KGAY

KGAY

Closed: Feb. 2022

About this raise

KGAY is raising funds on Wefunder. It is a media company that owns KGAY 106.5 Palm Springs radio and GayDesertGuide. The company works as the marketplace for advertisers to reach LGBTQ+ consumers through cross-promotions, content, and advertising. The platform takes an integrated approach to reach the LGBTQ+ community without waste. Brad Fuhr founded KGAY in April 2021. The current crowdfunding campaign has a minimum target of $60,000 and a maximum target of $250,000. The campaign proceeds will be used for operating costs, hiring a salesperson, and expansion of AM programming to create a separate revenue stream.

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Investment Overview

Invested this round: $61,500

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/15/2021
Close Date
02/17/2022
Min. Goal
$60,000
Max Goal
$250,000
Min. Investment

$100

Security Type

Revenue Share

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.25X

Company & Team

Company

Year Founded
2021
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Palm Springs, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Brad Fuhr
Title
CEO

Financials

 Revenue
$10,394
 Monthly Burn
$1,759
 Runway
16.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$10,394

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-21,104

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$28,415

$0

Accounts Receivable

$1,700

$0

Total Assets

$29,916

$0

Short-Term Debt

$0

$0

Long-Term Debt

$258,300

$0

Total Liabilities

$258,300

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/17/2022 Wefunder - $61,500 Revenue Share Funded RegCF
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KGAY on Wefunder 2021
Platform: Wefunder
Security Type: Revenue Share

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Warning: according to the close date for this deal, KGAY may no longer be accepting investments.

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