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GlobalStar

461 South Milpitas Blvd, Milpitas, CA, 95035, United States

Overview

Globalstar offers high quality, low-cost satellite voice and data services to commercial and recreational users from virtually anywhere in more than 120 countries around the world. Globalstar, which was established in 1991 and began commercial service in late 1999, currently offers service from virtually anywhere across over 120 countries, as well as from most territorial waters and several mid-ocean regions. Signals from a Globalstar phone or modem are received by the company's constellation of Low Earth Orbiting (LEO) satellites and relayed to ground-based gateways, which then pass the call on to the terrestrial telephone network.

Total investments
1
Lead investments
0
Investments · 12mo
0
Active investors
5

Sector focus

  • Telecommunications
  • Web Hosting
Visit website

Investment portfolio

  • Animal Concerts

    Participated · Equity · Feb 2022

    Animal Concerts is a next-generation metaverse entertainment platform operating at the intersection of concerts, NFTs, VR, gaming, advertising, merchandising, distributed ledgers, and cryptocurrencies. The project has hosted metaverse concerts with Busta Rhymes, Future, Alicia Keys, Meek Mill, Diplo, and Gunna and held an in-person concert in Los Angeles on February 12. Its core product blends live and virtual events, collaborative NFT drops, tokenized experiences, merchandising, and advertising to create new revenue verticals for artists and fans. Animal Concerts is launching an in-house token, $ANML, and a Watch-to-Earn model that rewards participant attention; tokens can be used for merch, virtual meet-and-greets, and staking to access free concerts. The company completed a $6.75M private round and sold $800k of $ANML across five launchpads; token sales were at $0.0045 with 25% at TGE and 75% vested over six months. Planned near-term activities include securing a Tier 1 CEX listing (AscendEX has been secured), finalizing two NFT collections including an A-list artist collaboration, and deploying funds toward artist bookings, marketing, ecosystem development, liquidity provisioning, and team expansion.

Team

  • Paul E. Jacobs

    Chief Executive Officer

  • Irwin Jacobs

    Founder

  • James H. Thompson

    Team Member

    LinkedIn
  • Jay Monroe

    Executive Chairman