Question 1

1) How do you plan to continue shipping plastic free if you begin to sell via Amazon? 2) What are the details of your convertible note please. Thank you!

Accepted Answer

Hi Mandy, thank you so much for your question. We are planning to distribute our products through Amazon by listing them, and then we will do the fulfillment from our own facilities and using our own packaging. The convertible note details are as follows: 1. The valuation cap is $6M ($5M if you invest until October 5th under special terms for early-bird investors). 2. The discount rate is 20%. 3. The maturity date is 24 months from the effective date. 4. Interest rate is 6.0%, and interest sh...

Question 2

When can I expect a return on my investment?

Accepted Answer

Hi Emily! The convertible note we are using on this round will allow you to convert your investment to stock at a later date when Terraseed raises a "priced round" from major investors, most often venture capitalists. At this point, you will be a shareholder owning equity, and you will earn a return when the value of that stock goes up over time, and the company goes public or is acquired. Let us know if you have more questions!

Question 3

The pitch mentions that the founders have multiple startups under their belts but only notes one successful exit. Can you discuss what happened with the other startups?

Accepted Answer

Hi Kevin! The previous company was a video production and web services company called Iconik that morphed into Aomm.tv, the startup that was successfully acquired by Gaia. You can see more information about this company in my Linkedin profile: https://www.linkedin.com/in/maria-cebrian-fernandez/ .

Question 4

Hi, you're tackling a very important problem! I'd like to know what margin is?

Accepted Answer

Hi Lea! Our current gross margin is 56%. Let us know if you want to know more detailed information.

Question 5

What are year-to-date revenues, and are you on track to hit your projected revenues for 2021?

Accepted Answer

Hi Kevin. Our revenue year to date is $115,752, which is slightly down from our projected revenues due to inventory shortages in the past months. Now that we have replenished inventory and secured the next 8 months of inventory, we are ready to grow fast to achieve the projected growth by the end of the year.

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