A Future Equity Agreement (SAFE) gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $15M eventually.
All of us at Sound Media Ventures are excited about Overplay's vision of transforming how people interact with videos. We all have personal videos in our pockets, and the volume of videos taken by phone is obviously massive. UGC social sites that allow us all to share them have been enormously successful. In parallel, mobile gaming has seen enormous growth as well.
Overplay marries the two trends in an elegant way, enabling us all to gamify each and every video we take, and then to share it. Some Overplay videos would only interest your family and friends, while others may resonate with the entire world.
This is a real game changer. It is super-transformative for users, turning many of us from passive viewers to users that interact with short-form video in a more deliberate fashion. And we believe this will lead to exciting monetization opportunities as well.
We're excited to join Dan and Caroline's journey, they're true innovators who are passionate about their mission and exhibit the necessary mindset to carry it through.