Asian Hustle Network
Early Stage
Global online community empowering Asian entrepreneurs and allies
Overview
$33,300 - RegCF
$333,300 - Total
$333,300 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
01/27/2022
Close Date
04/08/2022
Min. Goal
$25,000
Max. Goal
$650,000
Min. Investment
$1,000
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Valuation Cap
$3,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$476
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Asian Hustle Network, with a valuation of $3 million, is raising funds on SeedInvest. It is an online community focused on uplifting and empowering Asian entrepreneurs and allies. The platform helps Asian entrepreneurs connect with one another and get access to shared content, resources, mentorship, and commerce. Asian Hustle Network has built a community of over 100,000 members with an 84% active user engagement rate on Facebook. Bryan Pham and Maggie Chui founded Asian Hustle Network in November 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $650,000. The campaign proceeds will be used for ads and events, staff and human resources, and general operating expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,000 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-221 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,910 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,910 |
$0 |
|
Short-Term Debt |
$470 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$470 |
$0 |
Financials as of: 01/27/2022
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