Question 1

What's with the Lead Investor taking 10% of gains?

Accepted 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 2

what is my original investment now worth ??

Accepted Answer

Hi Reed, I can't give securities advice in the Q&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 3

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.

Accepted 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 4

The previous round was on 'startengine' , why is this one on wefunder?

Accepted 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 5

Hi Joshua, Last question. What country do you intend to manufacture this drone in? Thanks, Kevin

Accepted 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

Parallel Flight Technologies

Drones that lift more & fly longer — Multiple Industries

Parallel Flight Technologies

Quick facts

Team profiles

Featured investor profiles

Ask