
Lynq
Real-time, dynamic location, anywhere under the sky. No phone, network or map required.
Current devices fall short in crucial situations: when with a child or pet, in large crowds, the great outdoors and caring for those with special needs. Not subject to limitations such as signal, maps, active participation, battery life and low range, Lynq redefines location, creates a new benchmark for reliability and is the only solution available for groups.
In addition to direct sales, Lynq will be available for daily rental at events and venues (i.e. cruises, amusement parks, ski resorts, festivals) under a revenue share model. At a BOM that drops under $20, a lifetime value per rental unit of $600 and a purchase price of $59, we are able to achieve margins greater than 60%.
Lynq has an 8 FTE team, a prototype, B2B order commitments, is patent pending and expected to launch in July 2016.
Founders
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CTO
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Marketing
(Current) Founder @Lynq, Head of Marketing & Branding @Mercy Nutraceuticals, Brand Development & IP Law @Hearst
Funding
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SeedFeb 26, 2015$240,000
INVESTORS from previous rounds
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Investor
Cofounder/chief architect of@WebLogic . 13yrs investor/advisor (Jive, Nutanix, Sentient, StackExchange, Mint). Former CTO-in-Residence Accel and Azure.
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Investor
LocalVox CEO, Founder/Chairman of@Bond Street Group, prior Pres/COO of Heavy.com. Media & Tech CEO w/ success building and managing large sales organizations
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Investor
Serial Entrepreneur. Founder@Genesis Media @Pypestream@Joinem @SouthWinston Investor@RealConnex.com @3FLOZ @Lynq@Worlds.Passionate technologist
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Investor
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Investor
Team
EMPLOYEES
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Lead Engineer
Electrical engineer, inventor, builder of wonderful things featured in PopMech, TC and Motherboard. Adafruit alum.
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Head of Business Development
BD @Lynq, Global Director for@Saatchi and Saatchi, Founder of VAV, Alumni @The Wharton School Of Business At The University Of Pennsylvania
ADVISORS
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Advisor
Cofounder/chief architect of@WebLogic . 13yrs investor/advisor (Jive, Nutanix, Sentient, StackExchange, Mint). Former CTO-in-Residence Accel and Azure.
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Advisor
LocalVox CEO, Founder/Chairman of@Bond Street Group, prior Pres/COO of Heavy.com. Media & Tech CEO w/ success building and managing large sales organizations
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Advisor
Serial Entrepreneur. Founder@Genesis Media @Pypestream@Joinem @SouthWinston Investor@RealConnex.com @3FLOZ @Lynq@Worlds.Passionate technologist
ATTORNEYS
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Attorney
Lynq is a one-button wearable that allows individuals and groups of up to 5,000 to locate one another in real-time up to 5 miles; NO phone, cell service, data, Wi-Fi or BlueTooth required.
See Campaign: https://angel.co/lynq?utm_source=trending
Contact Information:
Justin Lange
Jonathan Murray
Dave Shor
Tags:
AngelList, Equity, Seniors, United States, Consumer, English, Industry verticals, Regions, Types of Crowdfunding deal, Language, New York

Source: ICNW
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