We are looking for investors who would be interested in the following:
- All or part of an investment up to $5,000,000
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- Use of funds
- $1,500,000 reimbursement for time and material expended to date
- Reimbursement of all capital expended
- 10% to partner raising capital
- Balance according to stock allocation
- $1,500,000 for land purchase and lot development
- $2,000,000 for construction of 20 houses
- $1,500,000 reimbursement for time and material expended to date
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- Return of investment through sale of 20 houses
- Expected sales price of $350,000
- Total revenue of $7,000,000
- Investor portion $6,000,000
- My Robot Builds portion $1,000,000
- Expected Time Frame – 12 months
- Months 1-4 – purchase land, install utilities, engineering and architecture designs
- Months 5-6 – pour slabs
- Months 7-10 – print homes (1 per week)
- Monts 8-12 – finish out homes
- Residual 2% interest in the company
- Sale stock vests immediately
- Distribution stock vests after 5 years – company needs the liquidity
- Governance – Three classes of stock
- Voting
- Distributions
- Valuation
- Icon has set the market at $270MM for building 6 homes
- $5,000,000 is 2% of $270MM but investor should receive all original investment back (plus potentially profit) so assuming all capital returned from house sales, 2% stake in company is free. If all capital is not returned, most of the capital should be returned, meaning 2% is significantly discounted.
- Governance – Three classes of stock
- Company objectives
- 2022 – proof of printing capabilities building our own homes
- late 2022 forward – transition out of building our own homes into simply printing walls for others
- late 2023 – move into production of printers