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The global tattoo market is highly lucrative and the industry is undergoing unprecedented growth and rapid transformation.
Blackdot is uniquely capable of satisfying the oversized demand for smaller, detailed tattoos. Moreover, our focus on predictability, atmosphere, hygiene, and minimizing discomfort enables us to address a large, hesitant population segment that can now be offered greater peace of mind with Blackdot technology.
The US tattoo market is currently valued at $1.6B and the global tattoo market is expected to reach $3.9B by 2030. Forecasted industry growth (CARG) is 9.9%.
Tattoo is often cited as one of the most recession-proof industries alongside funeral homes and healthcare.
*Source: Fortune Business Insights 2023
Few Americans purchase only one tattoo. Almost 70% who choose to tattoo have multiple tattoos.
This unprecedented growth is being driven by younger generations (Gen Y & Z) that are acquiring more tattoos at a faster rate than at any other time in recorded history.
*Source: Statista 2017 & 2021, YPulse Poll 2022
Blackdot Tattoo Market Analytics 2023
Fear of the pain associated with traditional tattooing, limited design options, concern with the appearance of the end result, and intimidation of the typical tattoo studio can hold people back from getting a tattoo.
Blackdot’s unique approach addresses these concerns, finally opening up tattoo as an option for this significant population segment.
*Source: Statista Survey 2017
2020 US Census
Gain additional perspective and key insights from Blackdot’s VCs, angel investors, and advisors. Also hear experts from across the art community weigh in on the potential for the unique technology and transformative experience Blackdot provides.
The three-part book—Blackdot: The Road to the Tattoo Revolution—is a must read for prospective investors.
Part III details the genesis behind Blackdot as told by Joel Pennington, the company’s visionary founder and CEO. Joel also chronicles the significant technical and commercial milestones, from ideation to launch, as well as spotlighting key talent—leadership, board of directors, advisors, and engineers—that are helping position Blackdot as the future of tattoo.
In the US, an accredited investor is a sophisticated investor who meets one of the below criteria:
For additional details on qualification, visit the SEC’s website.
AngelList conducts all verification (including AML/KYC clearances) and will inform you as to what documentation can be used to substantiate your accredited status. The documentation you need to provide depends on the basis on which you claim to be accredited, but can include W-2s, tax returns, bank statements, brokerage statements, Verification letters from CPAs, attorneys, or licensed professionals holding either FINRA Series 7, 65, or 82 licenses.
Rule 506(c) is an exemption from the registration requirements under the Securities Act of 1933, as amended, and related state securities laws that offers companies the opportunity to publicly advertise an investment round and to receive funds from verified accredited investors.
Securities purchased under Rule 506(c) are not freely tradable and may not be transferred or resold without registration or an exemption from registration.
Please visit the SEC’s website for more information.
A SAFE stands for a “Simple Agreement for Future Equity“, which allows investors to convert their investment into equity in future funding rounds or liquidation. Please review the summary of terms carefully prior to investing.
A valuation cap, often called a “cap,” is a predetermined maximum company valuation at which a SAFE will convert into equity. Essentially, it sets an upper limit on the valuation to determine how many shares the SAFE holder will receive when the SAFE converts.
We may accept or reject information requests and subscriptions at our sole discretion.
There is no single criteria that Blackdot uses for investor selection or to accept a particular subscription, however here are some of the factors that we will consider:
It’s unknown at this time if future investment opportunities will be made available or on what terms we would be looking to raise capital outside of this initial round.
Blackdot would like to focus on non-equity instruments (e.g. various revenue and debt based financing) to raise additional capital, but we have not ruled out more traditional priced equity rounds or additional convertibles (e.g. SAFEs).
No. You will directly invest in the AngelList RUV formed for the purpose of our offering, unless you've made other arrangements with Blackdot. The AngelList RUV will directly invest in Blackdot.
The AngelList RUV is a ‘Roll Up Vehicle’ (RUV) formed by AngelList specifically for this offering. Instead of directly investing in Blackdot, you would subscribe to own an interest in a ‘Special Purpose Vehicle’ (SPV) which would then invest into Blackdot on the terms described here and in our disclosures.
Instead of being listed on Blackdot’s cap table, investors become limited partners of this RUV which itself will be listed on Blackdot’s cap table. This relieves investors of the requirement to interface with our legal team for consents, conversions, and ongoing questions. Instead, you get a single dashboard on AngelList that provides the details of your investment. Additional information about the RUV will be made available to selected investors via AngelList.
Yes. You will receive information from Blackdot on an ongoing basis. Typically, these updates will be provided via your AngelList account.
Blackdot’s initial tattoos are available for customers in Austin, TX and aims to establish studios over time in locations such as NYC, LA, Las Vegas, Miami, London, and Berlin. With more studios in more locations, Blackdot will be able to make accessibility to top tattooing, art and technology much less of an issue than it is today.
After founding ClearAccess and selling it to Cisco Systems, Joel Pennington embarked on a new professional journey that involved custom wines, specialty coffee and, eventually, the art of tattoos.
After his custom wine project (Slow Turtle), Joel took his interest in specialty drinks to the next level at Bellwether Coffee, a Bay area startup focusing on making roasting more accessible and easier to master. Bellwether used a system of sourcing roasting profiles (i.e., roasting recipes) from top roasters, uploading them to the cloud and making them available to their next-generation roasters. This process enabled staff without specialized training to bring the roasts to life, combining hardware, software and cloud to centralize the art of coffee roasting.
Pennington took a page out of the Bellwether playbook and applied it to another creative medium, centralizing the art of tattoo. At first, the concept was to place automated tattoo devices in existing tattoo studios. However, this quickly shifted as the maintenance requirements, training process and the possibility of operator error was too risky. Instead, Joel and his team wanted to be associated with a different type of tattoo experience overall, one where Blackdot could completely reinvent and govern the experience from start to finish and make its studios the only places where the tattoo devices would operate.
Yes. Blackdot will be making certain tattoo designs and collections available only to investors.
Blackdot intends to co-exist symbiotically within the tattoo industry and provide tattoo artists with additional revenue streams to let them scale in an industry that generally trades time for money. Blackdot understands that traditional tattooing will always remain mainstream but believes there is room for an innovative approach that will attract a parallel audience and be available alongside the classic system.
Relevant quotes from renowned Turkish tattoo artist, Omer Tunca:
Today, technology is developing every year, and this change has a great impact on our field as well. To give an example, about 10 or 15 years ago, tattoo machines were tools that worked in much more primitive ways—say, a classical coil-driven tattoo machine— with the development of technology, rotary machines have achieved impressive levels. There are also wireless machines now, and we tattoo using them. While technology advances at this rate and presents these changes, of course, the emergence of Blackdot is a breakthrough innovation in the tattoo field. At first, some people may get a little nervous when they hear about such innovations. It is as if a machine would emerge and take over their jobs. But this is definitely not the case. On the contrary, these innovations, especially in the field of art, are very positive developments that will carry artists to different vantage points in many different fields. For example, thanks to Blackdot, not only tattoo artists, but also many other artists in the world whose creative output is aligned with tattoos—painters, illustrators, or people who work in different fields of art will have a chance to experience this medium. In addition to this, people around the world who want to carry these artists’ works on their bodies will be able to access these works easily thanks to Blackdot.
I think, Blackdot is a huge project that can change not only the tattoo industry, but also the way of art production. Inspired by this project, I think the artists will begin to undertake much more creative and different works in the future. Having such projects in our lives and their continued support and use by us artists will pave the way for a new kind of art production in the world. Evolution of art production has always been like this in history. Not only technological, but also socio-cultural developments, accompanying changes, political ideas, views—just as all of these put forth a new art language or a new art period, Blackdot will, with the unique vision it embodies, introduce important renovation not only in the field of tattoo, but also in art and art production in general.
This website is an advertisement to Accredited Investors for the sale of unregistered securities relying on Regulation D, Rule 506(c). This website is not an offer to sell securities. The offer to sell securities is made only through the subscription agreement and related offering materials which is provided to qualified investors separately (the “Offering Materials”). The Company’s primary website is www.blackdot.tattoo. The information available on or through the Company’s website is not a part of the Offering Materials. In making an investment decision with respect to the securities, you should only consider the information contained in the Offering Materials provided by the Company.
THE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR THE SECURITIES LAWS OF ANY STATE OR ANY OTHER JURISDICTION. THERE ARE FURTHER RESTRICTIONS ON THE TRANSFERABILITY OF THE SECURITIES DESCRIBED ON THIS WEBSITE. NO FEDERAL OR STATE SECURITIES ADMINISTRATOR HAS REVIEWED OR PASSED ON THE ACCURACY OR ADEQUACY OF THE OFFERING MATERIALS FOR THESE SECURITIES. THERE ARE SIGNIFICANT RESTRICTIONS ON THE TRANSFERABILITY OF THE SECURITIES AND NO RESALE MARKET MAY BE AVAILABLE AFTER RESTRICTIONS EXPIRE.
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