L’ego M’eggo!
It ended with Trung accepting a duo of Dragons for a total of 3.5% equity stake in his company… and at his full asking price.
Why did these investors fight this hard over a piddly 1.75% stake each?
Because they understood the potential value of the Smart Home industry – one that is expected to grow from approximately $158 billion in 2018 to $262 billion by 2025 – that’s a lot of billions $$$!
Further, less than 8% of new window shade purchases are motorized due to high costs and lack of retrofits, leaving RYSE the opportunity to automate the other 92% of shades – and that’s a lot of shades!
Finally, it’s possible thoughts of Ring went through their heads…which was rejected on Shark Tank in 2013, and ended up selling to Amazon for $1.2 billion. And not to rub it in, but the show invited Ring Founder, Jamine Siminoff, on as a Guest Shark…
So all this takes me to you…No, you won’t have to engage in a nasty pillow fight with Mark Cuban to own a piece of this company.
Instead, RYSE is currently offering investors like you and me an opportunity to take part in a pre-IPO offering at $1.00 per share in its Community Round – Series A. Key milestones in this round include scaling into Retail and B2B channels, including Big Box retailers as Trung hinted at in his recent interview Jeff and myself HERE.
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