Just thought this was interesting. Probably not a bad opportunity. This company will over video text message ads to their clients.
We just listed a new company on MicroVentures that I think you will be interested in. The company is called Smash and they have a platform that sends Text and Video through SMS(text) to your phone. Brands like the Steelers, Miller/Coors and several other companies are already using their platform and they are raising a small round to help promote the platform and grow the business. We will be co-investing with Mark Cuban, the owner of the Dallas Mavericks and a billionaire, and will be the only outside investors in this opportunity. The rest of the money is coming from the existing investors.
Here are some of the highlights. Be sure to go to MicroVentures and download the fund summary which is located on the right side of the offering page. It has a detailed 5 page summary with projections, competition, market size and more.
Investing at a $6 million valuation which is the same terms as Mark and other investors
Smash had $185K in revenue last year and is projected to do 400K in 2012
Their technology has 2 patents pending and one issued in Europe
The platform has the ability to send menu driven text messages which a company can use to promote their business. We put together a demo with terms of the offering. You can see it by texting "micro" to 76274.
They also have the ability to send video through a text. You don't need a data plan to see the video, only texting plan. I recorded a short demo video that you can see by texting "micro" to 333444.
Based on responses from our recent survey we anticipate that this offering will be funded very fast as 90% of our investors indicated that they were interested in co-investing with Mark Cuban and other high profile investors.
If you have any questions on the offering once you review the summary and funding documents please let us know.
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