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About Aerobo

Aerobo is a technology-enabled drone service provider.  Aerobo strives to be the market leader in providing professional, premium aerial video services to large enterprise clients.  

  • DaaS opportunity: Aerobo is an early provider in the drones-as-a-service (DaaS) market. The drone services industry is in the early innings, as commercial use of drones was only first permitted by the FAA approximately 18 months ago. Frost & Sullivan, Goldman Sachs, PwC, and other industry analysts estimate that the DaaS market will become a multi-billion dollar industry in the next few years.
  • Growth trajectory: Aerobo has continued to grow in 2016 after launching in 2015, with Aerobo predicting its Q2 revenue to grow 350% from 2015 (note: based on Q2 recognized revenue and bookings through May, does not include pipeline). In Q2, Aerobo serviced blue-chip clients including but not limited to Fast and Furious 8 (film), Red Bull (extreme sports), Halstead (real estate),  and CNN and NBC (news).
  • Business model: Aerobo plans to scale nationally and build a leadership position in the drone services industry. Aerobo plans to do this by leveraging a national network of freelance operators, significant experience in professional videography, and proprietary technology that enables heavy camera equipment and complex tasks.  Aerobo is focused on exceptional quality and customer service so that the technology can be used to its fullest potential.
  • Pilot network:  Aerobo has a database of freelance drone operators, each of whom Aerobo has vetted by reviewing the pilot's license and medical certificate, conducting an interview, and evaluating reels and prior work.  Once Aerobo verifies these certifications and skills, the company will work with the pilot preliminarily on lower-priced, less complex engagements.  Over time, Aerobo's most skilled and reliable pilots gain responsibility.  Aerobo plans to spend a portion of the proceeds from this fundraise to equip several pilots with additional hardware.

Product & Service

  • Hardware Overview: Aerobo owns and operates 16 drones. Its three largest drones can weigh up to 55 pounds (depending on payload) and have been built in-house by the team's engineers. These systems are designed to carry heavy, complex camera systems and long lenses. Aerobo also owns and operates a range of small and medium sized drones that have been built or modified in order to meet common customer needs.
  • Proprietary Technology: Additionally, Aerobo has spearheaded two new drone technologies. The first, the Aerobo Mini, is a lightweight system that is optimized for live broadcast to minimize the video transmission break-up that occurs with consumer and prosumer drones. The second, the Omni Gimbal,* is a camera stabilization system that takes out weight and improves the drone's battery life (relative to off-the-shelf gimbals), while also improving stability. Aerobo is exploring patents for both of these systems.  Additional details on these two technology projects can be found in Aerobo's investor deck.

    *Capability is proposed, and does not represent a current, developed product.

Media Mentions

Team Story

Aerobo was originally founded by Brian Streem and Jeff Brink, who became fascinated by drones as a way to maneuver a camera anywhere in three dimensional space.  With deep experience in film, Brian and Jeff understood the high cost and technical limitations of alternatives such as helicopters and land-based rigs.  Brian and Jeff were originally interested in being customers of a high quality drone service provider.  When they saw that none existed, they set out to build their own.

Meet the Founders

Brian Streem

CEO & Co-Founder

Before co-founding Aerobo, Brian founded AFOG, a creative production studio focused on film and visual media projects. He has produced five feature films, including "James White," a Sundance Film Festival winner, and commercials for Gatorade, Ralph Lauren, Prius, Nokia, Samsung and more. Brian received his BFA from NYU's Tisch School of the Arts in Film and TV Production.

Jeff Brink

Director of Flight Ops & Co-Founder

After working professionally for several years,  on productions ranging from indie films to big budget Hollywood movies and television shows, Jeff started Aerobo with Brian and ventured into the world of aerial UAV/drone cinematography. Since co-founding Aerobo, Jeff's credits as an aerial drone cinematographer include: Roots (2016); Underground (2016); Billions (2016); Scorpion (2016); and The Space Between Us (2016). Jeff received his BFA from NYU's Tisch School of the Arts in Film and TV Production.

Matt leads Aerobo's fundraising and strategic partnership efforts.  Matt previously worked for AEA Investors, a leading middle market private equity firm focused on consumer products and business services; Emprego Ligado, a high growth mobile technology startup where he focused on business analytics; and L.E.K. consulting, where he completed numerous projects for Fortune 500 clients.  Matt graduated cum laude from Yale University with a degree in Sociology.

Prior to Aerobo, Jon helped build the sales & account management teams and processes at MojoMotors.com. Jon brings a mix of experience in growing & scaling startups, marketing, sales, project management and knowledge of composite technology.   Jon graduated with a BS in marketing from Fairfield University.

Brian Streem

CEO & Co-Founder

Before co-founding Aerobo, Brian founded AFOG, a creative production studio focused on film and visual media projects. He has produced five feature films, including "James White," a Sundance Film Festival winner, and commercials for Gatorade, Ralph Lauren, Prius, Nokia, Samsung and more. Brian received his BFA from NYU's Tisch School of the Arts in Film and TV Production.

Jeff Brink

Director of Flight Ops & Co-Founder

After working professionally for several years,  on productions ranging from indie films to big budget Hollywood movies and television shows, Jeff started Aerobo with Brian and ventured into the world of aerial UAV/drone cinematography. Since co-founding Aerobo, Jeff's credits as an aerial drone cinematographer include: Roots (2016); Underground (2016); Billions (2016); Scorpion (2016); and The Space Between Us (2016). Jeff received his BFA from NYU's Tisch School of the Arts in Film and TV Production.

Matthew Levinson

CFO

Matt leads Aerobo's fundraising and strategic partnership efforts.  Matt previously worked for AEA Investors, a leading middle market private equity firm focused on consumer products and business services; Emprego Ligado, a high growth mobile technology startup where he focused on business analytics; and L.E.K. consulting, where he completed numerous projects for Fortune 500 clients.  Matt graduated cum laude from Yale University with a degree in Sociology.

Jon Ollwerther

CMO

Prior to Aerobo, Jon helped build the sales & account management teams and processes at MojoMotors.com. Jon brings a mix of experience in growing & scaling startups, marketing, sales, project management and knowledge of composite technology.   Jon graduated with a BS in marketing from Fairfield University.

Key Team Members

Suresh Kumar

Lead Aerospace Engineer

Ken Lorell

Senior Aerospace Fellow

Mike Ferguson

Chief Pilot

Steve Strazza

Sr. Account Executive

Phil Salisbury

Mechanical Engineer

Frequently Asked Questions

Making an Investment in Aerobo
How does investing work?

When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Aerobo. Once Aerobo accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Aerobo in exchange for your shares. At that point, you will be a proud owner in Aerobo.


What is the difference between preferred equity and a convertible note?

Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.

A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.

To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.


What will I need to complete my investment?

To make an investment, you will need the following information readily available:

  1. Personal information such as your current address and phone number
  2. Employment and employer information
  3. Net worth and income information
  4. Social Security Number or government-issued identification
  5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

What if I change my mind about investing?

Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please email us at cancellations@seedinvest.com. Please include your name, the company's name, the amount, the investment number, and the date your made your investment.


After My Investment
How can I sell my shares in the future?

Currently there is no market or liquidity for these shares. Right now Aerobo does not plan to list these shares on a national exchange or another secondary market. At some point Aerobo may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Aerobo either lists their shares on an exchange, is acquired, or goes bankrupt.


How do I keep track of this investment?

You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.


Other General Questions
What is this page about?

This is Aerobo's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.


What are the risks of this investment?

This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in Aerobo’s profile.