LFG Nexus
Early Stage
LOOKING FOR GROUP NEXUS
Overview
Raised: $69,850
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/20/2021
Close Date
09/09/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,600,000
Valuation Cap
$2,900,000
Discount
10%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$629
# of Investors
33
Momentum
Funded
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Year Founded
2021
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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: 05/20/2021
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