Deal: $2M in Convertible Debt for Innovative Tech Company
DescriptionThis is an opportunity to invest in an early stage technology firm which will provide a postal mail management, cloud storage, and file syncing solution upon launch. While the firm intends to predominantly accept incoming postal mail, it will also offer legal document storage and retention services to both residential and commercial customers. Incoming mail will be read utilizing artificial intelligence and then placed into a cloud-based storage system similar to Dropbox. The firm also touts that it will reduce oneâ€™s environmental footprint by shredding and recycling all incoming postal mail. Mail could come back as egg cartons, paper plates, construction paper, a phone book â€“ or even kitty litter or Sheetrock. However, the firm plans to produce flip flops. The minimum investment is $10,000, and the Notes carry an interest rate of 9% with the option to exchange principal and interest for company stock at a 20% discount in 18 months. Funds will be used for pre-and-post launch expenses.
AssetsNew technology, Service
CountriesUnited Arab Emirates, Brazil, Switzerland, China, Costa Rica, Czech Republic, Germany, France, United Kingdom, Greece, Hong Kong, Italy, Saudi Arabia, Sweden, Taiwan, United States