Joseph Mackey
Woodbury, NY (USA)
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MiracleMind.com
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Startup
Location:
Woodbury
Industry:
Education
Year Founded:
2007
Number Employees:
1-10 people
Description:
An early-stage e-learning company, (URL removed) is located in Woodbury, NY. (near NYC). The business model is original and well conceived. This is a direct sales subscription that directly meets the needs of today's mass consumer audience. 4 years in research and planning (tech, content, instructors, surveys, and especially marketing). The management team of SIX is committed, experienced, mature and covers all the bases. Compensation is capped and some of us are working for stock only. We have structured an attractive funding offer - bridge loan / 2 yr. convertible note - for $800,000, with a solid plan to collateralize this Note before the end of 2009. Funds will be used to launch two initial projects that will quickly bring us to stable black ink, as well as springboard to the next round of funding ($1.8M), and major nationwide launch. We have profuse documentation/due diligence as well as an online audio/visual explanation of the business model. Additional information is posted below relating to the purpose and the type of funding that we think would be the best fit.
MiracleMind, Inc. is primarily interested in receiving capital ($800k) from 1-3 Angel Investors (no brokers please). Terms are excellent (Convertible Note with warrants) and you will be the primary/only creditors.
We will use the funds that are raised for the purposes below:
- General operations, digital course assembly, launch 2 mini-projects, technical completion, software integration, marketing messages, etc. The $800k will result in stable positive cash flow. Our Use of Proceeds is carefully vetted - 50 line items.