Automating the Automotive Market
Amount Raised
$285,002
Investors
7
Days Left
Funded
Regulation D Offering
Vehicle safety recalls are at an all-time high. With more than 60 million vehicles recalled in 2014, dealerships are coming under fire from consumer groups and state attorneys – for selling vehicles with open recalls. Dealers put consumers at serious risk of injury and/or death and themselves in serious jeopardy of liability, when they sell vehicles with unrepaired safety recalls.
AutoAp’s Dynamic Recall Managementsm service provides auto retailers with a dynamic way to verify the safety recall status of their vehicle inventory and reduce risks associated with selling vehicles with open safety recalls.
With AutoAp's Solutions:
Dealers, rental car companies and fleet managers now have a way to verify their entire inventory every day for safety recalls, dramatically reducing their liability and consumers' / drivers' risks They also gain efficient access to consumers; increased service revenue; and a means to break free from diluted, expensive and low close-ratio third party lead generators.
“AutoAp, Inc. has introduced a very effective tool with several technologies not currently found in the automotive marketplace.” Brad P: Dealership principal & Industry Advisor
“AutoAp’s DRM Service is going to revolutionize the process of dynamically checking for open recalls in the automotive market.” Jon L.: Sold: Lexus & Toyota of Madison & is an Industry Advisor
The company raised seed capital (Jan. 2014) to develop and launch the consumer mobile app (June, 2014) and is raising Round 2 to ramp scaling.
In late 2014, an acute dealership (B2B) market need was discovered that the company was in a unique position to capitalize on using a core-competency.
Addressing this faster-to-scale opportunity has enabled the company to define, launch (Feb, 2015) and generate revenue from a second, cloud-based B2B service.
AutoAp’s disruptive solution automates safety recall information management.
Dealer service: Competitors all lack critical features that customers need to know the safety recall status of their inventory, every day: Corrected NHTSA & OEM data, Early Warning Alerts, Daily Updates, Automatic Verification, Easy-to-use Tool, Exception-based reporting, etc. And, none have safety recall data that is as accurate and timely as AutoAp's.
AutoAp’s Dynamic Recall Management (DRM) service is the first and only solution dealers can count on to reduce the number of vehicles with open safety recalls. DRM clients have achieved a reduction of vehicles with open safety recalls by more than 90%.
AutoAp’s just-launched Dynamic Recall Managementsm service is already being sold nationally, with some dealers paying one and two years in advance. Capital will be primarily used to scale this service – into the $600 million market.
Scale the DRM service.
Dozens of companies who do not offer AutoAp’s unique solution could acquire the company:
- Vehicle history reporting companies
- Dealership Management System providers
- Dealer software-automation companies
AutoAp has previously raised $185,000 from 6 investors in this offering since August 5, 2014, before being offered on the FlashFunders platform.
Please review the Term Sheet and Stock Purchase Agreement for specifics.
Mark has over thirty years of executive level leadership experience - including 11 years at Global 500 companies, including Northrop Corporation, where he built a 250-person business unit in two years. He also has 23 years of interim executive and business consulting. Mark has held several Interim executive assignments, from start-ups to a public company in CXO roles in several technology industries. One of these...
Expand BioMark has over thirty years of executive level leadership experience - including 11 years at Global 500 companies, including Northrop Corporation, where he built a 250-person business unit in two years. He also has 23 years of interim executive and business consulting. Mark has held several Interim executive assignments, from start-ups to a public company in CXO roles in several technology industries. One of these is Chrome Data Corporation which produces software for the automotive industry. Mark transformed the company from a one-product company (disk-based DOS program) to eight Windows and Web-based products and services, generating profits from the web in 1996. He has a degree in Physics and wrote “The Entrepreneur’s Survival Guide” used by thousands of business leaders to start and grow their companies as well as universities to teach entrepreneurship. He holds Patent # 4,631,583.
Collapse BioJames W Cruckshank is the Principal of consulting cfo llc. He was the Interim Chief Executive Officer at Monsoon Commerce. Previously, he joined Monsoon as Chief Financial Officer. Previously, he was the Senior Vice President and Chief Accounting Officer at The Greenbrier Companies, Inc., a NYSE-listed company with nearly $2 billion in revenue. Jim has over 30 years of accounting and finance experience across...
Expand BioJames W Cruckshank is the Principal of consulting cfo llc. He was the Interim Chief Executive Officer at Monsoon Commerce. Previously, he joined Monsoon as Chief Financial Officer. Previously, he was the Senior Vice President and Chief Accounting Officer at The Greenbrier Companies, Inc., a NYSE-listed company with nearly $2 billion in revenue. Jim has over 30 years of accounting and finance experience across various industries such as shipping, real estate, retail, construction, manufacturing and technology. Mr. Cruckshank is knowledgeable in IPO's, debt and equity financing, acquisitions and divestitures, post-acquisition integration, SEC and financial reporting, investor relations, internal controls, business plan development, financial modeling, and systems implementations. He has served as the Vice President and Chief Financial Officer at MathStar Inc.; Vice President and Chief Financial Officer of Synetic Solutions, Inc., and Vice President Finance at Christenson Electric, a US-based electrical contractors.
Collapse BioBob is a Managing Director and heads the Los Angeles office of Noble Financial Capital Markets, an East Coast based, research oriented Investment bank. Bob brings to Noble more than 28 years of progressively senior investment banking experience. Throughout his career, Mr. Campbell has focused on capital formation in both private and public markets, merger and acquisition representation, and a variety of financial...
Expand BioBob is a Managing Director and heads the Los Angeles office of Noble Financial Capital Markets, an East Coast based, research oriented Investment bank. Bob brings to Noble more than 28 years of progressively senior investment banking experience. Throughout his career, Mr. Campbell has focused on capital formation in both private and public markets, merger and acquisition representation, and a variety of financial advisory services. He obtained his Masters of Business Administration from UCLA Anderson School of Management and holds his Series 7, 59 and 63 FINRA securities licenses.
Bob began his financial services career in 1978 with the accounting firm of Peat, Marwick, Mitchell & Co. (now KPMG). From 1982 to 1995, he was a Senior Vice President of Corporate Finance with the Seidler Companies, a Los Angeles based investment bank and brokerage firm. From 1995 to 2003, Mr. Campbell was a Managing Director of Corporate Finance with L.H. Friend, Weinress, Frankson & Presson. Mr. Campbell joined B. Riley & Co. in 2003 as part of the firm's merger with L.H. Friend. He was the Chairman of the Audit Committee for a $200 million revenue Nasdaq listed company for over 15 years.
Bob DeKoning has a successful 36 year business career with strategic management experience; 17 years in the role of President and CEO. Previously as SVP and GM had P&L responsibility in companies as large as $4.0 billion and as small as $650 K. Served national business sectors as diverse as: automotive, health care, retail, entertainment, information technology and environmental services. Bob has Senior...
Expand BioBob DeKoning has a successful 36 year business career with strategic management experience; 17 years in the role of President and CEO. Previously as SVP and GM had P&L responsibility in companies as large as $4.0 billion and as small as $650 K. Served national business sectors as diverse as: automotive, health care, retail, entertainment, information technology and environmental services. Bob has Senior Executive leadership experience in public and private companies and is adept at driving and directing exponential revenue growth at emerging technology businesses with a strong bottom line orientation. He has raised $16 million in Venture Capital toward an IPO event; raised millions in debt financing and private equity investments and more than $6 million in local Angel fundraising efforts. He has a passion for strategic product marketing, engineering product development, scalable sales growth and driving operating efficiencies. He enjoys interacting collaboratively with customers, vendors and associates.
Bob has enjoyed considerable career success in taking emerging technology companies with less than $1.0 million in revenue and rapidly growing them to $4.8 million to $24 million in revenues (ADP, Unicru and Routeware) in less than 5 years. Moreover, has worked in top management positions in larger corporations while more than doubling revenues in less than 4 years (Rentrak, Tactix).
Mr. Lancaster is a highly successful, innovative and knowledgeable executive. After four decades, his entrepreneurial career culminated in the sale of his Lexus and Toyota dealerships to a Fortune 500 public company. Jon is a frequent guest panelist at national and international automotive industry conferences due to his broad-based technical understanding of the industry and how it fits into the global economy....
Expand BioMr. Lancaster is a highly successful, innovative and knowledgeable executive. After four decades, his entrepreneurial career culminated in the sale of his Lexus and Toyota dealerships to a Fortune 500 public company. Jon is a frequent guest panelist at national and international automotive industry conferences due to his broad-based technical understanding of the industry and how it fits into the global economy. Throughout his career, he has founded, purchased, operated, and sold several domestic and import dealerships. In addition to his personal investments, Jon extends his expertise by serving on a bank board and a holding company bank board. Jon graduated with a BBA from the University of Northern Iowa.
Collapse BioMr. Preble is the president of a Carr Auto Group, a $200 million company carrying Chevrolet, Subaru, Nissan and Vancouver Cadillac, GMC and Buick. Carr Subaru is the largest parts and service Subaru dealer in the Nation for 20 years and 23 year consecutive Chairman's Roundtable winner (top 20 dealer in US). Carr Nissan became Oregon's largest Nissan dealer in 7 months (2014). He was on the Board of Directors...
Expand BioMr. Preble is the president of a Carr Auto Group, a $200 million company carrying Chevrolet, Subaru, Nissan and Vancouver Cadillac, GMC and Buick. Carr Subaru is the largest parts and service Subaru dealer in the Nation for 20 years and 23 year consecutive Chairman's Roundtable winner (top 20 dealer in US). Carr Nissan became Oregon's largest Nissan dealer in 7 months (2014). He was on the Board of Directors (1997-2005) and currently an Advisor for Albertina Kerr Centers, a $28MM nonprofit organization committed to helping children and families in crisis. Brad has a Bachelor’s from Dartmouth (top 5% of class) and an MBA from Stanford (top 10% in class). Interests include skiing, golfing, fly fishing, and every other sport
Collapse BioDave has over 40 year’s high technology experience in various senior management roles in both Fortune 500 and start-up situations. His skills and experience include general management, business development, mergers and acquisitions, strategic planning, professional services, data services and mentoring. The experience is both domestic and international.
Dave has extensive experience in the automotive market and...
Dave has over 40 year’s high technology experience in various senior management roles in both Fortune 500 and start-up situations. His skills and experience include general management, business development, mergers and acquisitions, strategic planning, professional services, data services and mentoring. The experience is both domestic and international.
Dave has extensive experience in the automotive market and was part of the executive management team at ADP – Dealer Services that grew the business from $2 million to $750 million over his 27 years there, with the last 15 years being as a Sr. Vice-President. His education includes The University of Cincinnati and an executive MBA from Kellogg School of business at Northwestern University
Mark has nearly thirty years’ experience as a sales and marketing executive in the auto and heavy truck industry, recently retiring from Chrysler Corporation after 27 years. Mark held management positions covering virtually all areas of the sales and marketing division, including sales, service, parts, lease and rental and customer relations. For nearly 13 years, he was responsible for all Market Representation...
Expand BioMark has nearly thirty years’ experience as a sales and marketing executive in the auto and heavy truck industry, recently retiring from Chrysler Corporation after 27 years. Mark held management positions covering virtually all areas of the sales and marketing division, including sales, service, parts, lease and rental and customer relations. For nearly 13 years, he was responsible for all Market Representation and M&A activities covering a five state area for Chrysler, for 158 dealerships. Mark earned his bachelor’s degree in Business Administration from Oregon State University.
Collapse BioSteve is the Executive Director of the Oregon Technology Business Center. He is a veteran of three start- ups, and has more than 25 years of management experience in the software, service, and semiconductor test industries at companies such as Hewlett Packard, Integrated Measurement Systems, Cadence Design Systems, Mentor Graphics, Credence Corporation and Teseda Corporation.
He serves on the Workforce Innovation...
Steve is the Executive Director of the Oregon Technology Business Center. He is a veteran of three start- ups, and has more than 25 years of management experience in the software, service, and semiconductor test industries at companies such as Hewlett Packard, Integrated Measurement Systems, Cadence Design Systems, Mentor Graphics, Credence Corporation and Teseda Corporation.
He serves on the Workforce Innovation Board and as an Ex Officio member of the Board of Directors of the Software Association of Oregon. He holds a B.A. in mathematics from Reed College and a Masters of Science degree from Carnegie-Mellon University Graduate School of Industrial Administration (now The Tepper School of Business).
John is a business advisor who helps owners and principals build companies by bringing in best practices that are needed to achieve growth. John helps companies improve key functional areas including Leadership, Strategy, Finance, Sales, Marketing, Technology, Human Resources, and Operations. Prior to his business advisor practice, John was the co-founder and CEO of Employment Trends, a highly respected staffing...
Expand BioJohn is a business advisor who helps owners and principals build companies by bringing in best practices that are needed to achieve growth. John helps companies improve key functional areas including Leadership, Strategy, Finance, Sales, Marketing, Technology, Human Resources, and Operations. Prior to his business advisor practice, John was the co-founder and CEO of Employment Trends, a highly respected staffing services company in Portland Oregon. John led the company to $14M in sales and sold it on record earnings. The company was listed on the Inc. 500 and the #1 Best Company to Work for in Oregon. John holds a bachelor’s degree with Honors in Quantitative Economics/Decision Science from the University of California, San Diego.
Collapse BioManoj Garg is a founder and Managing Partner of Virtual Information Executives, LLC (VIE) and has over 25 years of senior executive leadership skills and technology management experience with domestic and international operations. Manoj's prior experience includes executive roles in Large Scale Technology Infrastructure Management, Outsourcing Management, Information Security Management, Program Management and...
Expand BioManoj Garg is a founder and Managing Partner of Virtual Information Executives, LLC (VIE) and has over 25 years of senior executive leadership skills and technology management experience with domestic and international operations. Manoj's prior experience includes executive roles in Large Scale Technology Infrastructure Management, Outsourcing Management, Information Security Management, Program Management and Enterprise Resource Planning. He has significant outsourcing experience and has delivered successful projects in many overseas locations including Brazil, Argentina, Egypt, Australia, India and China. Manoj has earned an MBA specializing in Finance and Entrepreneurship from University of Rochester, an MS in Computer Science from University of Pittsburgh and a B. Tech. in Electrical Engineering from the Indian Institute of Technology, Bombay, India. He serves on numerous advisory boards.
Collapse BioJon Lancaster, AutoAp’s lead investor, is a dealership thought-leader and strategic advisor, having built and run his dealerships for more than 30 years:
Throughout his career, he has founded, purchased, operated, and sold several domestic and import dealerships. Jon graduated with a BBA from the University of Northern Iowa.
The Opportunity “It is a solid business opportunity in an extremely large market.”
“AutoAp is a much needed and timely marriage of consumer focus and enabling technology, with the viral potential to absolutely change the landscape.”
“AutoAp will deliver on an unfulfilled market opportunity.”
“AutoAp provides a channel to connect private party vehicle owners to the additional dealer services.”
“AutoAp delivers a service that is not available in the market.”
The Leader/Team “This is an opportunity whose time has come, driven by a team of Management, Advisors and Directors that possess a wealth of industry experience and knowledge.”
“I invested because of Mark Paul: Mark is supremely qualified to be CEO and is absolutely motivated to see AutoAp succeed!”
“Mark Paul has a rare combination of strategic insight, analytical decision making, and an amazing ability to execute.”
“I have 100% trust in both Mark’s abilities and integrity.”
The same thing is occurring with mobile. At the moment, leading edge thinkers are ‘appifying’ their websites and adding a few mobile features, like “geo-locate the nearest dealer”. As companies start recognizing the power of person-to-person (i.e., ubiquitous) computing, networking, geo-location and social networking, companies like AutoAp – who are integrating these latest technologies – will become acquisition targets.