Altwork

Welcome the seismic shift to hybrid/remote work with a modern workstation

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Security Type
Crowd SAFE
Min Investment
$100
Location
GEYSERVILLE, CA
Offering Date
February 02, 2022
Expected Close Date
April 21, 2023
Target Raise
$25.00K-$1.07M
No. Investors
242
Security Price
$1
Valuation
$25,000,000
Website
altwork.com
Number of Employees
5
Cash
$324,838
Revenue
$2,856,196
Short Term Debt
$923,964
Cost of Goods
$1,335,678
Long Term Debt
$6,287,388
Net Income
$629,097

Company Description

Did you know the average career consists of approximately 80,000 hours spent working?

Well, we spent 80,000 hours engineering and designing an artful, sleek workstation that puts humans where they should be—at the center of their computing experience.

Perks

Invest
$500
Receive
$100.00 Altwork Store Credit

Invest
$1,000
Receive
$200.00 Altwork Store Credit

Invest
$2,500
Receive
$500.00 Altwork Store Credit

Invest
$5,000
Receive
$750 in store credit.
Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Invest
$10,000
Receive
$2,000.00 Altwork Store Credit.
Plus Invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Invest
$20,000
Receive
Flex Station with delivery in the contiguous US.
Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Invest
$30,000
Receive
Signature Station with delivery in the contiguous US.
Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Invest
$50,000
Receive
Let us design the Ultimate Home Office Solution for you including a Signature Station with TruVue within the contiguous US.
Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Key Deal Facts

Founding team built and exited company where investors made 77% IRR
$9M+ in lifetime revenue on product with 50-80% profit margin per unit
Ultra-profitable TAM of WFH professionals needing flexible workstations
Comprehensive set of accessories adds additional revenue streams
Multiple patents in the US, EU, and Japan
Featured in WSJ, People Magazine, Daily Mail, Wired, Mashable, and more

Perks

Invest
$500
Receive
$100.00 Altwork Store Credit

Invest
$1,000
Receive
$200.00 Altwork Store Credit

Invest
$2,500
Receive
$500.00 Altwork Store Credit

Invest
$5,000
Receive
$750 in store credit.
Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Invest
$10,000
Receive
$2,000.00 Altwork Store Credit.
Plus Invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Invest
$20,000
Receive
Flex Station with delivery in the contiguous US.
Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Invest
$30,000
Receive
Signature Station with delivery in the contiguous US.
Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Invest
$50,000
Receive
Let us design the Ultimate Home Office Solution for you including a Signature Station with TruVue within the contiguous US.
Plus invite to Altwork Annual Product Roadmap Meeting (See restrictions in FAQ section).

Management Team / Advisory Board Bios

Che Voigt
CEO & Co-Founder

John Speicher
CTO & Co-Founder

Kelly Graves
CFO

Matt Vallotton
Director of Engineering & Fulfillment

Lindsay Musco
Marketing Coordinator

Pete Harrison
Performance Marketing Advisor

Beth Gumm
Strategy Advisor

Jessica Farron
Brand Advisor

Jen Howell
Supply Chain and Operations Advisor

Jeff Ward
Director of Customer Relations

Johnny Helela
Assembly Technician

Ashley Rider
Fulfillment Coordinator
Amount Raised : $206,323
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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