Pre-Seed Round — Confidential · April 2026
Your Block. Your Ride.
Samuel Furman
CEO & Co-Founder
Daniel Perkelvald
CMO & Co-Founder
$650K
$500K Private + $150K Crowdfund · SAFE · $10M Cap
RIDEWITHBLOC.COM
Scroll
01 — The Problem

THE SYSTEM IS
BROKEN.

For Drivers
30–50%
Uber and Lyft take 30–50% of every fare a driver earns — every ride, every day, forever. A driver doing 180 rides a month hands over $1,000–$2,000 in commission monthly with no path to ownership, no equity, and no loyalty rewarded. The harder they work, the more they hand over.
For Riders
2× surge
A $15 Brooklyn ride becomes $30+ the moment it rains, a game ends, or an algorithm decides demand is high. Riders have no pricing consistency, no transparency, and no recourse. They're at the mercy of a surge multiplier they never agreed to.
02 — The Solution

KEEP WHAT
YOU EARN.

🔑
Zero Commission
Drivers keep 100% of every fare, every ride, every day. They pay a flat monthly subscription based on ride volume — tiered by usage, billed in arrears. The more they drive, the more they keep.
📍
Built for NYC
BLOC is purpose-built for New York City — not a generic platform dropped on Brooklyn. Local infrastructure, local drivers, local riders. Community-first from day one. Your block. Your ride.
⭐
Better for Riders
Consistent pricing, no surge gouging, and an optional Premium membership for priority matching to top-rated drivers and exclusive promos — all for $14.99/month.
03 — Traction

THE DEMAND IS
ALREADY HERE.

Driver Waitlist
440
355 drivers signed up in the last 7 days alone — organically
$0 Paid Marketing
Rider Waitlist
155
Riders across all 5 boroughs — organically
$0 Paid Marketing
Total Waitlist
515
Both sides of the marketplace
Break-Even
152
Paying drivers needed to cover all costs
Waitlist vs Breakeven
2.4×
We have 2.4× breakeven already on waitlist
Top Markets
Brooklyn94
Bronx49
NYC16
Flushing6
Jamaica6
04 — Business Model

SIMPLE.
SCALABLE. STICKY.

Driver Subscription — Billed in Arrears · First Payment Month 2
Starter
0–30 rides / mo
$69
Growth
31–120 rides / mo
$119
Pro
121–250 rides / mo
$169
Elite
251+ rides / mo
$219
Rider Plans
Standard
Free
Premium
$14.99/mo
Priority matching to top-rated drivers
More frequent promos & exclusive discounts
Blended Driver ARPU
$155
Per driver / per month
55% of drivers projected in Pro tier ($169/mo)
Driver Keeps
100% of Fares
No per-ride commission. Ever. Riders pay a small booking fee covering payment processing — drivers see zero deductions.
Gross Margin
~85%
Pure SaaS-like subscription model. No vehicles, no fleet, no driver payroll.
Total Monthly Burn
$23,500
Ops $8,500 · Marketing $15,000. Lean and capital-efficient by design.
05 — Financial Projections

PATH TO
$9.57M ARR.

Milestone Drivers Riders Driver MRR Rider Premium MRR Total MRR ARR Status
Month 1 150 450 $0 $675 $675 — Drivers ride free — billed in arrears
Month 2 200 600 $23,250 $899 $24,149 — Near breakeven
Month 3 400 1,200 $62,000 $1,799 $63,799 $765K Profitable ✓
Month 6 800 2,400 $124,000 $3,598 $127,598 $1.53M Strong margin
Month 12 2,000 6,000 $310,000 $8,994 $318,994 $3.83M Series A ready
Month 16 5,000 15,000 $775,000 $22,485 $797,485 $9.57M Scaling NYC
Key assumptions: $155 blended driver ARPU · 55% of drivers in Pro tier · 3:1 rider-to-driver ratio · 10% rider premium conversion at $14.99/mo · Month 1 driver revenue = $0 (billed in arrears) · Break-even at 152 paying drivers — we have 440 on our waitlist today, 2.9× what we need.
06 — Market Opportunity

NYC IS THE
BIGGEST MARKET.

Global Rideshare TAM
$185B
The global ridesharing market growing at 19% CAGR — driven by urbanization, gig economy expansion, and continued shift away from personal vehicle ownership in dense metros.
NYC Rideshare Market
$6B+
New York City is the single largest rideshare market in the United States — home to over 80,000 TLC-licensed drivers and millions of daily rides across all five boroughs.
BLOC's Addressable Base
80K+
Over 80,000 active TLC-licensed drivers in NYC. At $155 ARPU, just 5% penetration = $74M ARR. We're targeting 5,000 in 16 months.
Our beachhead: Brooklyn and the Bronx — highest driver density, strongest community ties, fastest organic spread. We're already seeing signups from both boroughs and beyond within days of opening the waitlist — with zero paid marketing.
07 — Expansion Roadmap

NYC FIRST.
THEN EVERYWHERE.

Phase 1 — Now
New York City
Launch → Month 16
Dominate the largest rideshare market in the US. Build the model, prove unit economics, and establish BLOC as the driver-first platform of record in NYC. 5,000 drivers. $9.57M ARR.
Brooklyn
Bronx
Manhattan
Queens
Staten Island
Phase 2 — Series A
Major US Cities
Month 18 → Month 36
Replicate the proven NYC playbook in the next tier of high-density rideshare markets. Same asset-light model. Same driver-first value proposition. New cities, same flywheel.
Chicago
Los Angeles
Miami
Boston
Atlanta
50+
States & Countries
Before we've launched a single ride, inbound demand is already global. We're receiving DMs and comments from drivers and riders across the United States and internationally — asking when BLOC is coming to their city. This is organic, unprompted demand signal that validates the model far beyond New York. The problem BLOC solves is universal. The solution scales.
Phase 3
International Expansion
London, Toronto, Sydney and other high-density English-speaking markets with established rideshare ecosystems and driver communities already asking about BLOC.
$185B
Global TAM
The asset-light subscription model requires no local fleet infrastructure — making international expansion dramatically cheaper than traditional rideshare operators.
1 Model
Infinite Markets
Every city has drivers being overcharged by Uber and Lyft. Every city has riders paying surge prices. The BLOC model is not NYC-specific — it's a global structural advantage.
08 — Why BLOC Wins

STRUCTURAL
ADVANTAGES.

01
Driver Loyalty
A driver doing 180 rides/month on Uber pays $1,200–$2,000+ in commission. On BLOC they pay $169 flat and keep the rest. That's a $1,000–$1,800/month raise. Drivers don't leave a raise that size. Active driver churn is structurally near-zero.
02
Network Effects
Drivers recruit other drivers organically within the NYC TLC community. 440 signups in under 48 hours with zero marketing spend — and inbound demand already flooding in from other states and countries. The flywheel is spinning before launch.
03
Asset-Light Model
BLOC owns no vehicles, employs no drivers, and carries no fleet liability. Pure SaaS-style subscription revenue at ~85% gross margins. $23,500/mo total burn. The capital efficiency of software at the scale of transportation.
04
Community Brand
BLOC is built in Brooklyn, for Brooklyn — and now the world is watching. The brand, pricing model, and mission resonate globally. This isn't Uber with a new logo. It's a platform that genuinely empowers the communities Uber and Lyft extract from.
09 — The Team

BUILT BY
OPERATORS.

SF
Samuel Furman
CEO & Co-Founder
Brooklyn-based entrepreneur and technologist. Built BLOC's entire technology stack from the ground up — iOS app, waitlist platform, admin dashboard, fare engine, and backend infrastructure. Deep expertise across full-stack development, product strategy, AI integration, and business operations. Featured on News 12 Brooklyn.
DP
Daniel Perkelvald
CMO & Co-Founder
Co-Founder and Chief Marketing Officer of BLOC Technologies. Leads brand strategy, driver and rider acquisition, community growth, and go-to-market execution. The organic growth engine behind 515 waitlist signups across both sides of the marketplace — with zero paid marketing spend — and growing inbound demand from across the US and internationally.
BLOC Technologies Inc. · Delaware C-Corp (In Formation) · Brooklyn, NY
RIDEWITHBLOC.COM
10 — The Ask

FUEL THE
ROCKET.

$650K
Pre-Seed · April 2026
Private SAFE
$500,000
Crowdfund SAFE
$150,000
Valuation Cap
$10,000,000
Discount
20%
Dilution
~6.5%
Runway
24+ Months
Profitable
Month 3
24 months of runway from close — including a 1–3 month pre-launch window while we complete TLC licensing, with full operational burn beginning at launch. We project profitability at month 3 post-launch.
We're closing the private round first to get launched and generating revenue — then opening the crowdfund so our own drivers and riders can own a piece of what they helped build.
Use of Funds
Marketing & Acquisition (6 mo)
$90,000
Operations — Ops & Misc (6 mo)
$51,000
Team Expansion (staggered)
$120,000
Rider Launch Credits
$20,000
Driver Referral Bonuses
$10,000
TLC Licensing & Legal
$30,000
Office / Base Lease
$18,000
Growth Acceleration Reserve
$311,000
Reserved to double down on driver and rider acquisition in markets showing strongest traction, and to extend runway ahead of Series A.
The Proof Point
440 drivers. 155 riders. 50+ states & countries asking. Zero marketing spend. Break-even is 152 drivers — we already have 2.9× that on our waitlist before spending a dollar or turning on a single ride.
YOUR BLOCK. YOUR RIDE. YOUR INVESTMENT.
RIDEWITHBLOC.COM
BLOC Technologies Inc. · Brooklyn, NY