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Thuzio isn't accepting new investments

Thuzio’s deadline was April 30, 2020

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Thuzio

Sports events and media company
Event Management Sports B2B Black Founders Subscription
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$82,773
Raised
265
Investors
Successfully funded and closed on April 30, 2020.
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Closed on April 30, 2020. Information may not be up-to-date. Campaign closed on April 30, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Thuzio, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Thuzio Crowd SAFE
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Hear from some of the 265 investors in Thuzio


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$1M+ revenue
Company had over $1M in revenue in the past 12 months
Notable angel backing
Company is backed by a notable angel investor
Power Founders
Founders previously exited or operated a large business
  • National event series featuring interviews with iconic athletes
  • $2.5M in revenue in 2019
  • Raised $3.2M to date from angel investors including Gary Vaynerchuk
  • Founded by Tiki Barber (NY Giants), Mark Gerson, and Jared Augustine
  • 200+ corporate members incl. 7 top U.S. banks and 6 top consulting firms

Problem


Fans want to meet and hear stories from athletes directly

Athletes have countless inspiring stories to tell. Sophisticated fans want to meet them and hear their first-hand accounts of the greatest moments in their professional careers. Live games often don't provide the right environment for cultivating key business relationships. 

Solution


Thuzio: live sports events that inspire

We are an event and media company providing unrivaled access to sports icons and their stories. Our national event series features live interviews with professional athletes, focusing on the shared values of sports, life and business. Our event series is accessible exclusively to a business membership community that leverages our events for client engagement and networking. 

Product


Events, media, and custom experiences for our members

Thuzio members have access to a national event series that will offer 100+ events across 12 US cities in 2020, including activations at the Super Bowl, NBA All-Star Weekend, the NCAA Final Four, and the NFL Draft. Thuzio events feature a professionally moderated interview with an iconic athlete, are hosted at upscale and business-friendly venues in major cities, and are wrapped in a premium hospitality experience. 

Members and our growing digital audience of subscribers enjoy access to exclusive video and audio content from Thuzio events, as well as custom private athlete-powered events and experiences. 

Membership is tiered and can be purchased by individual professionals, small teams, or the enterprise.

Traction


$2.5M in revenue, 1.5 years after launch

  • 25K+ digital subscribers
  • 200+ corporate member accounts
  • 5,000+ event attendees in 2019
  • 100+ events planned across 12 US cities for 2020 
  • "Caters to the elite" - ESPN's Undefeated

Customers


Where sports meet business

Thuzio events and content serve the "Growth Professional" - someone who constantly aims to improve and achieve in life and business. We are often found by top producers, small business owners, and/or executive leaders. Our membership base boasts seven of the top ten U.S. banks, six of the top ten U.S. consulting firms, and four of the top ten B2B SaaS companies.

Business model


The business model of professional sports teams

Thuzio makes money the same way as professional teams. Revenue comes from tickets (membership), and sponsorship against events and media. Expenses come from venue, catering, talent, and production costs.

Membership has tiered pricing, starting as low as $2,000 per year for the individual professional, up to $20,000 per year for the enterprise. Membership provides a block of tickets for access to events, priced generally around $200 per ticket. 

Sponsorship is custom built for brands, providing a range of assets, including event branding and activations, digital acquisition marketing via email and social, sponsored video and audio content, and hospitality. Sponsorship can be purchased for individual events, or as part of an annual program. Investments range from $3,000 per event for product sponsors, to six-figure annual deals. 

In 2019, we kept our events and revenue flat, while focusing on gross margin improvement. We're thrilled to say we grew gross margins by 2x YoY.

Now armed with healthy gross margins, we look to double our event count and revenue in 2020, while pursuing increased revenue and margins per event in our 3 year plan. We believe each event can represent $100K in revenue and $50K in gross profit, as we grow our membership base for ticket redemptions and enhance sponsor value through exposure to a larger member community and digital audience. 

Market


$70B U.S. sports market

Thuzio events specifically target the buyer of premium sports tickets and hospitality (making up $19B of the $70B total market). Thuzio media, serving as the go-to destination for inspirational sports content, will serve the same brands currently spending across the sports media landscape. 

Competition


A unique edge to the sports event experience

There is no competing membership organization providing access to athletes and sports content. That said, we do compete with the traditional teams and leagues for spend against premium sports hospitality and sponsorship products.

Our members tell us that our event product provides a more comfortable and consistent environment for client engagement. We never have an off night.

Vision and strategy


The go-to destination for inspirational sports content and events

2020 marks an important year of growth for Thuzio. We will double our event count (100), open 4 new markets (Miami, Atlanta, Las Vegas, and San Francisco), bringing us to 12 total. We'll also launch our content platform, providing access to our video library and podcast.

By 2022, we aim to be producing 300 events, across 30 U.S. and international markets, serving millions of digital subscribers and thousands of corporate members. This plan would generate $25M+ of revenue and $5M+ of EBITDA.

We raised $1M this past summer (2019) to expand events and the sales and marketing organization. Now we're raising up to an additional $600,960 to invest in our content platform. 

We're just getting started... 

Funding


Raised $3.2M to date from angel investors including Gary V and David Falk

  • Thuzio events and media, as it exists today, is nearly 3 years old, and has raised $3.2M, starting with a $1.8M note in 2017, when the company became independent. We subsequently raised $400K in an equity round in December 2017, priced at $2.5M post. Most recently, we raised $1M in equity financing this past summer at a $5M pre-money valuation.
  • Thuzio, Inc. was founded in 2012 by Tiki Barber (NY Giants), Mark Gerson (GLG) and Jared Augustine (Seamless/GrubHub), aiming to solve a problem recognized by Tiki; it was difficult if not impossible for most people to access professional athletes for engagements.
  • We built an online database of sports influencers, making them accessible for live appearances and social media activations. We raised $20M+ of venture funding into the business and overtime grew the database to include influencers from all genres. Today, we’re thrilled to say the original database business exists under the brand, “Julius”,  a leading influencer marketing software company.
  • Along the journey, we started hosting events with our business and athlete networks, to show the power of these interactions first-hand. The feedback was overwhelming positive from all parties. We asked the question – what if you could buy a version of season tickets to access events with professional athletes all year round? We decided this could be a very special and valuable concept, and in July of 2017, we spun-out the the event business as a stand-alone company, carrying the original brand of “Thuzio”.

Founders


Jared Augustine

Mark Gerson

Tiki Barber

Deal terms


Valuation cap

$7,500,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for Thuzio occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Thuzio is accepting.
Learn more

Funding goal

$600.96K

Thuzio must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $600.96K.
Learn more

Deadline
Thuzio needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

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. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Thuzio, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Thuzio Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Thuzio.
Invest
$200
Receive
  • 1 ticket to any Thuzio Member event. Tickets are good at all Thuzio Member events from June 1, 2020 - May 31, 2021
Invest
$400
Receive
  • 2 tickets to any Thuzio Member event. Tickets are good at all Thuzio Member events from June 1, 2020 - May 31, 2021
Invest
$1,000
Receive
  • 5 tickets to any Thuzio Member event. Tickets are good at all Thuzio Member events from June 1, 2020 - May 31, 2021
Invest
$2,000
Receive
  • 10 tickets to any Thuzio Member event. Tickets are good at all Thuzio Member events from June 1, 2020 - May 31, 2021
Invest
$3,000
Receive
  • 15 tickets to any Thuzio Member event. Tickets are good at all Thuzio Member events from June 1, 2020 - May 31, 2021
Invest
$4,000
Receive
  • 20 tickets to any Thuzio Member event. Tickets are good at all Thuzio Member events from June 1, 2020 - May 31, 2021
Invest
$5,000
Receive
  • 25 tickets to any Thuzio Member event. Tickets are good at all Thuzio Member events from June 1, 2020 - May 31, 2021

Why others invested

See all reviews (0) See all (0)

I’m a big sports fan and believe that this company will make big moves and sign big tv deals .

Profile picture of Ezroy Thompson
Ezroy Thompson
Value-add investor
about 5 years ago

As a sports fan, I see the huge upside! Looking forward to being a part of the journey as a user and a backer.

Profile picture of Prathik Gadde
Prathik Gadde
Active investor
about 5 years ago

I recently worked on a project for Grad school that focussed on live events and digital media within the sports (surfing) industry. I am convinced this company is promising and may lead to have a branch for a more economic segment.

Profile picture of Christian Perez
Christian Perez
Active investor
about 5 years ago

About Thuzio

Legal Name
Thuzio, Inc.
Founded
Dec 2011
Form
Delaware Corporation
Employees
10
Website
thuzio.com
Social Media
Headquarters
Google Map location of of Thuzio
114 West 26th Street , New York, NY
Headquarters
114 West 26th Street, New York, NY, United States 10001

Thuzio Team
Everyone helping build Thuzio, not limited to employees

Profile picture of Jared Augustine
Jared Augustine
Founder
Featured in Superheroes · Read
Profile picture of Mark Gerson
Mark Gerson
Founder
Profile picture of Tiki Barber
Tiki Barber
Founder
Jared Augustine
Founder
Mark Gerson
Founder
Tiki Barber
Founder

Press

This company lets you book small events with NFL Hall of ...
Business Insider Business Insider
·
Jan 17, 2020

The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a ...

Thuzio Party Brings Insightful Content and Networking to ...
Front Office Sports Front Office Sports
·
Feb 1, 2019

The sports event and media company will host its invite-only party 7-10 p.m. Friday at SweetWater Brewing Co. in Atlanta....

Thuzio to Launch in Dallas and Washington D.C.
Prnewswire Prnewswire

NEW YORK, Aug. 7, 2019 /PRNewswire/ -- Thuzio is launching in Dallas and Washington D.C. next month, which marks its seve...

Logo of Thuzio

Thuzio

Thuzio successfully raised $82,773 from 265 investors on April 30, 2020
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Jose, Christian, Stephen, Shimangus, JW, and 260 others invested. 59 Reviews
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