Connect Social
Growth Stage
Connect Social is a Social Economy built by the people for the people.
Overview
Raised: $8,501
Total Commitments ($USD)
Platform
Netshares
Start Date
04/02/2023
Close Date
04/02/2024
Min. Goal
$10,000
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$50,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/13/2024
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$23
# of Investors
21
Momentum
Not Funded
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Year Founded
2022
Industry
Business Services, Software, & Applications
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Connect Social, with a valuation of $50,000,000, is raising funds on Netshares. The company is a new and exciting Social Economy that is unique because it rewards consumers for their data while allowing Merchants to purchase VERIFIED Consumer data. Connect Social’s consumers are part of a social network, similar to Facebook, which allows them to shop at merchants, similar to Amazon. The difference, however, is that Consumers get paid for their data while shopping with local merchants. Local merchants receive 100% verified data in a synergistic economy where everyone benefits. Connect Social pays 70% of the transaction revenue back to the consumers that help build Connect Social. Founded Connect Social in 2022, the current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used for staff salaries, rent, & software, among other things.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$5,000 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/02/2023
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