{"data":{"type":"company_profile","id":47281,"entity_id":"wefunder:company:47281","attributes":{"canonical_url":"https://wefunder.com/parallel.flight.technologies","generated_at":"2026-06-08T17:33:42Z","updated_at":"2026-06-08T05:00:23Z","entity_ids":{"company":"wefunder:company:47281","slug":"wefunder:company_slug:parallel.flight.technologies"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-08T17:33:42Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-08T05:00:23Z","as_of":"2026-06-08T17:33:42Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-08T05:00:23Z","as_of":"2026-06-08T17:33:42Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-08T17:33:42Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-08T17:33:42Z","confidence":"medium"}}},"company":{"id":47281,"entity_id":"wefunder:company:47281","slug":"parallel.flight.technologies","name":"Parallel Flight Technologies","tagline":"Drones that lift more \u0026amp; fly longer — Multiple Industries","elevator_pitch":"We've built drones that lift more and fly longer to fight forest fires, transport emergency supplies, and support precision agriculture — thereby saving lives, property, and the environment.","story":"The time is now. We've secured funding from NASA and the NSF through the Small Business Innovation Research program, have LOI's signed from over a dozen customers in diverse industries, and are ready to apply our technologies — starting with the $10B wildfire industry in the US, Canada, and Australia. CEO Joshua Resnick and the Tesla Semi Truck.Our US-made technology carries heavy loads for 10x the duration of all-electric systems.Our tech vs. competitionWe have demonstrated the heavy lift capability and duration of our core technology with our prototype aircraft. Now we are\u0026nbsp;applying everything we have learned to designing a\u0026nbsp;Beta level product, which we will be flying later this year, and\u0026nbsp;putting into customer hands early next year.\u0026nbsp;For our first\u0026nbsp;products, we are focusing our technology to fight forest fires. Federal agencies, such as the\u0026nbsp;US Forest Service, and private companies\u0026nbsp;are actively looking for heavy lift solutions for wildfire and other applications, but the existing solutions are too limited in terms of flight duration and payload. Our tech will be made rugged enough to survive the wildfire environment which will make it capable of surviving anywhere.\u0026nbsp;The US spends $500M on controlled burns each year. Performing these burns with helicopters is dangerous and expensive, and a number of pilots have died. Agencies are starting to use drones for controlled burns but they need heavy lift systems that can cover more ground. We have partnered with a premier ignition payload manufacturer, Drone Amplified,\u0026nbsp;to deliver a solution for large-scale\u0026nbsp;unmanned controlled burns.\u0026nbsp;Wildland firefighters use a drone to ignite a prescribed burn using the Drone Amplified systemWe need Parallel Flight Technologies now more than ever because of the wildfire crisis happening worldwide — mainly caused by climate change and a growing wildland-urban interface. On average, firefighters only have air support for 8 hours per day.\u0026nbsp;Unmanned aircraft will enable round-the-clock support for fire crews increasing safety and effectiveness.We have 12 LOIs already signed by major corporate partners across multiple industries, including prescribed fire, wildfire applications, SAR, precision agriculture, heavy sensors, and invasive species removal.Our heavy lift unmanned systems open new possibilities for firefighting, search-and-rescue, ship-to-shore, agriculture, construction, medical,\u0026nbsp;remote logistics and many other\u0026nbsp;applications.We’ve already raised $1.7M through grants, private investment, and\u0026nbsp;regulation crowdfunding, and our trajectory is strong. Here’s what this latest round will help us achieve. Together, let's save lives, property, and the environment.","location":"La Selva Beach, CA","website":"https://parallelflight.com/","total_amount_raised":316651,"total_investors":71,"is_funded":true,"is_active":true,"quality_score":5,"related_urls":["https://wefunder.com/parallel.flight.technologies","https://parallelflight.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/47281/xxl_cropped_Screen_Shot_2020-05-08_at_1.31.49_PM.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/47281/large_cropped_LogoLetterOnly.jpg","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/47281/standard_cropped_Screen_Shot_2020-05-08_at_1.31.49_PM.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/47281/standard_cropped_Screen_Shot_2020-05-08_at_1.31.49_PM.jpg","profile_video_url":"https://wefunder.wistia.com/medias/p2pz4xkf61"},"links":{"company_url":"https://parallelflight.com/","twitter_url":"httpstwittercomParallelFlight","facebook_url":"https://www.facebook.com/Parallel.aero","instagram_url":"https://www.instagram.com/parallel.aero/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"US-made drone technology with 1.7M raised already through grants, private investment, and Reg CF."},{"index":2,"claim_id":"claim-fact-2","value":"CEO was the Tesla Semi Truck lead electrical engineer. Strong technical founding team."},{"index":3,"claim_id":"claim-fact-3","value":"Partnership with NASA and NSF (National Science Foundation). Received SBIR grant. Proprietary tech."},{"index":4,"claim_id":"claim-fact-4","value":"Carries heavy loads for 10x the duration of competitive systems."},{"index":5,"claim_id":"claim-fact-5","value":"Advisors: Former Navy test pilot, Tesla Strategist, sucessful entrepreneur, and aerial firefighter."},{"index":6,"claim_id":"claim-fact-6","value":"12 LOIs already signed by major corporate partners."},{"index":7,"claim_id":"claim-fact-7","value":"Initial focus on wildfire crisis. Working with federal and state agencies to apply our technology."},{"index":8,"claim_id":"claim-fact-8","value":"$10B market opportunity for wildfire in the US, Canada, and Australia alone. Future: Multi-sectors."}],"team":[{"id":718957,"entity_id":"wefunder:company_role:718957","user_entity_id":"wefunder:user:282037","role":"founder","name":"Joshua Resnick","title":"Co-founder \u0026 CEO","bio":"Led system architecture and electrical engineering for the Tesla Semi Truck program. Prior, Joshua led state-funded research for the State of Alaska developing hybrid-electric commercial fishing boats.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/718957/square_cropped_20180914_Joshua_Resnick_0023_copy.jpg?1591992846","profile_url":"https://wefunder.com/joshuaresnick","linkedin_url":"https://www.linkedin.com/in/joshua-resnick-4426a031","related_urls":["https://wefunder.com/joshuaresnick"]},{"id":718959,"entity_id":"wefunder:company_role:718959","user_entity_id":"wefunder:user:282365","role":"employee","name":"David M Adams","title":"Co-founder \u0026 Director of Operations","bio":"Engineer qualified nuclear submarine officer. Supported Naval research into drone swarms. Focused his career on robotic systems integration and design, having worked in both the semiconductor fabrication field and in surgical robotics.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/718959/square_cropped_Dave.jpg?1591635724","profile_url":"https://wefunder.com/david.m.adams","linkedin_url":"https://www.linkedin.com/in/david-adams-4856323a","related_urls":["https://wefunder.com/david.m.adams"]},{"id":718960,"entity_id":"wefunder:company_role:718960","user_entity_id":"wefunder:user:282054","role":"founder","name":"Bobby Hulter","title":"Co-founder \u0026 Director of Software \u0026 Controls","bio":"Bobby spent the last 10 years working with a solar equipment startup as an electrical engineer. His experience ranges across engineering disciplines including systems engineering, PCB design, software development, and machine vision.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/718960/square_cropped_Bobby.jpg?1591636007","profile_url":"https://wefunder.com/bobby.hulter","linkedin_url":"https://www.linkedin.com/in/bobby-hulter-951048b","related_urls":["https://wefunder.com/bobby.hulter"]},{"id":953015,"entity_id":"wefunder:company_role:953015","user_entity_id":"wefunder:user:868560","role":"employee","name":"Mark Bathrick","title":"Adviser - Unmanned Systems","bio":"Mark is a Top Gun graduate and former test pilot for the Navy. He has 30+ years of UAS testing, acquisition, management, and operations experience. Listed in 2018 by Commercial UAV News with the Top 7 Drone Visionaries.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/953015/square_cropped_Mark_and_Owl.jpg?1590680969","profile_url":"https://wefunder.com/mark.bathrick","linkedin_url":"https://www.linkedin.com/in/mbathrick/","related_urls":["https://wefunder.com/mark.bathrick"]},{"id":953016,"entity_id":"wefunder:company_role:953016","role":"employee","name":"Kasey Krape","title":"Adviser - Business Development","bio":"Kasey brings experience from Tesla as a Senior Manager of Global Inside Sales, Global Customer Experience, and senior staff manager for Strategy and Business Development for the Tesla Semi Truck program.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/953016/square_cropped_Kasey.jpg?1589691482","linkedin_url":"https://www.linkedin.com/in/kasey-krape-78913b8/","related_urls":[]},{"id":953018,"entity_id":"wefunder:company_role:953018","role":"employee","name":"Scott Watson","title":"Adviser - Aerial Firefighting","bio":"Scott devoted close to 40 years in the fire service, starting with the US Forest Service, and retiring from CAL FIRE as a Battalion Chief. As an aerial firefighter, he has over twenty years in tactical helicopter operations.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/953018/square_cropped_Scott_Watson_and_Me.jpg?1589691501","linkedin_url":"https://www.linkedin.com/in/scott-watson-216b32a8/","related_urls":[]},{"id":953017,"entity_id":"wefunder:company_role:953017","role":"employee","name":"Mike DelPrete","title":"Adviser - Startup Strategy","bio":"Mike is an experienced entrepreneur having founded and successfully sold Agora Studios. Following this he led strategy and then became Head of Ventures for Trade Me. Today he is an advisor to tech companies worldwide.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/953017/square_cropped_Mike.jpg?1597355353","linkedin_url":"https://www.linkedin.com/in/mdelprete/","related_urls":[]},{"id":953742,"entity_id":"wefunder:company_role:953742","role":"employee","name":"Seth McGann","title":"Test Engineering","bio":"Seth enjoys working on electronics prototyping, embedded systems, data acquisition and analysis. He is also a a very experienced coder with deep firmware experience.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/953742/square_cropped_SethMcGann.jpg?1590812764","linkedin_url":"https://www.linkedin.com/in/seraphim-mcgann-887180188/","related_urls":[]},{"id":953748,"entity_id":"wefunder:company_role:953748","role":"employee","name":"Brian Eiseman","title":"Mechanical Engineering ","bio":"Most recently, Brian led hardware development an AI and robotics company. Prior, Brian helped design and manufacture ground-up Electric Motorcycles, electric skateboards, and the largest roller coasters in the world.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/953748/square_cropped_Brian-Pic.jpg?1590812653","linkedin_url":"https://www.linkedin.com/in/brianeiseman/","related_urls":[]},{"id":953744,"entity_id":"wefunder:company_role:953744","role":"employee","name":"Megan Metz","title":"Business Operations","bio":"Executive Director with 15 years of being highly strategic and operationally oriented. Agile, hands-on and creative problem solver with impeccable communication, analysis and change-management skills.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/953744/square_cropped_Megan_Metz.jpg?1590812904","linkedin_url":"https://www.linkedin.com/in/meganmetz/","related_urls":[]},{"id":953747,"entity_id":"wefunder:company_role:953747","role":"employee","name":"Luis Barragan ","title":"Electrical Engineering Intern","bio":"Luis is a student at the University of California, Santa Cruz, graduating this June with a Bachelors in Electrical Engineering. At UCSC, Luis was part of the university's first FSAE program and CubeSat program.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/953747/square_cropped_me.jpg?1589832173","linkedin_url":"https://www.linkedin.com/in/barragan-luis/","related_urls":[]},{"id":953751,"entity_id":"wefunder:company_role:953751","user_entity_id":"wefunder:user:883269","role":"employee","name":"Shannon Knudsen","title":"Consultant: Grants / Contracts / BizDev","bio":"Shannon Knudsen has over 12 years experience helping small businesses, non-profits, and universities procure and manage funding from myriad sources, including a proven track record winning SBIR/STTR funding.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/953751/square_cropped_Shan.jpg?1590352085","profile_url":"https://wefunder.com/shannon.knudsen","linkedin_url":"https://www.linkedin.com/in/shannonknudsen/","related_urls":["https://wefunder.com/shannon.knudsen"]}],"featured_investors":[{"id":5027,"entity_id":"wefunder:company_investor_profile:5027","investor_profile_id":473699,"investor_profile_entity_id":"wefunder:investor_profile:473699","subject_entity_id":"wefunder:user:902718","name":"Alan M Schoepp","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/902718/medium_cropped_IMG00144-20120526-1618.jpg","profile_url":"https://wefunder.com/alanmschoepp","investment_total":25000,"investment_info":"Invested $5,000 this round \u0026 $20,000 previously","is_lead_investor":true,"related_urls":["https://wefunder.com/alanmschoepp"]}],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":22,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":28355,"entity_id":"wefunder:fundraise:28355","state":"successful","offering_type":"506(c)","funding_type":"note","structure":"equity","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":2500,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2020-06-12T23:28:39Z","funding_closed_at":"2020-08-14T05:01:38Z","auto_close_at":"2020-08-14T03:59:59Z"}],"latest_fundraise":{"id":28355,"entity_id":"wefunder:fundraise:28355","state":"successful","offering_type":"506(c)","structure":"equity","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2020-06-12T23:28:39Z","funding_closed_at":"2020-08-14T05:01:38Z","terms":{"eb":null,"nb":"$18M","txt":"pre-money valuation"}},"recent_posts":[],"q_and_a":[{"id":112151,"entity_id":"wefunder:comment:112151","question":"I invest on July 6, how can I see the share value?","author_name":"Amber Achhamey","votes":0,"created_at":"2020-10-26T01:13:47Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-112151","answers":[]},{"id":107573,"entity_id":"wefunder:comment:107573","question":"I'm a Wefunder investor and just invested into this project. Will it show in my Wefunder Portfolio? I did not see any reference to it on the StartEngine webpage or during the investment process. Appreciate your feedback. Antonio S Tepedino","author_name":"Antonio S TEPEDINO","votes":0,"created_at":"2020-09-23T21:09:16Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-107573","answers":[{"id":107574,"entity_id":"wefunder:comment:107574","answer":"Investments made under WeFunder will show in the WeFunder portfolio, those made under StartEngine will show under Start Engine. I hope this helps! If you have more questions, please email me at invest@parallelflight.com​​","author_name":"Joshua Resnick","votes":0,"created_at":"2020-09-23T21:11:35Z"}]},{"id":107056,"entity_id":"wefunder:comment:107056","question":"How do I invest in Parallel Flight Technologies?","author_name":"Brenda R. Goldberg","votes":0,"created_at":"2020-09-19T20:54:43Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-107056","answers":[{"id":107062,"entity_id":"wefunder:comment:107062","answer":"Go to www.startengine.com/parallel","author_name":"Joshua Resnick","votes":0,"created_at":"2020-09-19T21:21:23Z"}]},{"id":97843,"entity_id":"wefunder:comment:97843","question":"Hello will you allow non accredited investors invest?","author_name":"Raymond Brown","votes":0,"created_at":"2020-07-14T16:53:33Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-97843","answers":[{"id":97848,"entity_id":"wefunder:comment:97848","answer":"Hi Raymond, please email me at invest@parallelflight.com for more info. You can also join our webinar later today for more details: https://us02web.zoom.us/webinar/register/WN_UfLM7HW4TIKTn6fhcIFELQ","author_name":"Joshua Resnick","votes":1,"created_at":"2020-07-14T17:41:03Z"}]},{"id":97236,"entity_id":"wefunder:comment:97236","question":"Is this a Reg D offering or a Reg A+ offering?","author_name":"Vijay K","votes":0,"created_at":"2020-07-10T02:48:56Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-97236","answers":[{"id":97253,"entity_id":"wefunder:comment:97253","answer":"This is a Reg D offering. Please email me at invest@parallelflight.com and I can provide more info.","author_name":"Joshua Resnick","votes":1,"created_at":"2020-07-10T03:49:29Z"}]},{"id":97153,"entity_id":"wefunder:comment:97153","question":"I decided to invest $2700 yesterday and was required by wefunder to validate my status as a accredited investor, which i did overnight by supplying a copy of my 2019 w2 and a letter from my investment advisor goldman sachs confirming my assets. can you help me get in touch with wefunder. have had no luck confirming in spite of multiple emails. there does not appear to be a phone number for wefunder, help!","author_name":"John T Nugent","votes":0,"created_at":"2020-07-09T18:13:32Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-97153","answers":[{"id":97159,"entity_id":"wefunder:comment:97159","answer":"I'll send you an email and cc the appropriate staff person at WeFunder. If you don't get something right away, please email me at invest@parallelflight.com","author_name":"Joshua Resnick","votes":0,"created_at":"2020-07-09T18:50:27Z"}]},{"id":96097,"entity_id":"wefunder:comment:96097","question":"What are your revenue goals and when do you think you will be profitable?","author_name":"Vincent Furtkevic","votes":0,"created_at":"2020-07-01T23:04:09Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-96097","answers":[{"id":96100,"entity_id":"wefunder:comment:96100","answer":"Hi Vincent, Please email me at invest@parallelflight.com and I'm happy to discuss! Thanks, Joshua","author_name":"Joshua Resnick","votes":0,"created_at":"2020-07-01T23:10:02Z"}]},{"id":96096,"entity_id":"wefunder:comment:96096","question":"You say heavy loads, but it looks like it will only carry 100lbs. Thats not much. Am I missing something?","author_name":"Thomas Duncan","votes":0,"created_at":"2020-07-01T23:03:36Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-96096","answers":[{"id":96099,"entity_id":"wefunder:comment:96099","answer":"Hi Thomas, Heavy loads relative to the weight of the aircraft. The technology is scalable for hundreds of pounds, but we are starting here as it is a manageable size and can fulfill many logistics missions. Not only are the loads heavy relative to weight, but we have 10X the flight-time of all electric solutions. I hope that helps! Thanks, Joshua","author_name":"Joshua Resnick","votes":1,"created_at":"2020-07-01T23:08:05Z"}]},{"id":95375,"entity_id":"wefunder:comment:95375","question":"I have few of questions. 1. Do you have a patent for this drone in USA and other countries? 2. How far are you in negotiations with FAA to approve unmanned drone that can carry over 55lbs. 3. What is your exit goal and what time frame do you have in mind? 4. This is a continuation to Q3: What large company do you think may acquire you in the near future?","author_name":"Farrukh Zafar","votes":0,"created_at":"2020-06-26T21:37:35Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-95375","answers":[{"id":95378,"entity_id":"wefunder:comment:95378","answer":"Hi Farrukh, 1) 2 patents pending in the US for core tech. 2) We are working on a 44807 exemption. 3) Exit by acquisition or IPO, timeframe unknown at this point. 4) Bell, Boeing, Airbus are all companies working on heavy lift unmanned tech and would be potential acquirers. Hope this helps! Thanks, Joshua","author_name":"Joshua Resnick","votes":1,"created_at":"2020-06-26T21:43:28Z"}]},{"id":95169,"entity_id":"wefunder:comment:95169","question":"When is the production supposed to start for your customers?","author_name":"Vishvesh Vijay MULAY","votes":0,"created_at":"2020-06-25T20:59:23Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-95169","answers":[{"id":95171,"entity_id":"wefunder:comment:95171","answer":"Hi Vishvesh, We will begin flying our Beta level drone internally this fall/winter. Production on the first units will begin during that time, with delivery anticipated for early 2021. Thanks, Joshua","author_name":"Joshua Resnick","votes":1,"created_at":"2020-06-25T21:07:03Z"}]},{"id":94500,"entity_id":"wefunder:comment:94500","question":"I have searched the website for Offering Memorandum and other supporting / subscriptions documents to review, but can't find them. Is there a link?","author_name":"Thomas E Hannah","votes":0,"created_at":"2020-06-20T15:54:48Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-94500","answers":[{"id":94501,"entity_id":"wefunder:comment:94501","answer":"Hi Thomas, The Offering Memorandum is on the main About page, but here is the link: https://d2qbf73089ujv4.cloudfront.net/uploads/company_attachment/file/49387-rWgqxzF7sLs9XYGzmpwtAIIq/Paralel_Flight_Technologies_-_Private_Placement_Memorandum_v4.pdf The Subscription Agreement gets signed at checkout. Please email me at invest@parallelflight.com and I can email you any docs you would like for review. Thanks for your support! -Joshua","author_name":"Joshua Resnick","votes":0,"created_at":"2020-06-20T16:03:56Z"}]},{"id":94411,"entity_id":"wefunder:comment:94411","question":"What's your current social media strategy?","author_name":"AJ Cartas","votes":0,"created_at":"2020-06-20T04:06:13Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-94411","answers":[]},{"id":94316,"entity_id":"wefunder:comment:94316","question":"Hi, I am a investor already from your SE campaign and thinking about investing in this WF campaign. The $2.40/share, is this based on $14.4M valuation or $18M valuation? If it is at $18M then would early bird stock price 20% lower than $2.40? Appreciate the clarification. Thanks!","author_name":"Girish Amin","votes":0,"created_at":"2020-06-19T19:28:22Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-94316","answers":[{"id":94319,"entity_id":"wefunder:comment:94319","answer":"The Early-Bird share price is $2.40, which is equivalent to a $14.4M valuation. When the Early-Bird expires, then the per share price will be $3.00, and the valuation will be $18M.","author_name":"Joshua Resnick","votes":0,"created_at":"2020-06-19T19:45:36Z"},{"id":94321,"entity_id":"wefunder:comment:94321","answer":"And...thanks for investing!","author_name":"Joshua Resnick","votes":0,"created_at":"2020-06-19T19:52:18Z"}]},{"id":94137,"entity_id":"wefunder:comment:94137","question":"Hi, I was excited about your mission/vision just a few months ago on startengine for ~8M valuation. It is not clear to me what actual progress you and your team have made in the past few months and why all of a sudden, 5 months later, you raised your valuation to 18M. It is my understanding that you don't even have a real functioning product yet. I would appreciate if you could explain to me in a few sentences or correct me if I am wrong. thank you","author_name":"Emma S","votes":0,"created_at":"2020-06-18T19:09:34Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-94137","answers":[{"id":94139,"entity_id":"wefunder:comment:94139","answer":"Hi Emma, Excellent question - we have made significant progress both on the technology / IP side as well as on the customer traction side. On the tech side we have demonstrated our proprietary failsafe system which was developed under a NASA grant, and have filed IP on that. The new valuation is also based on estimated EBIT over 3 years, with a 10X revenue multiple, given our current, weighted customer funnel. Obviously, these are only estimates and actual performance may vary. I hope that helps! Thanks, Joshua","author_name":"Joshua Resnick","votes":0,"created_at":"2020-06-18T19:14:20Z"}]},{"id":93801,"entity_id":"wefunder:comment:93801","question":"Hi. I invested in you SE campaign. Can you tell me your revenue goals (not projections) for the next 5 years?","author_name":"Leonardo Lee","votes":0,"created_at":"2020-06-16T21:48:33Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-93801","answers":[{"id":93805,"entity_id":"wefunder:comment:93805","answer":"Please email invest@parallelflight.com and I can share some information with you directly.","author_name":"Joshua Resnick","votes":0,"created_at":"2020-06-16T22:13:13Z"}]},{"id":93798,"entity_id":"wefunder:comment:93798","question":"I want to invest. I am in the process of opening accounts for my grandchildren. How soon will I need to complete the transaction? Will I need to invest at least the minimum per account or can I divide it? Is there a number I could speak with someone? Mollie Moroney","author_name":"Mollie Moroney","votes":0,"created_at":"2020-06-16T21:12:19Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-93798","answers":[{"id":93799,"entity_id":"wefunder:comment:93799","answer":"Hi Mollie, please email invest@parallelflight.com with you phone number and someone will be able to help you.","author_name":"Joshua Resnick","votes":0,"created_at":"2020-06-16T21:16:14Z"}]},{"id":93698,"entity_id":"wefunder:comment:93698","question":"Hi Joshua, Last question. What country do you intend to manufacture this drone in? Thanks, Kevin","author_name":"Kevin Brown","votes":0,"created_at":"2020-06-16T03:30:01Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-93698","answers":[{"id":93704,"entity_id":"wefunder:comment:93704","answer":"Hi Kevin, We will manufacture the drones in the USA. We are sourcing US components wherever possible. The long term vision is to vertically integrate to as much as is practical. We are working on some exciting partnerships for carbon, engine, and other components in the US. Thanks, Joshua","author_name":"Joshua Resnick","votes":1,"created_at":"2020-06-16T04:33:51Z"}]},{"id":93679,"entity_id":"wefunder:comment:93679","question":"The previous round was on 'startengine' , why is this one on wefunder?","author_name":"Vishvesh Vijay MULAY","votes":0,"created_at":"2020-06-16T00:40:06Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-93679","answers":[{"id":93705,"entity_id":"wefunder:comment:93705","answer":"Hi Vishvesh, A number of our investors are asking this. This decision was made primarily around cost. Both platforms are excellent. This also gives us the opportunity to get exposure to WeFunders audience. Thanks, Joshua","author_name":"Joshua Resnick","votes":1,"created_at":"2020-06-16T04:37:33Z"}]},{"id":93675,"entity_id":"wefunder:comment:93675","question":"Hi Joshua, Carrying nothing, how far can this drone fly autonomously from its base and how long would it take it to get there? Thanks.","author_name":"Kevin Brown","votes":0,"created_at":"2020-06-15T23:14:55Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-93675","answers":[{"id":93677,"entity_id":"wefunder:comment:93677","answer":"Hi Kevin, Based on data from our prototype and calculations from components going into our Beta aircraft, we calculate that with an auxiliary fuel tank the aircraft has an estimated hover time of 8 hours. Full forward flight speed is conservatively estimated at 50mph, though this will reduce flight time. A 250 mile max distance at 50mph is a conservative estimate. That being said, our current radio package is only rated to 30 miles, we will need to implement a satellite link for true long distance missions. These packages are available. Thanks, Joshua","author_name":"Joshua Resnick","votes":1,"created_at":"2020-06-15T23:43:50Z"}]},{"id":93649,"entity_id":"wefunder:comment:93649","question":"i will ask in a different way what is an original invested dollar worth","author_name":"Reed Oswalt","votes":0,"created_at":"2020-06-15T20:13:15Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-93649","answers":[]},{"id":93635,"entity_id":"wefunder:comment:93635","question":"what is my original investment now worth ??","author_name":"Reed Oswalt","votes":0,"created_at":"2020-06-15T17:54:53Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-93635","answers":[{"id":93651,"entity_id":"wefunder:comment:93651","answer":"Hi Reed, I can't give securities advice in the Q\u0026amp;A so I need to keep this broad. In general, a private investment is worth what you can sell it for. The real value comes at a liquidity event such as an acquisition or IPO. We are raising this round at a higher valuation based on new tech developments and increased customer traction from our previous round. I hope this helps! Thanks, Josh","author_name":"Joshua Resnick","votes":0,"created_at":"2020-06-15T20:20:21Z"}]},{"id":93603,"entity_id":"wefunder:comment:93603","question":"What's with the Lead Investor taking 10% of gains?","author_name":"Howard M Hadley","votes":0,"created_at":"2020-06-15T14:22:29Z","canonical_url":"https://wefunder.com/parallel.flight.technologies#question-93603","answers":[{"id":93616,"entity_id":"wefunder:comment:93616","answer":"Hi Howard, The structure is that 10% of the gains go to the custodian, XX LLC, and then half of that goes to the Lead. This structure is new, and allows all the crowdfunding investors to come in as a single line on our Cap table. This can be a huge benefit for future funding rounds of the company. The Lead investor structure is there to mimic a VC structure, and allows the Lead to vote the shares when voting rights are present. I hope this helps! The thing to keep in mind is that company success is investor success, and keeping the Cap table clean is important for future fundability. Thanks, Joshua","author_name":"Joshua Resnick","votes":0,"created_at":"2020-06-15T15:40:40Z"}]}],"faq":[{"question":"What's with the Lead Investor taking 10% of gains?","answer":"Hi Howard, The structure is that 10% of the gains go to the custodian, XX LLC, and then half of that goes to the Lead. This structure is new, and allows all the crowdfunding investors to come in as a single line on our Cap table. This can be a huge benefit for future funding rounds of the company. The Lead investor structure is there to mimic a VC structure, and allows the Lead to vote the shares when voting rights are present. I hope this helps! The thing to keep in mind is that company succ..."},{"question":"what is my original investment now worth ??","answer":"Hi Reed, I can't give securities advice in the Q\u0026amp;A so I need to keep this broad. In general, a private investment is worth what you can sell it for. The real value comes at a liquidity event such as an acquisition or IPO. We are raising this round at a higher valuation based on new tech developments and increased customer traction from our previous round. I hope this helps! Thanks, Josh"},{"question":"Hi Joshua, Carrying nothing, how far can this drone fly autonomously from its base and how long would it take it to get there? Thanks.","answer":"Hi Kevin, Based on data from our prototype and calculations from components going into our Beta aircraft, we calculate that with an auxiliary fuel tank the aircraft has an estimated hover time of 8 hours. Full forward flight speed is conservatively estimated at 50mph, though this will reduce flight time. A 250 mile max distance at 50mph is a conservative estimate. That being said, our current radio package is only rated to 30 miles, we will need to implement a satellite link for true long dis..."},{"question":"The previous round was on 'startengine' , why is this one on wefunder?","answer":"Hi Vishvesh, A number of our investors are asking this. This decision was made primarily around cost. Both platforms are excellent. This also gives us the opportunity to get exposure to WeFunders audience. Thanks, Joshua"},{"question":"Hi Joshua, Last question. What country do you intend to manufacture this drone in? Thanks, Kevin","answer":"Hi Kevin, We will manufacture the drones in the USA. We are sourcing US components wherever possible. The long term vision is to vertically integrate to as much as is practical. We are working on some exciting partnerships for carbon, engine, and other components in the US. Thanks, Joshua"}]}}}