Disclosure
Zahar: Hykso targets women aged 25 to 40 for fitness
“Right now, the target market when it comes to the users is actually women between 25 and 40 years old. They're the big market when it comes to fitness.”
Assertion Not checkable as stated
Zahar: HBO spent two years trying and failing to build punch-tracking tech
“We know HBO worked for two years on a similar product, wasn't able to pull it off.”
Prediction Not checkable as stated
Zahar: Hykso's LOIs will turn into contracts within 4.5 months
“I think those will actually be done you know, I'd say six weeks after first shipment. So I'd say within the next four months and a half.”
Assertion Not checkable as stated
Zahar: FightCamp brings in over $100K monthly subscription revenue
“So in subscription, we're making more than a 100,000 a month.”
Assertion Not checkable as stated
Zahar: FightCamp generates over $300K per month in hardware sales
“And then in hardware, we make upward of 300,000.”
Disclosure
Zahar: FightCamp is self-funding growth and not raising capital
“No, I mean, like it's a, again, it's a, we're in a lucky position where, you know, we kind of self-fund our growth right now.”
Disclosure
Zahar: Hykso targets women aged 25 to 40 as core user base
“Right now, the target market when it comes to the users is actually women between 25 and 40 years old. They're the big market when it comes to fitness.”
Assertion Supported
Zahar: HBO spent two years failing to build boxing motion tracker
“We know HBO worked for two years on a similar product, wasn't able to pull it off.”
Assertion Supported
Zahar: Hykso developed wearable technology with Canada's national team
“Because we were working with the national team of Canada, they needed very high accuracy.”
Assertion Not checkable as stated
Zahar: Hykso signed LOIs including Title Boxing Club
“So we signed two LOIs, and one was actually with the fastest growing franchise in 2015 in the US.”
Assertion Not checkable as stated
Zahar: Hykso sold 2,500 units for $360,000 in pre-order campaign
“We decided to do a pre-order campaign, ah, that was in March, and we sold, ah, in four months, we sold 2500 units. It's 360,000 dollars.”
Assertion Not checkable as stated
Zahar: Hykso landed cost for sensor pair is $32
“32 dollar landed.”
Assertion Not checkable as stated
Zahar: Arrow financed Hykso's first production with $175K line of credit
“Arrow is our manufacturing partner, ah, and they finance the first production run. ... So they offer a line of credit of a 175 K”
Disclosure
Zahar: Hykso raises $500K on $4M SAFE valuation cap
“500 K, and we raise under a safe cap at four million.”
Assertion Supported
Zahar: FightCamp raised $900k in three months for pivot
“So we ended up closing 900 in three months instead.”
Assertion Not checkable as stated
Zahar: FightCamp's early demand test yielded 4 conversions from 1,000 leads
“I think we tested it with like a thousand people out of the 7000 emails we had, and I think we had like, you know, like three or four conversions, like very little.”
Assertion Not checkable as stated
Zahar: FightCamp signed up 300 consumer subscribers in one month at $39/month
“For one person. Like, it's like we just got, by then we had like 300 people commit to a sign up. It's like we had, you know, 220 gyms.”
Assertion Not checkable as stated
Zahar: FightCamp converted 108 users at $39/month on launch day
“A 108. You know, a 108 people paying 39 dollars a month on a regular basis. That was a huge deal. That like almost equated the amount of gyms that we had that were paying a subscription.”
Assertion Supported
Zahar: Hykso developed wearable tech with Canada's national team
“Because we were working with the national team of Canada, they needed very high accuracy.”
Assertion Not checkable as stated
Zahar: Hykso sold 2,500 units for $360,000 in a pre-order campaign
“Basically, when we learned that the sales cycles were so long, that was actually last January, we decided to do a pre-order campaign, ah, that was in March, and we sold, ah, in four months, we sold 2500 units. It's 360,000 dollars.”
Assertion Not checkable as stated
Zahar: Hykso's sensors cost $32 landed to manufacture
“32 dollar landed.”
Assertion Not publicly verifiable
Zahar: Arrow Electronics financed Hykso's first production run
“Arrow is our manufacturing partner, ah, and they finance the first production run.”
Disclosure
Zahar: Hykso is raising $500K on a $4M valuation cap SAFE
“500 K and we raise under a safe cap at four million.”
Assertion Not checkable as stated
Zahar: Jillian Manus withdrew from Hykso deal over portfolio conflict
“Jillian actually discovered that she had a conflict of interest with one of her portfolio companies. So unfortunately she had to pull out.”
