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Security Type
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Common Stock
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Categories
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Technology, Consumer Goods & Products, Retail
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Min Investment
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$250
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Offering Date
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September 30, 2022
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Expected Close Date
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March 02, 2023
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Target Raise
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$10.00K-$1.24M
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No. Investors
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84
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Security Price
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$2.50
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Valuation
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$8,330,000
- Number of Employees
- 2
- Cash
- $531
- Revenue
- $41,916
- Short Term Debt
- $0
- Cost of Goods
- $54,485
- Long Term Debt
- $0
- Net Income
- $-144,855
Company Description
MaxTracker has created a technology system that will build and operate break-through software and electronic components designed to provide anti-theft protection for our customers’ cars, bikes, kids, pets, valuables... anything that moves. Our mission is to provide our customers with affordable advanced GPS, 5G cellular, IoT anti-theft products to protect against rising crimes of theft of personal property.
Perks
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$250+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
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Friends and Family Early Birds
Invest within the first 6 days and receive 75% bonus shares
5
days
16
hours
0
mins
19
secs
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$500+ Investment
$500+ | STAR LEVEL
Invest $500 or more and receive MaxTracker baseball cap + 5% Bonus Shares
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$1,000+ Investment
$1,000+ | GALAXY LEVEL
Invest $1000 or more and receive MaxTracker baseball cap + 1 MaxTracker Ping+ with one year free data + 10% Bonus Shares
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$2,500+ Investment
$2,500+ | NOVA LEVEL
Invest $2500 or more and receive 2 MaxTracker baseball caps + 2 MaxTracker Ping+ with one year free data + 15% Bonus Shares
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$5,000+ Investment
$5,000+ | SUPER NOVA LEVEL
Invest $5000 or more and receive 2 MaxTracker baseball caps + 2 MaxTracker Ping+ with one year free data + 20% Bonus Shares
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$10,000+ Investment
$10,000+ | UNIVERSE LEVEL
Invest $10,000 or more and receive 2 MaxTracker baseball caps + 3 MaxTracker Ping+ with 2 years free data + 25% Bonus Shares
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$20,000+ Investment
$20,000 | MILKY WAY LEVEL
Invest $20,000 or more and receive 2 MaxTracker baseball caps + 5 MaxTracker Ping+ with 5 years free data + 33% Bonus Shares
Key Deal Facts
People are more concerned than ever about rising crime invading their lives and losses from criminal activity, 36 million US homes are protected by video doorbells and security cameras (source). That protection stops at the end of their driveway. MaxTracker protects them everywhere else they may travel.
MaxTracker’s subscription business model includes long term recurring monthly revenue and an 80% profit margin. We believe our business model promotes strong cash flow.
Our first product, MaxTracker bike GPS, was introduced on Indiegogo. That successful crowdfunding produced about 420 units sold generating over $63,000. Our initial goal was fully funded the first day of the campaign.
Management Team / Advisory Board Bios
James Dotter
CTO, COO & Director
Jim is an experienced technology lead and entrepreneur with several ventures in sports and tech. He started as a software engineer and moved on to systems architect and then to CTO. He has received two patents, and more are pending for the MaxTracker product line. Â
Jim remembers the trauma of having his brand new mountain bike stolen while on a biking trip to Breckenridge. The anger and frustration he felt was top of mind when Steve invited him to join MaxTracker. More recently, his golf clubs were taken, ironically just a few months before he could get a MaxTracker prototype into the bag. He is driven to bring this product into production, to protect his own stuff and that of others.
Phil Harris
Strategic Advisor
A 35-year veteran of the telecommunications technology industry, Phil is now retired from Cisco Systems, where he served as a VP of Engineering. During his tenure, he led teams in the US, China, India, and across Europe and to help transform the world of business communications from voice-centric technologies to cloud-based, fully integrated voice, video, and web collaboration for business communication systems. Phil still maintains an avid interest in leadership development and technological innovation, selectively spending his time coaching women executives and consulting with next-gen technology innovators like MaxTracker.
Phil is an advisor for MaxTracker and works four hours per week for MaxTracker.
Benny Ellis
Strategic Advisor
Benny retired as a senior telecommunications software architect in the Bell System for over 30 years. He wrote his first computer program in 1971 and holds 4 patents. In retirement, he is an avid golfer, bicyclist, and skier and loves attending live music concerts.
Benny is an advisor for MaxTracker and works four hours per week for MaxTracker.
Glen Freundlich
Strategic Advisor
38 years in R&D in telecommunications, cloud and enterprise applications, with product development roles including requirements definition, architecture, design, software development (multiple languages), project lead, and project management. 6 of those years included participation in the definition of international standards for internet communications (e.g., IP telephony).
Glen is an advisor for MaxTracker and works four hours per week for MaxTracker.