RACERX

Enabling companies to build lasting relationships with customers

  • Canton, MA
  • Technology
Every year there are over 3 billion purchases of consumer durables, and the brands that sell them have no idea who is using them.  We help these brands overcome the customer data gap created when products are sold through resellers like Amazon, Best Buy, Target, and Home Depot so they can develop better relationships with actual customers.

Terms

Equity
Offering Type
$0.68
Price per Share
$4.16M
Pre-Money Valuation
Common Stock
Security
$200
Min. Reservation
TTW
Offering

This Reg CF Test the Waters offering is made available through TycoonoInvest Portal LLC

Reserving securities is simply an indication of interest that involves no obligation or commitment of any kind.


Why Invest in RacerX?


 

    • Transforming manufacturers’ paper documentation, warranty, and registration process through mobile app automation and integration, resulting in stronger customer relationships and brand loyalty, as well as a significant reduction in operating costs.

       

    • Enormous global market of product manufacturers with millions of end customers that are becoming increasingly reliant on Amazon, Target, Walmart, and similar large-scale resellers to reach end customers.

       

    • Positive environmental impact through material reduction of the 41.9 million tons of waste produced every year by paper and packaging.

       

    • Strong team founded by a group of ex-Bose colleagues with extensive experience delivering significant long-term business value through direct customer communication.

       

    • Multiple revenue stream business model with estimated year 3 net operating income of $4.8 million on total revenue of $8.3 million.


Management Team


 

 

RacerX Founder Bios

RacerX was founded by a group of three ex-Bose product management leaders.  At Bose, which had a very large D2C business, they learned the incredible value of having actual customer data. They also developed a passion for creating simple solutions that solve real problems.  As durable goods product managers, they also have extensive knowledge of the timelines, processes, and costs involved in developing and deploying in-box product literature and product labeling.

 

Avrum Mayman, President and CEO

Since graduating from the MIT Sloan School of Management, Avrum has held a number of product management, program management, and strategy roles in companies ranging from startups to multi-billion-dollar B2B and B2C global corporations.  Avrum brings a passion for bringing 1st to market concepts to life.  The majority of his post-Sloan career has been spent at Bose, where he was responsible for the Lifestyle Home Theater product line.  Perhaps his most significant accomplishment at Bose was the development of the Unify Intelligent Integration System.  This technology greatly simplified the setup and use of Lifestyle Home Theater Systems and reduced customer returns and calls to Tech Support by 90%.

In addition to his Sloan degree, Avrum has a Physics degree from Vassar College and a Masters in Aerospace Engineering from the University of Michigan.  Avrum spent 5 years working on the Space Shuttle’s Orbital Propulsion systems helping to return the Shuttle to flight post-Challenger.

 

Bill Allen, Customer Success

As an engineer, project manager, product manager, and consultant, Bill has driven alignment on the ‘what’, ‘why’, & ‘how’ for more than a hundred consumer-electronics products – all aimed at delivering both performance and simplicity. He has shaped industry-leading products such as the Bose Wave Radio, ten generations of Lifestyle home-theater systems, and the underlying processes to deliver them. In his last role at Bose, Bill led the Bose Mobile App Product Management team, where he was responsible for understanding and translating market needs into product requirements.

Bill holds two engineering degrees from Dartmouth and has been awarded five US patents.

 

Steve Jungmann, Operations and Development

Steve has been leading product definition and launches in consumer, health, and data for over twenty years. Many of these products have been based on new technologies into new markets and he has worked as closely with the development of the product as he has with customers and the market.

Earlier in his career, Steve worked in product roles in Silicon Valley for a number of consumer electronics startups. He spent several years at Apple where he was on the Macintosh team as well as introducing new technologies such as video conferencing and a direct-to-consumer channel well before the Apple Store. More recently, Steve led the product team at Quanttus, which created a watch that captured blood pressure at a clinical level and headed up the product development and design at Cure Forward, a SaaS matching service for cancer patients and clinical trials.

Steve is an active mentor for consumer, data, and healthcare startups in the Boston area. He has an engineering degree from Stanford and a business degree from San Jose State.

Offering Summary

Company: RACERX, INC.

Address: 55 Knob Hill Circle, Canton, MA 02021

Minimum Investment: $200

Offering Minimum: $10,000

Offering Maximum: $605,000

 

Terms

Offering Type: Equity

Security: Common Shares

Price per Share: $0.68

Minimum Number of Shares Offered: 14,815

Maximum Number of Shares Offered: 888,889

Pre-Money Valuation: $4,158,296

DURING THE TEST THE WATERS PHASE OF THIS REG CF OFFERING, NO MONEY OR OTHER CONSIDERATION IS BEING SOLICITED, AND IF SENT IN RESPONSE, WILL NOT BE ACCEPTED. NO OFFER TO BUY THE  SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE OFFERING STATEMENT IS FILED AND ONLY THROUGH AN INTERMEDIARY’S PLATFORM. AN INDICATION OF INTEREST INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. RESERVING SECURITIES IS SIMPLY AN INDICATION OF INTEREST.

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

Updates

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