You list a VP of Engineering but no engineers. Is that just the mgmt team listed or do you outsource your development? If so, what are future plans around outsourcing vs in-house?

Thanks for the question! Our products are currently built by our VP of Engineering (Chris Bonser) and yours truly, Founder & CEO (Mason Hale), with occasional assistance from contract/outsourced development resources. We don't have any dependencies on outside contractors to make updates or bug fixes to any of our products. Therefore, even though we do utilize contract resources at times, I would not describe our development as "outsourced." An expected immediate benefit of this campaign i...

It's clear that you've been very successful in the swim space. Broadly speaking you plan to expand within swim and to other sports (track, cross-country, etc.) A key success factor within swim seems to be Mason Hale's personal experience as a parent of a kid on a swim team and...

Thank you for the questions! I'll dig into each one in turn. == Q: Roughly how much growth do you anticipate will come from expansion within swim vs other sports? Is there much more growth available within swim? == Even with the traction we have in the swim market, there is still room to grow more than 10x within the swim market. Our estimation is that the total addressable market for swim team and meet management software is around $25-50M per year in the US and $80-100M per year worldwide. ...

What percentage of clubs are collecting dues/fees through the platform and what is the GMV? What is included in your COGS from your financials?

Nearly every club collects dues & fees through the Team Topia platform. The only exceptions are generally teams that do not collect any dues, such as school-affiliated teams. This isn't a metric we track, so I cannot provide a precise percentage at this time, but I estimate over 90% of teams on our platform collect dues and fees through our platform. So far, in 2021, we have processed $20,204,967 in registration dues & fees, including merchandise purchased during registration. Of this...

I have read the language in the Convertible Promissory Note for this offering here: https://www.sec.gov/Archives/edgar/data/1798181/000167025421001052/document_4.pdf Naturally, it is full of legalese and I’ve attempted a translation. The note is due Sept 17th, 2024 @ 4% APR. T...

Thanks for the question. First, I should point out that the note we're using is the default/standard convertible note form provided by the Wefunder platform, which in turn is based on the Cooley GO open source convertible debt financing documents, available from https://www.cooleygo.com/documents/series-seed-notes-financing-package/ We're using very widely used legal documents for this campaign. We didn't create new bespoke convertible note documents and we're certainly not trying to bury any...

When will the conversion of the Convertible Promissory Notes for this offering here perhaps become equity securities or shares or SAFE OR WILL NOT?

The convertible notes will convert to equity when a Qualified Financing occurs, which is defined as a priced equity round of $1,000,000 or more. Our goal is to raise a Series A round of $5M or more within the next 2 years. While we cannot guarantee hitting the goal, that is our plan. Hitting this goal would be a Qualified Financing that would result in conversion of all notes from this crowdfunding campaign. I should note that while no one generally invests in a convertible note for the inter...

Team Topia

Exceptional Team & League Management Platform—Expanding to Serve Every Sport

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teamtopia.com

Austin, TX

SaaS Mobile Apps Recreation Sports Tech

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Claudius interviewed Team Topia on October 7, 2021. Play Video

Claudius Mbemba

CTO @ useneu.com. Alum: Techstars, Microsoft, OSU. Speaker & Tech Entrepreneur advising early-stage founders.

Strengths

says, "Company has a strong product in market and a solid base to build from. That coupled with the fact that the incumbent technology was built decades ago, Team Topia is poised to capture a good share of the market with their up-to-date tech stack and ease of use. Additionally, their business model allows them to profit from just about every transaction and then some."

Advice

says, "Word of mouth is working great but I’d like to see the team proactively go after joint partnerships to get more athletes, coaches, & parents thinking about using Team Topia. Additionally, Teams already have network effects built-in but how could Team Topia incentivize referrals to explode growth?"

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LEAD INVESTOR

Invested $50,000 this round + $100,000 previously

I'm very excited about the investment opportunity with Team Topia. They have designed a robust and impressive product for a vastly underserved market. In addition, the underlying platform they have developed will allow them to easily expand into adjacent team sports creating an even larger opportunity for themselves. In addition, and just as importantly, I am excited to be investing in this team. They are smart, resourceful, and tenacious as well as being really decent human beings.

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