What is the exit strategy ? When the company will be a profitable ? Who is your competitor ? Do you intend to launch a new products?

Great questions! Regarding our exit strategy - Our aim for the next five years is to significantly grow our business and establish it as a leading company within the industry. We recognize the immense potential for rapid growth, but we're committed to ensuring it's sustainable by setting realistic targets. We're investing for the long term while achieving near-term milestones to demonstrate our progress. While it's premature to outline an exact exit scenario, we're addressing a sizable market...

1) I'm trying to get a handle on your corporate structure, as it seems to include several subsidiaries. Can you describe the corporate hierarchy in terms of the parent company (which I assume is Got Bag GmbH) and any sister corporations and subsidiaries? 2) It sounds as though...

Hey Kevin, appreciate the thoughtful questions! They're spot-on and will definitely provide clarity for other potential investors. Here are the answers: 1) GOT BAG was founded in 2018 by Benny Mandos in Germany as GOT BAG GmbH. It quickly rose to prominence in the European market, becoming the leading backpack manufacturer. In early 2020, we expanded our horizons, setting up an office in Portland, Oregon, as we recognized the immense potential in North America. As the Head of North America at...

Is the company profitable?

Thanks for your question! GOT BAG North America has just reached break-even and, according to our financial plan, we expect to end this year profitably. Over the past year, we’ve focused heavily on optimizing operations, increasing efficiency, and expanding our sales channels, all of which have put us in a strong position for sustained growth. With our current trajectory and planned initiatives, we are confident that 2025 will be the year we turn a profit. Let us know if you have any other qu...

What kind of stocks will be offered as future equity

Thanks for your question! The investment is structured as a SAFE (Simple Agreement for Future Equity), which means that investors will receive equity in a future priced round. The specific type of stock issued at that time will depend on the terms of the future financing event. Currently, GOT BAG North America Inc. has only one class of stock—Common Stock. Once a qualified financing round occurs, SAFE investors will convert their investment into equity at the agreed-upon terms. Let us know if...

GOT BAG

World's first travel bags & accessories made of recycled Ocean Impact Plastic™. Celebrity Backed!

us.got-bag.com

Beaverton, OR

PBC & B Corp Consumer Goods Retail Fashion Sustainability

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GOT BAG

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