Flip Group

Early Stage

The dating app that verifies profile pictures. Real users, real connections.

Analytics

Raised to Date: Raised: $79,000

Aggregate Commitments $

Platform

Wefunder

Start Date

12/16/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$18,000,000

Discount Rate

25%

Rolling Commitments $

Status

Active

Reporting Date

01/24/2022

Days Remaining

96

% of Min. Goal

158%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,026

Momentum
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Location

San Francisco, California

Industry

Media, Entertainment & Publishing

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Flip Group, with a valuation of $18M, is raising funds on Wefunder. The company is bringing the fun back to online dating with a safer and more authentic experience. Flip we created the only dating app that requires profile picture verification. With almost 30,000 reviews, we hold a 5 star rating in the App Store! The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000. Oliver Heartmont founded Flip. The campaign proceeds will used fo fund marketing for new hires and paid advertising in our top 10 markets and eventually globally, IT, for new hires and to build out new offerings to continue to enhance the user experience, and for G&A for mainly accounting, legal, and increased regulatory/compliance spend.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$7,714

$1,931

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-220,847

$-147,084

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$55,896

$18,806

Accounts Receivable

$0

$0

Total Assets

$55,896

$18,806

Short-Term Debt

$563

$5,304

Long-Term Debt

$15,000

$0

Total Liabilities

$15,563

$5,304

Financials as of: 12/16/2021
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Flip Group
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Platform: Wefunder
Security Type: SAFE
Valuation: $18,000,000

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