PopCom's aim is simple: bring automated retail kiosks and vending machines into the modern day. Equip them with sensors that can collect a slew of data that would make the most data-crazed e-commerce entrepreneur a fan: conversion rates, dwell metrics, crowd demographics, sentiment analysis, and cart abandons, to name a few. Finally, make the machine look and feel gorgeous.
I joined as a consultant in December 2017 and worked directly with the CEO to redefine the company's mission, write new sales copy, redesign and relaunch the website, and create a digital sales process that helped close over $3,000,000 in ARR for the company's first batch of kiosks over the course of 8 months.
Right around the time when things were looking up, the machines' industrial designer ran off with the IP and CAD files. Production came to a halt. Deposits had to be returned, and the company ran out of cash.
The company's investors refused to provide follow-on funding, so I worked tirelessly to come up with a plan to save the company, and landed on a equity crowdfunding offering. I personally researched, wrote, and designed a 31-page whitepaper that covered the company's plans for the future and market opportunity.
I also wrote and designed the StartEngine offering page, which you can see here. After a few months of prep, we launched the campaign. My role switched to managing the paid marketing. The crowdfund went viral – we reached over 5,000,000 Facebook and Instagram users and drove over 45,000 unique visitors to the offering page per month. The ROAS of the social ads we ran averaged 12X. The social ads alone brought in $252,270 in investments with only a $21,030 spend. The offering was fully subscribed in just over 3 months, with a total of 2,178 investors from 13 countries and $1,070,000 in fresh capital raised. The company was saved.