Scout aims to be the go-to experience for connected home security and related services. They believe home security is a trojan horse into the connected home - solving a known problem that people will pay for.
By creating an elegant end-to-end user experience, Scout looks to become a trusted brand at the core of the connected home. By curating the user experience for their users, they seek to demystify the internet of things for the mass market and put themselves in a position to sell additional products and services.
From purchase, to set up, to everyday use, Scout puts customers in the driver's seat.
Scout is completely wireless. It's portable from house-to-house. No long-term contracts or installers.
Ordering: Scout guides customers through an online system builder, identifying the equipment needs for their home. Orders are drop-shipped directly to the customer's door. They don't bother people with salespeople or installers.
Installation: The system is installed and tested via the user's smartphone - in real-time. The Scout app guides customers through setting up their security modes, adding additional users and customizing their notification settings.
Daily Use: The Scout system is accessible and controllable from anywhere in the world where the user has an internet connection.
Monitoring: Users can choose to self-monitor on Scout's 3G cellular backup plan or leave it to the pros with a 24/7 professional monitoring plan with police dispatch.
Integrations: Once installed, users can connect their Scout systems to Scout's various integrations. Scout is an official partner of Google Nest, Amazon Echo, Samsung SmartThings, IFTTT and LIFX.
Scout is more than hardware - it's a powerful software and service platform. They recently unveiled their Monitoring-as-a-Service product, decoupling the 24/7 monitoring product and offering it on top of Samsung SmartThings.
For a number of years, Dan and Dave lived in high-rise apartment buildings in Chicago. Security was not a concern, as each building had a doorman. When we moved into "up-and-coming" neighborhoods in Chicago, it was time to get security. We found a gap in the market when we realized that security companies were still selling the same outdated technology and multi-year contracts that our parents' generation bought into. There were no Nest or Apple quality devices in the category that appealed to us as young, on-the-go professionals. Thus, Scout was born. We've created a solution that addresses the needs of people that have long been underserved by traditional security.
Frequently Asked Questions
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 Scout Alarm. Once Scout Alarm accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Scout Alarm in exchange for your shares. At that point, you will be a proud owner in Scout Alarm.
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.
To make an investment, you will need the following information readily available:
- Personal information such as your current address and phone number
- Employment and employer information
- Net worth and income information
- Social Security Number or government-issued identification
- ABA bank routing number and checking account number (typically found on a personal check or bank statement)
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 go to your portfolio page.
Currently there is no market or liquidity for these shares. Right now Scout Alarm does not plan to list these shares on a national exchange or another secondary market. At some point Scout Alarm 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 Scout Alarm either lists their shares on an exchange, is acquired, or goes bankrupt.
You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.
This is Scout Alarm'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.
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 Scout Alarm’s profile.