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Thedrop Opens Pre-Series B Athlete Investment Opportunity

Apr 26, 2022•about 3 years ago

Round Type

series b

Las Vegas

Description

DAISI Inc., an ecommerce platform company and parent of TheDrop.com, has opened a Convertible SAFE Note specifically for athlete-investors before its anticipated Series B round of financing. With an expected Series B raise in the $40-50 million range, this unique opportunity encourages athletes to make a technology investment early in their careers. Only $1.5 million will be accepted on the incentivized terms of the SAFE note.

Company Information

Company

The Drop

Location

Las Vegas, Nevada, United States

About

The real wins are in the long-term equity play.”DAISI Inc founder Matt Falcinelli explains why the company is opening this Note raise so close to its Series B. In opening this ‘Athlete Convertible Note’ we would like to serve as a case study for how athlete-investors can diversify their investments and follow the success of Shaq, Andre Iguodala, and others who are leading the way.”The early-stage company highlights new “Services” revenue channels post-Series B similar to that of Farfetch’s marketplace platform services in the luxury market. TheDrop is now the strongest source of real-time trend intelligence in a $200 billion Youth / Streetwear fashion market.