|1||Kazoo's award-winning UI team has designed apps for Apple, Twitter, Snapchat & Kanye West. The same team who designed Kazoo.|
|2||Mgmt team includes top-tier talent of experienced entrepreneurs & business leaders who have founded, grown, & sold numerous start-ups.|
|3||The timing could not be better to invest in the mobile app & security markets - a combined $400B market with a 16% growth rate.|
|4||Kazoo's engineering team has built apps for the worlds biggest brands - Coca-Cola, Tesla, and eBay. The same team who built Kazoo.|
|5||Kazoo has secured marketing partnerships with organizations that have a combined audience of 450K (social media channels & email database)|
|6||Kazoo's founders invested over $400K of their own funds, demonstrating their commitment to Kazoo's rapid growth potential and success.|
|7||Own a piece of this next generation tech, & enjoy the investment returns that follow.|
In this day and age there is a need for a social safety app. Kazoo provides easy access to SOS call centers, streamlines the documentation of emergencies, and provides peace of mind to parents and children. There is also the functionality of 30 day historic tracking of where you have been, allowing individuals to do their own management of contract tracing. This will be vital for the future, all while maintaining privacy.
Our emergency services technology provides on-scene live video streaming, paired with precise location services, to a person in crisis’s emergency contacts – even before calling 911. By making this technology publicly available, we are taking emergency services to a whole new level. Data security and privacy at the crux of the platform.
Our world-class team of engineers and award-winning designers have led projects for global companies like Apple, Twitter, CocaCola, Tesla, and Kanye West. We know how to deliver a quality product and bring it to market.
Kazoo has secured two affinity partnerships to market Kazoo to their expansive membership and constituent audiences: Hydrocephalus Association (HA) and Stand for the Silent (SFTS). These two marketing channels provide a cost-effective and efficient route to reach highly audiences.
Kazoo's revenue model includes both a business-to-business and direct-to-consumer strategy. Both are subscription-based models, which provide a consistent revenue stream for Kazoo.
Kazoo the world’s first SOS app to instantly alert your loved ones, live stream video, pinpoint your location, and communicate and dial 911—with 1 tap. No other app in the market does this. Kazoo combines the best of what other apps offer but bundled together with more features you need to stay connected and safe. Below is a competitive analysis chart the shows product differentiation.
The chart below displays how the funds will be allocated. As the company grows, the management team will reassess the timing and need for its Series A funding to further fuel Kazoo's growth.
In the tech industry, it is common practice for small platforms with proven success in acquiring users to be purchased by a larger company. Kazoo has a clear path for growth following the model of comparable startups.
The family-focused social app Life360 offers a good example of the process from its modest start to its current success. Life360 has seen rapid growth—now reaching 25 million monthly active users in over 140 countries, with more than 130 employees.
Kazoo seeks to follow Life360's growth trajectory with a better product, larger market, and stronger business-to-business model.
Own a piece of this next-generation tech, and enjoy the investment returns that follow. –The Kazoo Team
Kazoo has financial statements ending December 31 2020. Our cash in hand is $15,000, as of February 2020. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $2,500/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Kazoo solves three critical customer needs: How do I safely connect and make plans with my closest friends? How do I find my children and closest contacts in an emergency? How do I alert my friends and family when in danger? Kazoo brings together everything you need to plan, track and protect your life in one safe and secure app. Our platform combines technologies to ensure a fluid experience with essential features—messaging, video streaming, event creation, location sharing and tracking.
In five years we hope to be the leading app in safety, security and communications; to be the leading technology that is embedded across US mobile carriers, rideshare platforms and the travel and hospitality industry. We want to change the way consumers engage their social networks by providing private, cultivated social app experience.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Kazoo LLC was incorporated in the State of District of Columbia in April 2019.
Since then, we have:
Historical Results of Operations
Our company was organized in April 2019 and has limited operations upon which prospective investors may base an evaluation of its performance.
Related Party Transaction
Refer to Question 26 of this Form C for disclosure of all related party transactions.
Liquidity & Capital Resources
To-date, the company has been financed with $419,176 in debt and $15,000 in equity.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 9 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 9 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Kazoo LLC cash in hand is $5,000, as of February 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $5,000/month, for an average burn rate of $5,000 per month. Our intent is to be profitable in 12 months.
Kazoo has managed to maintain low fixed operating costs of $5K per month through the extensive beta group period, until launch in March 2020. There have been no material changes as the company is carefully managing cash flow and ensuring efficient operations during its pre-launch period.
Over the next three months, the company will continue to manage its cash flows conservatively to minimize expenses as the product launches. Kazoo has secured two significant marketing channel partnerships to eliminate marketing costs while getting visibility to hundreds of thousands of prospective customers. The company hopes (but does not guarantee) to be generating revenue in March 2020. We will be focused initially on securing monthly consumer subscriptions at $6.99 per month / $69.99 per year while simultaneously working with our corporate target audience. We hope (but guarantee) to generate in $25,000 monthly revenues and $25,000 in expenses six months after launch. We can reliably depend on the founding team to contribute funding as needed. Based on the amount generated from this offering, we expect to start taking meetings for an additional raise in September 2020. We can rely on founder contribution for additional capital if necessary.
Our Company has a limited operating history from which Note purchasers may judge our likely performance. The Notes being offered entail a high degree of risk, are speculative, and are suitable only for persons able to sustain the loss of their entire investment.
Lack of Public Market. There is no market through which the Company’s securities may be sold and it is not currently anticipated that any will develop in the future. Transfer of the securities of the Company is subject to significant restrictions described in this Agreement. Moreover, the Notes will not be registered under the federal securities laws, in reliance on exemptions under such securities laws, or qualified under any state securities act, also in reliance upon exemptions under such acts.
Capital Requirements. The Company will need additional capital in the future. The Company may be required to raise additional funds through equity or debt financing. No assurance can be given that such financing will be available on terms acceptable to the Company, if at all and, if available, such financing may result in dilution to the Company's shareholders.
Competitive Industry. The Company expects to encounter intense competition in the mobile app industry. The Company's operations under development will compete for revenues with other providers of such products and services in the Company's market.
Our Company will be dependent upon certain key personnel. The Company’s success depends to a significant extent upon the contributions of it key personnel, including Luna Howard and Peter Goodman. The loss either of their services or of any other current or later key personnel could have a material adverse effect on the Company.
Ability to Implement and Manage Growth Strategy. Although the Company expects to experience growth in a relatively short period of time and its operations may grow rapidly, the Company’s revenues may not continue to grow at the same rate.
No Audited Financial Statements. The Company's financial statements have not been audited by an independent Certified Public Accountant. The Company's financial statements are the responsibility of its management.
The economic benefits from an investment in the notes offered hereby depends on the ability of the company to successfully achieve its objectives. The accomplishment of such goals in turn depends on many factors, some of which are beyond the control of the company.
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