Dave McCarty

Cincinnati, OH (USA)
Role(s):
Founder/Owner/Principal

AstrumIP

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Location: Cincinnati
Industry: Telecommunications
Year Founded: 2009
Number Employees: 1-10 people
Description: Our small business, AstrumIP, is seeking $50k in early stage business funding to grow our telecommunications startup business. I have included some basic details below regarding the funding that we're looking for. It is AstrumIP’s goal is to become a leading provider phone service to small businesses in Ohio and surrounding states by utilizing VoIP digital phone technology. We intend to reach that goal by providing feature-rich, superior quality phone service at half the price of other carriers. David C. McCarty is the founding member and President of AstrumIP. He brings 20 years experience in the telecommunications industry with vast knowledge of start-up and early development companies. His diverse experience in sales and operations executive management, combined with his proven ability in generating rapid sales growth in start-up telecommunications ventures are invaluable to the successful start-up of AstrumIP. The AstrumIP VoIP phone service can best be described as a total telecommunications solution for small businesses. AstrumIP VoIP allows its customers to utilize their broadband internet connection to make and receive phone calls as well as send and receive fax documents. The offering consists of a maximum of 6,000 Class B Units of membership interest in the Company for an aggregate offering price of $50,000. The company has a combined total of 10,000 Class A and B Units. Class B Units are entitled to receive all cash flow distributions until they receive aggregate distributions equal to their aggregate capital contribution(s). The funds will be used to initiate corporate operations, secure office and engineering space, hire initial employees, initiate billing and customer service, accelerate market penetration through a direct marketing campaign, add independent sales agents, marketing and engineering personnel, and purchase of operational and production hardware and software. Year 1 Year 2 Year 3 Revenue $989,640 $5,119,127 $12,497,352 CoGS $482,877 $1,934,305 $4,241,429 Op Ex $217,230 $624,960 $1,031,924 Net Income $289,533 $2,559,862 $7,224,000 Assets $22,053 $59,949 $111,944 The financial exit strategy would preferably be through acquisition by a public or private competitor. The company should be an attractive acquisition for a larger company contemplating the time and cost of competing against an established brand in a new or different market, and their ability to acquire an experienced and successful management and sales teams. The company has a completed business plan that is available upon request.