Here's a roundup of the most important deals in venture capital from the past week. David Paul Morris | Bloomberg | Getty...
Join the waitlist at nailbot.com
Women have painted their nails with lacquer, polish, henna, ink or other substances for over 5,000 years to express themselves creatively. Nails can change from week to week or even day to day. Yet we still predominantly use a method that has not changed in a century.
Analog Methods: DIY can be messy. Nail Salon trips are inconvenient & expensive.
Preemadonna has created a family of Nailbots - devices that automate the nail decoration process. Lacey, the first Nailbot, prints instant custom nail art directly on nails using your smartphone! We leverage the vision capabilities and processing power of your smartphone to make the Nailbot affordable and accessible.
Prep
Put your finger in the finger cradle of the Nailbot (if Lacey or Grace Nailbot) and tap print on the screen of your smartphone. In about five to ten seconds that image will print on your fingernails.
Preemadonna has protected its technology and brand through its strategic international patent portfolio and trademark positions. Specifically, Preemadonna owns the IP directed to several aspects of the innovative Preemadonna system and processes. As of February 5, 2018, Preemadonna has one issued US patent and additional assets in the US, Europe and Asia. Preemadonna also has trademark applications in a number of jurisdictions for its brand and product lines.
For more details, please refer to our Form C Patent and Trademark Application Section
We have been working on various models and configurations of the Nailbot to address different segments of the market. For example, the Tess Nailbot uses an ampule or pod and contains material more similar to traditional nail polish. Our goal is to eventually decorate the entire nail to automate the polish change. Our intellectual property portfolio also reflects this vision.
*The features, components, mechanisms, launch dates, printing specifications and industrial designs of the Nailbot product family are preliminary and subject to change.
*In future generations of the Nailbot, Preemadonna may generate more revenue from recurring physical consumables.
3. Mobile platform outreach. Since emerging from stealth, Preemadonna initiated Facebook Live Nailbot demonstrations with several media brands and influencers with large female consumer audiences which resulted in customer education, product awareness and waitlist signups. Entities that have agreed to have Nailbot art collections upon launch include Brit + Co, Hello Giggles, Cute Polish & MakerGirl.
Preemadonna is first focusing on the pre-teen and teen segment of girls (“Preemadonnas”) in the United States (21M total) that decorate their nails regularly. 92% of girls aged 8-18 decorate their nails regularly (at least once a month) and 14% decorate their nails at least once a day. It is the most popular form of cosmetic amongst that demographic. The average US teen spends around $963 on cosmetics and accessories. Our first product, the Lacey Nailbot, addresses this target segment and acts as a “Snapchat for Nails” with its instant fun prints on demand.
Our strategy is to grow with these Preemadonnas and eventually provide an experience for every Preemadonna in the home - whether you are 6, 16, 36 or 56. We intend to deliver a Nailbot that suits your needs from our starter Nailbot (Lacey), toy Nailbot (Gracie Nailbot) to full nail art coverage (Grace Nailbot) to eventually a Nailbot that paints your nails with a one time use pod or capsule (Tess Nailbot). The hardware kits (Nailbot) are powered by our Preemadonna software, art and content marketplace.
*Nailbots are named after inspirational women. Lacey is named after Ada Lovelace. Grace and Gracie are named after Grace Hopper. Tess is named after Tess McGill - Pree's favorite character in the movie Working Girl.
*Select Market Size Sources: Statista; Grand View Research Inc., Mintel; Statista
Preemadonna closed a $1.1M seed round in late December 2017 from prominent industry investors. Jesse Draper lead the round with Halogen Ventures and took a board seat. All existing convertible notes or safes converted in the seed round (the $1.1M raise reflects this conversion.) Other investors include Per Capita Ventures, SOSV, QVP, Helen Greiner (co-founder iRobot), Charles Huang (founder, Guitar Hero), Meghan Asha (CEO, FounderMade), & Charles Songhurst. Preemadonna was also selected for the following prestigious accelerators: HAX Hardware (Shenzhen, China) & Founders Factory (London, United Kingdom).
We emerged from stealth mode in late 2015 and have been improving prototypes, incorporating customer feedback and raising capital from value add investors. We are committed to shipping Nailbots to our Indiegogo and Kickstarter backers this year (approximately 750 units) with beta and pre-production units, before we open up pre-sales to our existing waitlist.
Bringing the Nailbot to market requires the skillsets, experiences and perspectives of diverse group. Our team reflects the ambitious mission of Preemadonna - mobilizing the next generation of technologists, democratizing self expression and inspiring creativity with on demand printing applications. Our management team is complimented by an all star roster of Preemadonna artists, coders and marketers that both use and create our products and platforms. Read more here.
Pree Walia is the CEO & Co-founder of Preemadonna. Previously, Pree worked at high growth venture backed hardware start-ups focused on LED lighting and building automation. Pree started her career working in grassroots politics across the United States. She is passionate about causes that impact women and girls and is a certified volunteer domestic violence counselor. Pree serves on the Board of Advisors for MakerGirl, a nonprofit that inspires young girls to pursue STEM fields. Pree was named one of the "25 Women in Robotics You Need to Know About" by Robohub. She holds an MBA from the University of Chicago and a BA from Northwestern University, and is a Delta Delta Delta.
Casey Schulz is a co-founder at Preemadonna. Casey has diverse systems engineering experience building quadcopters, satellites, cartesian robots and small motion control systems. Casey has worked at NASA Ames, the National Ignition Facility at Lawrence Livermore National Laboratory, Accel Biotech and Techshop. Casey holds an MS in Mechanical Engineering from Carnegie Mellon University and a BS in Mechanical Engineering from Santa Clara University. She loves crafting and is passionate about teaching girls and diverse communities about technology, especially robotics, through her work.
Jesse Draper is an investor in Preemadonna and serves on the Board of Directors. She is the founding partner of Halogen Ventures, as well as creator and host of 2015 Emmy nominated television series,“The Valley Girl Show”. Jesse is a 4th generation venture capitalist. Through her show and ventures, she’s helped pioneer the way in digital media and has an initiative to interview 50% women in technology. She is a new mom, a graduate of UCLA and a Kappa Kappa Gamma. Jesse is the ultimate Preemadonna and passionately supports our mission to build a female consumer technology company for the next generation of girls.
The past 5 years of my life have been spent bringing Preemadonna to life. What started as just a big idea - a robot to decorate nails ("jetson" style) turned into my passion. Along the way, I encountered public successes and setbacks. I recruited makergirls, engineers, interns, coders, hackers, artists, and other investors that believed in a technology company for the next generation of girls. The Nailbot is not just a beauty device to us, it’s a tool to express ourselves creatively. We want our Preemadonnas to make, design and eventually code their own art. We want our users to be creators of technology.
Some ask why the name of the company is Preemadonna and not Nailbot. Well, it's simple to me. Nailbot is a product line, and a very exciting one. But the Nailbot will only get better (and cheaper) the more it's used by our community. Our community is full of dynamic and creative young women with big dreams and innovative skill sets that still enjoy a traditionally "feminine" beauty routine with nails. That's not a contradiction. We feel like Preemadonnas when we get our nails polished, and the Nailbot is the enabler of that experience.
Being a Preemadonna really means that you are original and comes from the Italian for "first lady". Over the years, it's been given a negative connotation for someone that is too pushy or "diva" like. We believe it means someone that is smart, beautiful, original, creative and dynamic. We are taking back the word and turning it into something that is overtly considered feminine and simultaneously powerful— Preemadonna.
We've worked on this venture because it's part of a bigger ecosystem and movement. It’s bigger than just increasing the number of women in STEM & STE(A)M, it’s bigger than changing the ratio of women in venture capital or female CEOS — it’s about channeling the power of being born or identifying as a woman, with all of its gender constructions and assumptions, into something extraordinary using our consumer power and investing in other girls and women.
Thank you for considering an investment and joining our mission. We will make you proud.
Pree Walia
#GoNailbot
$8,000,000
The maximum valuation at which your investment converts
into equity shares or cash.
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0%
If a trigger event for Preemadonna occurs, the discount provision
gives investors equity shares (or equal value in cash) at a reduced price.
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$1.07M
Preemadonna must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $1.07M.
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Crowd SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
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I believe in Pree and products like the Nailbot that allow girls to be creative and technical. Let’s go Preemadonna!
Ran into Pree on the street in SF one evening a few years ago and ended up walking with her to her destination. She told me about her idea and now it's come to life. Looking forward to seeing how far she can go!
I support women founders and want to empower other women to succeed! Preemadonna will disrupt nail industry by saving women and men time and money from salon visits.
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