Does this mean that you plan to be on the stock exchange on August 13th? Could I monitor this through Ameritrade or something?

No. On Aug 13th it means it'll be open for the public to invest and be visible for anyone to find without having a secure link like you had. The same SEC is over the crowdfund but it will not be added to the exchange. You are investing with a convertible note at a $10 Million valuation cap (if you get in early) after that it'll be at a $15 Million valuation. We expect either of them to bring back GREAT returns within the next 8-12 months. Hope this helps

Interesting. There are competitors. I like the idea of sitting. Many people ride scooters but probably owned by the individual. You mentioned you have no IP or waiting for funds to pay for them. Low on cash. Your valuation is high with only $39k in revenue. How can you justify...

Great question James. The financials posted are 2019 financials out of our pilot market. If you check out the bulletin points you'll see in July 2020 alone we've done $32,000 in gross revenue. We are also on track to finish Aug with about ~50K in gross rev. this is also with a minimum fleet on the road we have an additional 300 vehicles expected to hit the streets in late Sept or early Oct with or without the investment from Wefunder. Our monthly revenue per bike is expected to be around ~$1,...

One more question. You state you have $50k in debt. Is it a promissory note when is it due? Are you going to use the funds from Wefunder to pay off the debt?

Debt is from an early investor which will be paid out of monthly revenue only when we feel the company can afford it. No rush to pay debt off. Everyone wants to see the company grow to that unicorn status!! #HopeToSeeYouThere

Hello, I am definitely interested in what you are building but was just wondering, are you planning to expand to other major markets in California or New York?

Great question! we are planning to expand aggressively in early 2021 3-5 cities per month. NY starts accepting proposals in Oct this year and we plan to apply for a permit. Our goal is 20+ cities over the next 10 months. #LetsGo

Boaz Bikes

Revolutionizing Urban Mobility with Safe, Sustainable Transportation

EARLY BIRD TERMS: $25,050 LEFT

$24,950

of a $50,000 goal

RESERVE

min $100

INVESTMENT TERMS

Future Equity + Revenue Share

$10M $9M valuation cap 5% of revenue 1.82X 2.0X payback multiple

Early Bird Bonus: The first $50K of investments will be in a SAFE with a $9M valuation cap

$500, $1K, $2.5K, $5K, $10K, $20K

boazbikes.com

Detroit, MI

Female Founder Consumer Goods B2C Minority Founder Transportation

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Invested $100,000 this round

We invested in Boaz Bikes because of their ambitious mission to transform micro-mobility. The Founders are strong with domain expertise and previous operating experience. We believe they’re thinking about the space differently with an unique Go-To-Market strategy that has led to solid early performance. We were most impressed by their organic growth, strong cash flow, and use of capital. Our team believes this could take off as they fundraise for market expansion.

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