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PromoDrone

Operating

Promo Drone Inc.

Software & AI · San Diego, DE · Founded 2016

Creates engaging aerial advertising drones, designed to help brands reach wider audiences

Post-money valuation ⓘ
$24.7M
As of Nov 2021 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$33,754
Crowd $33K · Private $527 · 2 rounds since 2019
Latest share price
$4.19
Reg CF · Common Stock · Aug 2021 offering price

Financials

FY2019–FY2022 · from SEC filings · hover any figure for its source
$2K
−$12K
2019
$7K
−$13K
2020
$14K
−$32K
2021
$4K
−$48K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
FY2021
FY2022
Income statement
Revenue
$2,372
$6,624
$13,600
$3,526
Cost of goods sold
$1,678
$5,523
$5,701
$0
Gross margin
29%
17%
58%
100%
Net income
-$11,898
-$12,868
-$32,383
-$47,913
Taxes paid
$0
$0
$2,022
$800
Balance sheet
Cash
$14,659
$6,777
$6,274
$22,614
Accounts receivable
$0
$0
$0
$3,799
Total assets
$21,364
$13,482
$8,766
$28,904
Short-term debt
$0
$0
$5,300
$5,300
Long-term debt
$52,000
$5,300
$0
$0
Total liabilities
$52,000
$5,300
$5,300
$5,300
Other
Headcount
—
2
1
1

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$24.7M
pre-money
Reg CF · Common · Aug 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

log scale
$4.19$0.0205$0.0001
Oct 2019Aug 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $33.2K / $1.1MInvestors 45Post-money $24.7M

Team

11 people
Jamar S WilliamsFounder
Founder & CEO

Jamar is a FAA Certified Remote Pilot in Command and a creative visionary with demonstrated success in entrepreneurship, innovation and creation, drone operations, and business development. His early career was founded on important financial perspectives as an executive in the financial services industry where he successfully managed teams as large as fifteen employees as a Branch Manager of several banking institutions. He is a natural creator and a leader that finds inspiration in empowering others. As a banker at several Fortune 500 institutions as well as owner of Dream Shore Studios, Jamar has honed his business development and corporate communication skills and generated over $10 million in new money and lending and more recently has sourced and managed the production of many cinematic projects that have been featured for high profile commercial real estate brokerages and businesses throughout Southern California. Jamar has an extensive background in B2B sales and relationship management and is an expert negotiator and presenter. In his roles as Founder and CEO of PromoDrone, Jamar dedicates his time in-full to executing core company strategies and has generated more than $150k in income to launch, grow, and prove PromoDrone’s business model. Jamar co-designed and launched the commercial banner prototype currently in operation, the PD-Hex Frame, which is gaining global traction, PR attention, and licensing contract opportunities. He is also a community leader and industry advocate and serves on the board of the San Diego Parks Foundation. Jamar is an alumni of the ConnectAll@The Jacobs Center and Inner City Capital Connections business accelerators and was recently featured on Fox 5 San Diego, The San Diego Business Journal, as well as iHeartRadio’s “CEO’s You Should Know” series. To date, Jamar has used his management skills as well as his resourcefulness and lean approach to operations to hit significant product R&D, infrastructure, and KPI milestones at PromoDrone.. These include the design and procurement of the next-generation digital display & A.I. platform, securing a global licensing deal in Guam, acquiring the first reseller, and the filing of a non-provisional patent, all through proactive leadership. Jamar is a networking and relationship expert and has assembled the PromoDrone “Avengers” to offer counsel in strategic decision making and company growth plans. Jamar’s passion, experience, and vision, combined with team member contributions, has propelled PromoDrone to becoming the number one drone advertising and technology company in the world and will take the company to even greater heights in the future.

Joree Weatherly
Director of Brand Development

Joree is a generalist with demonstrated success in marketing, business development, leadership, drone operations, accounting, as well as hospitality. He is an operator and entrepreneur who is just as comfortable behind a spreadsheet as he is on stage pitching his company. He was first drawn to sales working in the home security, telecom, and building products industries in both B2C as well as B2B capacities. Most notably leading a team of 6 that produced just shy of $3MM in revenue in his final year in the building products industry. As an entrepreneur Joree founded Primal Peak Productions a media production, branding, and marketing strategy agency that advises small businesses. A product of multiple business accelerators he also advises on lean startup methodologies as well as the adoption of NFT solutions into common business practices. Primal Peak Productions has worked with companies in the outdoor adventure, hospitality, fashion, real estate, and art industries. Joree continues to operate Primal Peak Productions on a part-time contractual basis. Also an FAA Certified Remote Pilot in Command, Joree started as PromoDrone’s first pilot and has had the pleasure to fly in some of San Diego’s most exclusive locations. With hundreds of hours on the sticks Joree is a pilot that focuses on safety throughout the entire flight process, from initial customer outreach, through pre-flight planning, to on-site logistics. Mid 2020 after a personnel shift, Joree stepped up to lead the company’s marketing efforts. Since then, Joree has organically grown PromoDrone’s community by over 200%, including over 4000% growth in followers on Linkedin, PromoDrone’s most engaged community, since the beginning of 2021. As the Director of Brand Development at PromoDrone, Joree designs and implements operational systems to ensure streamlined workflows and SOP’s across the organization. Aside from advising on marketing and brand positioning, he has also developed and leads the sales and marketing intern teams which continue to create, analyze, and implement an omni-channel content strategy. He is the liaison between PromoDrone's product, sales, marketing, finance, Board of Directors, and the C-Suite ensuring a high level of internal communication. He has worked closely with Jamar to establish a company culture of motivation, accountability, and open dialogue. Externally, he focuses on business development in both customer discovery as well as strategic partnerships and investor relations. Joree is an operations and marketing strategist that is excited to change the landscape of the experiential marketing industry.

Alex Resnick
Sales Strategy Advisor

Alex Resnick is the Founder & President of Evolve Leadership, who's core mission is to "be the help you wish you had." Evolve provides the essential Sales & Leadership training and coaching startups need to be successful. Alex spent the last 14 years in sales, consulting and training. He worked with both large global organizations to small rapidly growing startups, selling SaaS and other services across SMB, midmarket, and enterprise. Throughout his time as a quota carrying sales professional, Alex also took on multiple corporate trainer, sales coaching and management roles. Outside of his corporate experience, Alex started companies of his own, and developed and brought products to market. Evolve was born out of combining his passion for teaching, consulting and coaching with his love for entrepreneurship and working with early stage startup teams.

Jeff Kulbeck
Brand Strategy Advisor

As an Avenger for PromoDrone, Jeffrey Klubeck’s alter egos will be “Captain Communication” or “Super Soft Skills Man!” Utilizing his Masters in Communication, 20-years of experience as an Adjunct Professor of Communication and, most importantly, nearly 15 years experience Coaching, Speaking, Training and Consulting with Entrepreneurs around the world, Mr. Klubeck will either oversee or impact every aspect of the company where “effective communication” is required. Functional areas where Jeff will contribute may included but is not limited to: Executive Coaching, Training/Development, Branding (internal and external) Communication, Sales/Influence Training, Leadership Training (Employee Engagement, Motivation and Accountability), Strategic Staffing/Team Building, Succession Planning, Performance Management and Spokesperson/Public Relations duties. Jeffrey Klubeck has over 20 years of experience serving the Organizational Development needs for companies of all sizes. In 2006, he founded Get A Klu, Inc., an active Personal/Professional Development Company currently serving 100’s of Entrepreneurs, Small and “Micro” Business Owners, and Adult Learners. As a personal and business Coach, Jeffrey has mastered his ability to help professionals grow through any circumstances using transformative, strategic problem-solving techniques as well as honest and powerful accountability effectiveness. Jeffrey’s insights and motivation transform individuals and organizations through applications of leadership education and the lasting impact of the coach/client relationship. Jeffrey also has nearly a decade of practical experience in strategic staffing as both an agency and human resources recruiter. Additionally, As an Adjunct Professor of Communication in the San Diego Community College District, Jeffrey taught Public Speaking, Argumentation, Critical Thinking and Group Interaction to adult learners for 20 years. In 2011, Jeffrey developed “The Integrity Game” (coaching methodology) and has begun training individual Coaches, Business Owners and Management-Level Professionals on the skills and techniques of Individual and Group Motivation, Behavioral Intervention, Accountability and Task Management/Personal Productivity! Jeffrey is also Co-Founder and former CEO of sideXside, LLC which served as parent company of the Secret Knock, Prosperity Camp and Mastermind Association Brands in the Personal Growth Industry. Merging all of these experiences and skills together has allowed Jeffrey to work with dynamic organizations around the globe including: State Farm Insurance, Farmers Insurance, Brian Tracy International, JP Morgan/Chase, Dow Pharmaceutical Sciences, Ethicon (a Johnson & Johnson Company), King Pharmaceuticals, Biogen/Idec, Altera Corporation, Tanner EDA, Aztec Shops, Ltd., Higgs Fletcher and Mack, LLP, Century 21, Radiant Technologies, Chef Works, Inc., MHM Glass Etching, TGB Architects, Boulder Sausage, and many more!

Jeff Symington
Financial Strategy Advisor

20+ year career in finance, strategy, and operations. Recovering entrepreneur that has walked in your shoes. Experienced in scaling for rapid growth, navigating through sudden downturns and everything in between. Partnering with CEO’s to develop and execute their vision is what drives me.

Jeremy Sanders
Financial Strategy Advisor

Jeremy has over 12 years of international CFO experience, ranging from startups to multinational turnarounds, and oversight of budgets up to $130 million. He has provided advisory and CFO services, training, and support to businesses in more than 16 industries. Jeremy’s advanced skills include: corporate finance leadership, multinational supply chain management, strategy development, ERP and systems implementations, transformational leadership, innovation commercialization, complex org structures, fundraising, and audit management. From 2008 to 2012, Jeremy turned around the North American distribution of CITIZEN® brand calculators from a $1.5 million loss to a $500,000 profit. Simultaneously, he led the international growth of medical product distribution company CITIZEN Healthcare, Inc., introducing 12 new brands in more than 6 countries. In 2013, he created the financial model that led to the IPO for American Brewing Company. The following year, Jeremy co-founded Ideator, the innovation network platform used by UCSD, UCLA, USC, Yale, Salesforce, and several other organizations. Jeremy has served as a consulting CFO for growing organizations since 2016, and he actively leads teams of subject matter experts to document, develop, and implement best practices in financial management for disruptive startups and other technology-focused companies. With a passion for service, Jeremy mentors transitioning Navy SEALs, PhDs, and other exceptional entrepreneurs. He holds a master of accounting degree, a bachelor of finance degree and has also earned the credentials of Certified Fraud Examiner and Registered Investment Advisor Representative.

Lydell Aaron
Drone systems and Product Development Consultant

Lydell Aaron is a computer engineer with experience in flight critical systems and software development for military drones and a growing number of commercial drone projects. Lydell joins PromoDrone as a member of Calective, a California LLC he founded in collaboration with business partner Ben de Villa. Calective maintains an ISO 9001:2015 facility for design, integration, assembly and manufacturing of autonomous drones and waste energy systems in San Diego, California. Lydell helps companies accelerate their ideas into market-ready products. In addition to building drones and autonomous systems, my interests are in influencing our value systems by building a system to turn human and food waste into energy, creating tools to analyze conflict and propose solutions by mathematically modeling the quantum nature of human emotion, and building platforms that helps people find work.

Mark Fackler
Executive Advisor

Mark Fackler leads the Vistage CEO group that he was a member of from 1991 to 2002. This group changed his life. The investment of time and money proved to be the best ROI he has ever made. He grew company revenues to $50,000,000 while in Vistage. Mark is now passionate about creating great ROI for his member CEOs. Mark is foremost a husband and father. He has been married to his wife Kathy since 1987. Their two sons, Steven and David, were born in 1990 and 1992 respectively. Steven is a Computer Scientist. David is a Data Scientist. Mark and Kathy split their time between La Jolla, California and Durango, Colorado. Mark, born in 1958 in Wheaton, Illinois, a suburb of Chicago, spent most of his childhood there until moving to Scottsdale, Arizona, where he finished his senior year of high school. He attended the University of Arizona graduating with a BA in 1980. He majored in Economics and also studied Computer Science and Psychology. Mark started his professional career as a software engineer. Three years later, he founded Stellcom, a hardware and software services company. Over the next 16 years, Mark grew the company guided by the Core Values of 1) Honesty 2) Life Balance, and 3) Continual Improvement. Stellcom received many awards including twice being named to the INC 500. In 2000, Mark hired a new CEO, sold some of his equity and retired. Vistage was key to his success. Without this just-in-time learning, Mark would never been able to navigate the rapid growth and the dynamic complexity of business. His lessons were hard fought and now he is passionate about helping other CEOs thrive in their businesses via the Vistage model. Mark also mentors, on a pro bono basis, a group of MBA students from the Rady UCSD Business School. For more information, see https://markfackler.com/#vistage. Mark is Treasurer and sits on the board of Saferparks, an organization dedicated to amusement park safety. He is currently a partner of San Diego Social Venture Partners, an organization dedicated to philanthropy in San Diego. He served as Chairman for 3.5 years and as a board member for 6 years. Mark also served as President for 7 years and a board member for 11 years at TKF, an organization dedicated to a world free from youth violence. In his spare time, Mark enjoys training for Ironman distance triathlons. Since 2002, he has completed 8 full and 18 half Ironman races.

Oralia Alvarez
Business Strategy Advisor

I am a sales professional and real estate investor turned angel investor. Proud and honored to be a part of an innovative entrepreneurial ecosystem committed to create a thriving and inclusive economy.

Show 2 more people
Sandeep Shah
A.I./ML Advisor/Developer

Combining extensive technology expertise with deep business knowledge to solve complex problems is my passion. Growing business value by aligning technology with corporate vision is my specialty. A powerful technologist, creative strategist and trusted business partner, I work across the entire product life cycle to ensure successful communication and integration at every touch point – systems, processes and people. A high energy, forward thinking leader, I have built and led successful organizations worldwide that are founded in excellence and positioned for long-term success. Deep understanding of application development life cycle with a broad understanding of entire production environment. GLOBAL LEADERSHIP Managing a cross matrix team of employees, with oversight across multiple organizations, including Compliance, Legal, Record and Information Management, Risk and Security Technology. Specific regions include: Mexico, Brazil, India, England and Singapore. OPERATIONAL EXCELLENCE Reduced IT Operations through cloud migration, HR/Payroll IT expenses through increase in offshoring and near sourcing resources, variable rate reductions and infrastructure reductions. Reduced contingent workforce spend by converting, releasing and renegotiating premium contractors. COMPLIANCE AND RISK LEADERSHIP Saved millions by rationalizing applications and converging common capabilities onto SharePoint, Confluence, Jira and other platforms for the Governance, Risk and Compliance. Capabilities that Drive Profitable Business Growth Global Executive Leadership − IT Strategy − Digital Technologies | Cloud − Big Data | Data Analytics | Budget Management − Software-as-a-Service − Agile Development − Risk | Compliance | Security − Vendor Management − Program Management − DevOps (CI, CD) − Operations Management − Service Delivery − Infrastructure | BPO − Change Management − SOX, Basel, GDPR and HIPAA

Steve Morely
Business Strategy Advisor

Steve Morley has been a serial entrepreneur for more than 40 years and has founded, advised to, or consulted with more than 125 startups and early stage companies. His most successful startup was Qualcomm where he was employee #10 and spent 20 years developing a number of businesses for that company including the integrated circuit business which now generates more than $20 billion in annual revenue. He has worked for industry luminaries including Paul Allen and George Lucas in a variety of product and business launches. He started his career as an electrical engineer with a Master's degree from Stanford University and holds more than 25 patents in wireless communication systems and video processing. He has been an angel investor for several companies and an investor in three venture capital funds.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiled Form C-TR (terminated reporting)

Filed 2 of 5 annual reports (FY2021–FY2025)

45 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-TRApr 12, 20240001665160-24-000347
    EDGAR
  • Form C-ARApr 26, 20230001665160-23-000849
    EDGAR
  • Form C-UOct 6, 20220001665160-22-002628
    EDGAR
  • Form C-ARJul 15, 20220001665160-22-002032
    EDGAR
  • Form C-UNov 12, 20210001665160-21-002008
    EDGAR
  • Form C/ANov 2, 20210001665160-21-001950
    EDGAR
  • Form CSep 1, 20210001665160-21-001571
    EDGAR
Source: ManualCIK 0001881157DEShare price $4.19

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.