LFG Nexus

Early Stage

LOOKING FOR GROUP NEXUS

Analytics

Raised to Date: Raised: $69,850

Aggregate Commitments $

Platform

Wefunder

Start Date

05/21/2021

Close Date

09/09/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$2,900,000

Discount Rate

10%

Rolling Commitments $

Status
Funded
Reporting Date

09/26/2021

Days Remaining
Funded
% of Min. Goal

140%

% of Max. Goal

28%

Likelihood of Max
Funded
Avg. Daily Raise

$629

Momentum
Funded
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Location

Canton, Georgia

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

LFG Nexus, with a valuation cap of $2.9 million, is raising crowdfunding on Wefunder. The company has developed a social media platform specifically for gamers. It is the one-stop shop for all types of gamers and allows them to interact with one another and make game recommendations. The business earns through premium services, advertising, and store commissions. Adam Gerstin founded LFG Nexus in 2019. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for marketing, IT infrastructure, development, and founder salaries. LFG Nexus has a unique and scalable platform with multiple recurring revenue streams. It targets all gamers, including video gamers, board gamers, esports, Cosplay, and Tabletop.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-8,761

$-1,046

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$91

$53

Accounts Receivable

$0

$0

Total Assets

$91

$53

Short-Term Debt

$8,000

$0

Long-Term Debt

$0

$0

Total Liabilities

$8,000

$0

Financials as of: 05/21/2021
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