LookFirst by Syr
Early Stage
An app to collect and share shopping and travel notes
Overview
Raised: $56,150
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/14/2022
Close Date
06/08/2022
Min. Goal
$50,000
Max. Goal
$200,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$5,000,000
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$497
# of Investors
12
Momentum
Funded
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
LookFirst by Syr, with a valuation of $5 million, is raising funds on Wefunder. The app enables users to collect and share shopping and travel notes and find authentic recommendations about food, fashion, and travel choices from locals. LookFirst functions as the specific social network and interest-based community to connect people. Rob K Latt, Thiha Min, and Susan Huang founded LookFirst by Syr in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $200,000. The campaign proceeds will be used for software development, marketing and content, and miscellaneous expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$22,542 |
$0 |
|
COGS |
$35,049 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-36,282 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,989 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,989 |
$0 |
|
Short-Term Debt |
$768 |
$0 |
|
Long-Term Debt |
$35,104 |
$0 |
|
Total Liabilities |
$35,871 |
$0 |
Financials as of: 02/14/2022
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