Vestaboard, Inc. offering is now closed and is no longer accepting investments.
INVEST IN VESTABOARD, INC. TODAY!
Inspire From Anywhere
$330,569.36 Raised
REASONS TO INVEST
We've received $5.9 million in reservations by selling out our first production run of 3,000 Founding Edition units.
We closed a $3.8 million Series Seed Preferred financing between August and October 2020, and we have a vision to grow a large company with our flagship product, software and future products.
We began mass production in November 2020 and delivery of our Founding Edition units is underway. We expect to produce approximately 500 units per month of the Founding Edition.
ABOUT
HEADQUARTERS
1777 Yosemite Avenue
San Francisco, CA 94124
WEBSITE
View Site
Vestaboard is a smart messaging display that can be controlled from anywhere. We have totally reimagined the design of a split-flap display you might have seen in a European train station, bringing it into the 21st century. Vestaboard can receive automated updates from many of your favorite apps via IFTTT, including Calendars, Slack, Teamsnap, Alexa or Google Home, and can support enterprise-level solutions via our API.
TEAM
Dorrian Porter
Founder and CEO
Ian Guyer
Asia-Pacific Operations
Faiza Hassan
Product Design
Steve Zadesky
Advisor to CEO
Aaron Clark
Revenue and Operations Advisor
Matt Collier
Channel & Corporate Development Advisor
Chris Jelly
Software, Cloud and Architecture Advisor
Moustafa Badawy
Software and Mobile Apps
Dominic Monette
Embedded Systems
Mark Confroy
Customer Success & Logistics Advisor
Kristin Keeffe
Business Development and Legal Advisor
Zulema Payan
Customer Success
Theresa Gadaire
Customer Success & Communications
Carolyn Nickell
Brand and Communications
Rishabh Gupta
Marketing and analytics
Eric Om
Software Engineer and Web
Adam Reed-Erickson
Mechanical Engineering Consultant
Scott Brenneman
Electrical Engineering Consultant
TERMS
Vestaboard, Inc.
Overview
PRICE PER SHARE
$1.70
DEADLINE
Mar 17, 2021
VALUATION
$14.32M
AMOUNT RAISED
$330,569.36
Breakdown
MIN INVESTMENT
$498.10
MAX INVESTMENT
$106,998
MIN NUMBER OF SHARES OFFERED
5,882
OFFERING TYPE
Equity
ASSET TYPE
PREFERRED
SHARES OFFERED
Series Seed 2-C Preferred Stock
MAX NUMBER OF SHARES OFFERED
588,234
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Vestaboard, Inc. |
Corporate Address | : | 1777 Yosemite Avenue, San Francisco, CA 94124 |
Offering Minimum | : | $9,999.82 |
Offering Maximum | : | $999,997.80 |
Minimum Investment Amount(per investor) | : | $498.10 |
Terms
Offering Type | : | Equity |
Security Name | : | Series Seed 2-C Preferred Stock |
Minimum Number of Shares Offered | : | 5,882 |
Maximum Number of Shares Offered | : | 588,234 |
Price per Share | : | $1.70 |
Pre-Money Valuation | : | $14,317,333.70 |
COVID Relief
This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary COVID-19 regulatory relief set out in Regulation Crowdfunding §227.201(z).
Expedited closing sooner than 21 days.
Further, in reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal not direct a transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).
Forward Looking Information in this Campaign
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
Investment Incentives
Invest $500 - receive recognition for you and / or your family members by name on the Founder’s Vestaboard maintained by Vestaboard at its offices and celebrating Vestaboard owners and customers. Choose your name, a dedication to a loved one or family member, your favorite quote / message, a moment in history to honor, or whatever you can dream of.
Invest $2,000 -receive founding customer benefits if you also become a Vestaboard customer:
*Recognition on Founders’ Vestaboard described above.
*15% off future spend with Vestaboard: Whether it's your first purchase, shipping, white-glove installation, the purchase of additional Vestaboards, or any new products we introduce in the future (including individual "Bits"), you will receive a 15% Founding Customer discount whether you're buying for yourself, a friend or for your own business.
*First look at everything: We plan to make our Founding Customers aware of our special events, programs and products first, including an exclusive customer referral program that will generate further benefits.
*All perks occur when the offering is completed and only if the Investor becomes a paid customer. You are not a paid customer by participating in the offering - you must make an offer to purchase a Vestaboard on the Company's website.
Invest $10,000 or more and we will direct one Vestaboard unit to your favorite non-profit through our 1 in 100 Program.
Vestaboard has committed to delivering 1 out of every 100 units to non-profits. If you invest $10,000 or more, you will be able to direct one of these Vestaboard units to the non-profit of your choice. You will also get recognition on Founders’ Vestaboard described above. And, if you become a customer, you will also receive the Founding Customer benefits.
*All incentives will be completed after the offering.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative. Vendor payments. Inter company debt or back payments.
ALL UPDATES
03.16.21
Final Few Hours to Invest
Fewer than 12 hours remain to join Vestaboard’s investment offering to the investing public. To our over 150 investors who have invested over $300,000, thank you for your backing. Become a shareholder today.
03.15.21
One day left to invest!
Tomorrow is the last day you can become a stockholder through Vestaboard’s investment offering to the investing public. Join us as we build an extraordinary company focused on creating products that help our customers inspire others. If you are an accredited investor interested in investing $25,000 or more, inquire here.
03.12.21
Vestaboard’s investment offering closes soon!
The countdown is on! Only a few days remain to invest in Vestaboard’s crowdfunding offering. We invite you to join us as we build an extraordinary company with products that help our customers to inspire others. Take advantage of this offering before it expires on Tuesday, March 16th. If you are an accredited investor interested in investing $25,000 or more, inquire here.
03.08.21
8 days left to join Vestaboard’s investment offering
Vestaboard’s crowdfunding offering ends in just a few days on March 14th. Thank you to our more than 120 individual investors who have collectively invested more than $220,000. We appreciate your backing.
Take a look at Vestaboard being enjoyed by some of our customers "In the Wild." In addition, we are excited to bring Vestaboard to the world. We recently opened storefronts in Australia, the United Kingdom and Europe, with the Middle East launching next.
We invite you to take advantage of this offering before it expires. If you are an accredited investor interested in investing $25,000 or more, inquire here.
“The Vestaboard is in my home office. Every day the kids stop by and read the quotes I post. They love the sound that it makes and find it so cool that we have ‘art that changes.’ The posts are great conversation-starters for my kids, and a personal challenge for me is to find quotes that they can both understand and appreciate.”
- Steve Zadesky
03.02.21
Vestaboard’s Australia, UK and Europe storefronts now live!
Vestaboard is thrilled to announce the launch of three new storefronts. Check out the UK storefront at uk.vestaboard.com. Benchmark Designs will bring Vestaboard to the UK and Ireland. Take a look at the Australia and New Zealand storefront at australia.vestaboard.com. Vestaboard has teamed up with Leading Solutions to bring Vestaboard to Australia and New Zealand. View Europe’s storefront at europe.vestaboard.com.
The Vestaboard team is excited to bring inspiration to the world, and we invite you to join us.
02.22.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Vestaboard, Inc. has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Vestaboard, Inc. be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
02.19.21
Apartment Therapy says Instagram is “Obsessed” with Jennifer Garner’s Vestaboard
Jennifer Garner’s Vestaboard, which she often showcases on Instagram, is creating a growing interest in the product -- and Apartment Therapy has noticed. Check out their recent article on Jennifer and how she has contributed to Instagram’s “obsession” with Vestaboard.
02.15.21
Vestaboard launches Inspire Community; 1 in 100 Program
Vestaboard is thrilled to announce the launch of Inspire Community, its commitment to gifting one Vestaboard for every 100 sold.
Vestaboard was built to help our customers inspire others. You are now invited to nominate an organization or individual who can use Vestaboard to help serve and inspire their communities. Make your nomination now.
Founder and CEO, Dorrian Porter, celebrated the program’s official launch. “We are honored that Vestaboard can support the work of organizations like Rescue:Freedom International that rescues children from slavery and LifeMoves working to break the cycle of homelessness. We look forward to partnering with more inspiring organizations and individuals who are committed to making a positive impact in their communities.”
StartEngine investors who invest $10,000 or more may select one individual or organization to receive Vestaboard through Inspire Community. Invest here, and you can name the one who will use Vestaboard to inspire the community it serves.
Learn more about Inspire Community.
02.03.21
Vestaboard is in the News!
We loved seeing The Download's report on Vestaboard. Enjoy it here
___________________________________________
Vestaboard is Dorrian Porter's vision of a programmable sign for the home using the same kind of split flap technology that was commonplace in transportation hubs around the world.
01.20.21
Vestaboard In the Wild! Customer Stories keep Coming.
As we continue to deliver to more and more of our customers, nothing gives us greater delight than the images and videos they share enjoying their new Vestaboards. Take a look at our newest customer stories of Vestaboard In The Wild! And check here for more In the Wild!
See one customer's son cheer "Again!" for Vestaboard.
Enjoy this customer's tribute to her cat.
We love this customer's Vestaboard pattern.
REWARDS
$500
First Volume Tier
Invest $500: receive recognition for you and / or your family members by name on the Founder’s Vestaboard maintained by Vestaboard at its offices and celebrating Vestaboard owners and customers. See more in terms below!
$2,000
Second Volume Tier
Invest $2,000 -receive founding customer benefits if you also become a Vestaboard customer. See more in terms below!
$10,000
Third Volume Tier
Invest $10,000 or more and we will direct one Vestaboard unit to your favorite non-profit through our 1 in 100 Program.
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
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SECURE
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DIVERSE INVESTMENTS
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
