Racket Matrix is a multi-sport indoor facility opening November 2026 in the Boise metro area. We're offering profit-sharing notes through a Regulation CF crowdfunding campaign on Wefunder — giving early investors a share of our profits without diluting founder equity.
No indoor tennis training anywhere in the Treasure Valley. Seasonal outdoor programs forced to shut down October–March. Players travel to Portland, Salt Lake City, or Seattle for winter training. The market gap is enormous — and growing as Boise's population surges.
First-mover advantage in a market with zero competition. Year-round operation with five revenue streams. Seamless integration with Evolution Tennis Academy's 140+ player base. Backed by Boise State Venture College, faculty mentorship, SBDC consulting, and university pitch competitions.
Featured on KTVB, BoiseDev, and The Stampede. Over 14 media resources across 6 YouTube videos, 7 articles, and 2 Instagram archives. The story of a community rallying after the closure of Eagle Tennis Club has resonated across the Treasure Valley.
Co-founders Owen and Eliott McPeak are enrolled in Boise State University's Venture College. Racket Matrix is their real-world capstone venture — developed with faculty mentorship, SBDC consulting, competitive pitch validation, and access to the Bronco Venture Accelerator and Idaho Entrepreneur Challenge ($50K+ in prizes).
Court rentals, memberships, private lessons, group clinics, league play. ETA's Level-Based curriculum integrated year-round.
Dedicated courts. Fastest-growing sport in America. Court rental, leagues, tournaments, open play sessions.
Premium simulator bays. Hourly rental, league play, corporate events. Year-round golf in Idaho.
Tennis-specific training, personal training, group classes. Memberships and drop-in packages.
4 interactive training walls, 55+ games. Drop-in sessions, packages, coached clinics. Ages 5–85.
Proprietary AI-powered coaching management platform. Monthly subscription revenue from coaches & academies nationwide.
$9/month — no games, no hidden fees, no annual contracts. A free one-month trial removes all friction. This price point is 10–60× cheaper than competing platforms (CourtReserve, Playbypoint, Plan2Play, RacquetDesk, SportsEngine, etc., which range from $79–$599/month), making it accessible to the massively underserved market of independent park coaches and small academies who can't justify $100+/month for software.
The sports management software market is valued at $11+ billion in 2026, growing 11%+ annually. Youth sports software alone is a $700M+ segment. With an estimated 50,000+ independent tennis coaches in the U.S. alone, even modest penetration generates meaningful SaaS recurring revenue — at near-zero marginal cost.
The $9/month entry tier builds the user base. As coaches grow, they upgrade to a $29/month Pro tier (multi-location, advanced reporting, API access) and a $79/month Academy tier (unlimited staff, white-label branding, parent portal). Projected blended average revenue per user: $19–$25/month at maturity. At 500 subscribers, the CRM generates $114,000–$150,000 in annual recurring revenue. This revenue flows into the same profit pool that investors share in.
75% retained by Racket Matrix for reinvestment, founder compensation, reserves, and operations.
| Tier | Investment | Spots | Max Capital | Return Cap | Max Payout |
|---|---|---|---|---|---|
| 🟢 Supporter | $100 | 200 | $20,000 | — | — |
| 🥈 Founding Member | $500 | 100 | $50,000 | — | — |
| 🥇 Premium Founder | $2,000 | 20 | $40,000 | 2× | $80,000 |
| 💎 Cornerstone | $5,000 | 10 | $50,000 | 3× | $150,000 |
| 🏢 Corporate | $5K–$25K | 10 | $250,000 | 5× | $1,250,000 |
| 👼 Angel | $30,000+ | 1 | $30,000 | 10× | $300,000 |
| TOTAL | $440,000 | $1,780,000 | |||
* Corporate tier max assumes all 10 partners at $25,000. Actual totals will vary. Maximum theoretical investor payout of $1.78M would only occur if all tiers are filled at maximum investment levels AND the business generates enough EBITDA to reach all caps — which would indicate extraordinary success.
Net profit is defined as EBITDA — Earnings Before Interest, Taxes, Depreciation, and Amortization. Calculated as: Gross Revenue minus Cost of Goods Sold minus Operating Expenses (rent, utilities, payroll, insurance, marketing, software, maintenance). One-time capital expenditures, extraordinary items, and proceeds from sale of the business are excluded.
No profit-share payments are due in any quarter where EBITDA is negative or below $10,000. If the business is investing in growth or has a lean quarter, investors don't get paid — and the obligation doesn't accumulate. This protects the business during early operations.
Payments distributed quarterly, within 45 days of quarter-end. Calculation: (Tier Pool % × Quarterly EBITDA) ÷ Number of investors in that pool = individual payment. For the Angel tier: 5% × Quarterly EBITDA goes to the sole Angel partner.
Once cumulative payments reach the return cap (investment × multiplier), the note is retired permanently. No further payments owed. If maturity is reached before the cap, the obligation simply expires — no balloon payment. This is standard for profit-sharing instruments and protects the business.
If Racket Matrix is sold or undergoes a change of control before investors hit their cap, each investor receives the greater of: (a) their remaining unpaid return cap, or (b) their pro-rata share of sale proceeds proportional to their investment. This protects investors in an early exit scenario.
Racket Matrix may, at any time, buy out any investor's remaining interest by paying the unpaid balance of their return cap in a lump sum. This gives the company flexibility to eliminate profit-share obligations early if the business is thriving.
| Term | Detail |
|---|---|
| Security Type | Profit-Sharing Note (debt instrument, not equity) |
| Equity Granted | 0% — investors hold no ownership stake |
| Voting Rights | None |
| Board Seats | None |
| Personal Guarantee | None |
| Net Profit Definition | EBITDA (excludes CapEx and extraordinary items) |
| Tipping Point | $10,000 quarterly EBITDA minimum |
| Grace Period | 12 months from grand opening (Nov 2026 → Nov 2027) |
| Payment Frequency | Quarterly, within 45 days of quarter-end |
| Return Caps | 2× (Premium) · 3× (Cornerstone) · 5× (Corporate) · 10× (Angel) |
| Maturity | 7 years (Premium, Cornerstone) · 10 years (Corporate, Angel) |
| Reporting | Quarterly income statement, balance sheet, cash flow statement |
| Annual SEC Filing | Form C-AR within 120 days of fiscal year-end |
Largest Reg CF portal by volume. 7.9% success fee — only on money raised, no upfront cost. Explicitly supports Revenue Share and Profit Share note structures. Fee waivers for investors who bring $25K+ (our Angel tier qualifies). One million+ investors on the platform. Community-first ethos matches Racket Matrix's values. Used by Mercury, Substack, Replit, and PLEASE & THANK YOU (a comparable profit-share campaign that raised $605K from 258 investors).
Investors visit our Wefunder campaign page, review the pitch and financials, and invest as little as $100. Payment via ACH, wire, Apple Pay, or USDC. All investors go into a single SPV (Special Purpose Vehicle) — one line on our cap table. Securities are held for a minimum of one year (Reg CF requirement). Investors receive quarterly financial updates and profit-share payments per the note terms.
Before we file Form C, we launch a public Wefunder page and begin collecting non-binding investment reservations. This lets us gauge demand, build momentum, and start marketing immediately — while our attorney finalizes legal documents and our CPA completes the financial review. Reservations are funded into escrow. Goal: reach 25% of target ($110K) during soft launch. SEC disclaimer required on all public communications.
Our attorney files Form C with the SEC through Wefunder's platform. Once filed, all TTW reservations convert to confirmed investments (historically 90%+ conversion when the TTW period is kept short). New investors can now invest directly. A 21-day minimum hold period begins — funds cannot be disbursed until 21 days after filing.
Full marketing push: social media, email lists, press outreach (KTVB, BoiseDev, The Stampede), Wefunder's 1M+ investor network, weekly campaign updates, and a live Founder Q&A session. Coincides with ETA Summer 2026 for maximum visibility. Goal: reach 65%+ of funding target.
Final 2-week FOMO push. Re-contact all prospects. Announce remaining spots. Campaign closes when we hit our maximum ($440K) or we manually close after exceeding our minimum. Wefunder disburses funds minus 7.9% fee. Estimated net proceeds: ~$404,000 on a full raise.
| Item | Cost | Notes |
|---|---|---|
| Platform success fee | 7.9% of funds raised | Deducted from raise — no upfront cost |
| Annual platform fee | $1,000/year | Post-raise ongoing |
| Fee waiver | Waived on $25K+ investors | Angel tier ($30K) qualifies — saves ~$2,370 |
| Estimated net on $440K raise | ~$404,240 | After 7.9% fee + $1K annual |
When you offer people a share of profits in exchange for their money, you are selling a security. This triggers federal and state securities law. All profit-sharing tiers must be offered exclusively through the Wefunder platform after Form C is filed with the SEC. No profit-sharing commitments may be accepted outside this framework. This page is an internal planning document and does not constitute an offer to sell securities.
Regulation CF — up to $5M in 12 months. Both accredited and non-accredited investors. Must use SEC-registered portal (Wefunder). Form C filed with SEC. Annual report (Form C-AR) required. Securities cannot be resold for one year. Non-accredited investors have annual investment limits based on income and net worth.
Raises $124K–$1.235M: CPA-reviewed GAAP financial statements required (our range at $440K max). Raises under $124K: Self-certified financials. Raises over $1.235M: Full CPA audit required. Annual Form C-AR filing within 120 days of fiscal year-end.
| Item | Estimated Cost | Notes |
|---|---|---|
| Securities attorney (Form C, note template, review) | $7,500 – $15,000 | Hawley Troxell (local) or national Reg CF specialist |
| CPA-reviewed financial statements | $2,000 – $5,000 | Two years GAAP financials |
| Wefunder platform fee | 7.9% of raise | Deducted from proceeds — no upfront cost |
| State (Blue Sky) filing fees | $500 – $1,500 | Reg CF preempts most state registration |
| Campaign video production | $0 – $5,000 | iPhone-quality is fine; authenticity > production |
| Total out-of-pocket before launch | $11,000 – $25,000 | Recovered from raise proceeds |
Hawley Troxell — Securities Law Practice
877 W. Main St., Ste. 200, Boise, ID 83702 · 208.344.6000
Idaho SBDC — Southwest Regional Center
Boise State University, 2360 W. University Dr., Ste. 1213, Boise, ID 83725
208.426.1640 · Marissa Diaz: MarissaGoff@boisestate.edu · 208.426.3875
Boise State Venture College
venturecollege@boisestate.edu
Wefunder
Founder setup: wefunder.com/setup/founders
Fundraising playbook: wefunder.com/playbook
Verify or file LLC with Idaho Secretary of State ($100 filing fee). The entity issues the profit-sharing notes.
Schedule free consulting session. Request securities attorney referral and CPA recommendation. Discuss Reg CF launch and Idaho Entrepreneur Challenge timing.
Call Hawley Troxell (208.344.6000) or engage a national Reg CF specialist. Get fee quote for Form C preparation and profit-sharing note template review.
Two years of GAAP financial statements, reviewed by an independent CPA. Can proceed in parallel with Wefunder page build.
"Before we go public with this, I wanted to give you first right of refusal on something special." Present the Angel tier terms. If she declines, the spot is reserved internally.
Sign up at wefunder.com/setup/founders. Build pitch memo, upload video, configure tier structure and deal terms. Launch in Testing the Waters mode.
Follow Wefunder's four-phase playbook. Coordinate with ETA Summer 2026 for maximum community momentum. Target: close the campaign by September 1 lease signing date.