FlipWord

FlipWord

Early Stage

Changing the way we learn languages

Changing the way we learn languages

Overview

Raised this Round: Raised: $81,708

Platform

Republic

Start Date

01/26/2017

Close Date

05/01/2017

Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$20

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Year Founded

2015

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Location

Palo Alto, California

FlipWord, with a valuation of $5 million, is raising funds on Republic. The company has developed a language teaching platform that integrates learning into everyday activities. FlipWord is a Chrome Extension that automatically and intelligently replaces a few words on every English webpage with the language users want to learn. The platform has over 6,000 signed-up beta users, with over 50% user retention rate. Thomas Reese and Yinghua Yang founded FlipWord in July 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, research and development, future wages, general working capital, and equipment purchases.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$72

$0

COGS

$0

$0

Tax

$763

$0

 

 

Net Income

$-25,066

$14,428

Summary Balance Sheet

FY 2016 FY 2015

Cash

$816

$15,150

Accounts Receivable

$0

$0

Total Assets

$816

$15,150

Short-Term Debt

$6,168

$572

Long-Term Debt

$0

$0

Total Liabilities

$6,168

$572

Financials as of: 01/26/2017
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FlipWord on Republic 2017
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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