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MySlabs isn't accepting new investments

MySlabs’ deadline was March 29, 2024

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MySlabs

Peer-to-peer collectibles marketplace with an unparalleled value proposition
Marketplace P2P Adtech Apps
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$56,702
Raised
106
Investors
Successfully funded and closed on March 29, 2024.
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Closed on March 29, 2024. Information may not be up-to-date. Campaign closed on March 29, 2024. Information displayed may not be up-to-date.
Opportunity Product Traction Biz. model Vision and strategy
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by MySlabs, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
MySlabs Crowd SAFE MySlabs CA .pdf
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Hear from some of the 106 people reserved or invested in MySlabs


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Highlights


  • Recognized as a best-in-class peer-to-peer platform
  • Since Jan of 2021 membership has grown from 12,000 to nearly 70,000 users
  • Since Jan of 2021 sellers have combined for nearly $80 million in GMV
  • Industry low fee model provides unparalleled savings for members
  • Continuous integration of new tools, data and resources into the platform
  • Bulk listing API enabling users to create and manage listings at scale
  • Strong reputation has facilitated partnerships with industry giants

Opportunity


The Problem... 

  • The rapid growth of the collectibles industry hasn't been without challenges for collectors and investors.
  • Peer-to-peer marketplaces and social media platforms have become a haven for bad actors and fraudulent activity.
  • Auction houses and consignment services provide safety but typically charge between 10% and 30%. They also inhibit the natural flow of the market by tying up liquidity for months at a time.

    Enter MySlabs...  

  •  Since launching in 2018 MySlabs has firmly established itself as one of the most trusted brands in the sports card industry with an unparalleled value proposition.
  • Vetting platform sellers and holding all users to the highest standard of conduct in the industry has all but eliminated instances of fraud.
  • An industry low fee structure allows MySlabs to pass significant savings on to its users with the added benefit of keeping more money in the market.
  • Through collaborations with key industry players MySlabs is continuously able to provide greater value to members.


Product


Online Collectibles Marketplace with Tools and Data Designed to Optimize the Hobby Experience for Users...

MySlabs Provides...

  • Industry Low Transaction Fees.
  • Unparalleled Vetting and Accountability.
  • High-Dollar Transactions Completed Quickly and Safely.
  •  Access to Market Data, Population Reports and Comparison Shopping Tools.
  • Integrated Shipping and Collectibles Insurance products.
  •  A Bulk-Listing API that enables dealers and individuals with significant amounts of inventory to easily create and manage listings at scale.
  • An Affiliate Program and Ad-Tech integrations designed to simultaneously increase and further monetize site traffic.

Traction


Growth & Efficiency...


  • MySlabs has acquired nearly 70,000 users despite an extremely limited marketing budget.
  • Since 2021 individual sellers have combined for nearly $80 million in GMV.
  •  Diversification of revenue streams through ad-tech integrations, affiliate partnerships as well as integrated shipping and collectibles insurance products.
  • By adhering to lean business principles and employing only industry veterans with strong collectibles backgrounds MySlabs has operated efficiently and maximized resources.
  • Voted "2022 Sports Card Marketplace of the Year" by the Neustreet Journal as part of their CollectTech Awards Summit

Business model


Exponential GMV Growth Possible Via Peer-to-Peer Auctions...

  • Since inception MySlabs has been a fixed-price marketplace only.
  • Auctions offer quick access to liquidity and have historically been the most popular avenue for buyers and sellers to transact online.
  • Marketplaces with the highest GMV in the space (eBay, PWCC, Goldin and Heritage) all rely on auction capability as a primary source of revenue. Recent data from their public sales archive shows that a leading marketplace's weekly auction sales volume is between 30 and 40 times that of its fixed-price marketplace sales.

Vision and strategy


Potential for Expansion into Tangential Markets...

  • Sports Memorabilia - Total core market (physical items) was valued at $12.2 billion in 2021 and is expected to grow at a CAGR of 15.6% over the 2022 to 2032 period
  • Collectible Coins/Currency - Total market was valued at $11.5 billion in 2020 and is expected to grow at a CAGR of 10.2% over the 2021 to 2027 period
  • Collectible Toys - Total market valued at $12.5 billion in 2021 and is expected to reach $35.3 billion by 2032

Moving Beyond Collectibles into a Full-Scale eBay Competitor...

  • Popular C2C (consumer to consumer) marketplaces like eBay, Mercari and Facebook Marketplace all exhibit many of the same pain-points across all product categories not just collectibles.
  • The broader C2C landscape is ripe for disruption via the MySlabs value proposition of vetting, accountability and industry low fees in very much the same way collectibles proved to be.
  • Launching the “MyStuff” brand within it's existing platform will enable MySlabs to leverage a built-in audience and loyal community for these new categories on day one.

Into the App Store...

  • Since launching MySlabs has been a web-based platform only. Building an app has the potential to grow awareness and participation exponentially.
  • The average adult spends 3 hours and 45 minutes on a mobile device daily. 
  • Mobile apps account for 70% of all digital media time.
  • People spend around 88% of their mobile time on apps only. 
  • Roughly 48% of users determine a brand's credibility via an app only.

The Proposal...

  • MySlabs is excited to launch its Republic approved crowd-funded round via a SAFE. This round of funding will provide MySlabs with additional engineering and marketing resources needed to accelerate the execution of it's short term road-map.
  • Because of the strength of it's brand and community, MySlabs is uniquely positioned to benefit from added platform capabilities like peer-to-peer auctions, improved margins, new product categories and favorable secular trends across not only collectibles, but the entire C2C (consumer to consumer) landscape over the next decade.
  • Given MySlabs' track record of supporting operational costs with revenues we feel that we offer a very favorable balance of growth and risk for stakeholders in any macroeconomic environment.

Deal terms


Valuation cap

$10,000,000

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

Minimum investment

$100

The smallest investment amount that MySlabs is accepting.
Learn more

Maximum investment

$1,000,000

The largest investment amount that MySlabs is accepting.
Learn more

Funding goal

$1.24M

The maximum amount the offering can raise is $1.24M.
Learn more

Deadline
MySlabs 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

Nominee Lead

Chief Executive Officer of the Company (Currently Ken Rodgers)

Will direct the Nominee on certain matters like voting, amendments and conversions affecting the security.
Learn more

How it works

Documents

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

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in MySlabs.
Invest
$10,000
Receive
  • Limited Edition custom MySlabs t-shirt and 1 day pass to the 2024 National Sports Collectors Convention
  • Limited (20 left of 20)
Invest
$25,000
Receive
  • Limited Edition custom MySlabs t-shirt and 5 day early entry access to the 2024 National Sports Collectors Convention
  • Limited (10 left of 10)
Invest
$50,000
Receive
  • Limited Edition custom MySlabs t-shirt, 5 day early entry access to the 2024 National Sports Collectors Convention and a dinner out with the MySlabs team at the National.
  • Limited (3 left of 3)

About MySlabs

Legal Name
MySlabs, Inc.
Founded
Sep 2023
Form
Delaware Corporation
Employees
8
Website
myslabs.com
Social Media
Headquarters
Google Map location of of MySlabs
51 5th Ave Apt 17B , New York, NY
Headquarters
51 5th Ave, Apt 17B, New York, NY, United States 10003

MySlabs Team
Everyone helping build MySlabs, not limited to employees

Profile picture of Ken Rodgers
Ken Rodgers
CEO
Profile picture of Emilio Masci
Emilio Masci
CFO
Profile picture of David  Owens
David Owens
Head of Social Media
Profile picture of John DeSilvio
John DeSilvio
CTO
Profile picture of Matt Greaney
Matt Greaney
COO
4 more team members
Ken Rodgers
CEO
Emilio Masci
CFO
David Owens
Head of Social Media
John DeSilvio
CTO
Matt Greaney
COO

Press

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Our Collectech Summit is the official Saturday night event of Collect-A-Con Dallas-Fort Worth, uniting collectors and tec...

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MySlabs

MySlabs successfully raised $56,702 from 106 investors on March 29, 2024
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