Fourplay Social
Early Stage
A social network where single friends double date other pairs of single friends
Analytics
Raised: $86,091
Aggregate Commitments $
Platform
Wefunder
Start Date
06/30/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max. Goal
$199,000
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Series
Seed
Valuation Cap
$8,000,000
Discount Rate
20%
Rolling Commitments $
Status
Active
Reporting Date
08/14/2022
Days Remaining
259
% of Min. Goal
172%
% of Max. Goal
43%
Likelihood of Max
Avg. Daily Raise
$1,913
Momentum
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Location
Wanaque, New Jersey
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Fourplay Social, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a social network that allows single friends to double date with other pairs of single friends. Fourplay Social aims to offer a healthier experience for singles physically, mentally, and socially and take the pressure off dating. Fourplay Social has had 45,000 total downloads, made 40,000 matches in New York City, and has 10,000 people waitlisted nationwide. Julie Griggs and Danielle Dietzek founded Fourplay Social in January 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for UI/UX redesign of the app and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$366 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$750 |
$1,125 |
| ||
| ||
|
Net Income |
$-84,414 |
$-31,945 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$13,935 |
$11,448 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$14,415 |
$12,113 |
|
Short-Term Debt |
$1,106 |
$1,128 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$1,106 |
$1,128 |
Financials as of: 06/30/2022
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