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 Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

🏆 #1 Online Platform for US Summer/Rec Swim Teams

💰 1,800+ Customers and $1 Million+ Annual Revenue Run Rate

🚀 With only $630K in Funding, Launched 3 Products & Acquired a Competitor

📈 Insanely Low Churn: Less than 2% per Year

❤️ Customers Love Us: 4.8/5 App Store Ratings, +74 Net Promoter Score, 85%+ Trial Conversion

⭐️ Management Team Includes Former Tech Leader of World-Renowned Design Firm and a 3-Time Olympian

Team Topia

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

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