TalkSocket by TalkGo

TalkSocket by TalkGo

Closed: Mar. 2022

About this raise

TalkSocket by TalkGo, with a valuation of $7.8 million, is raising funds on StartEngine. The company has developed a hands-free voice assistant that merges Alexa and PopSockets into one. The voice assistant allows people to play music, order on-demand, and answer questions anywhere. TalkSocket by TalkGo has reselling partnerships with PopSockets and OtterBox and aims to ship 12,000 units in December 2021. Andrew Delorenzo and Chandler Murch founded TalkSocket by TalkGo in November 2018. The current crowdfunding campaign has a minimum target of $9,999.44 and a maximum target of $1,069,999.37. The campaign proceeds will be used to expand to new industries, including education, tourism, and construction.

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Investment Overview

Invested this round: $28,927

Deal Terms

Total Commitments

Platform
StartEngine
Start Date
12/28/2021
Close Date
03/28/2022
Min. Goal
$9,999
Max Goal
$1,069,999
Min. Investment

$250

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.21

Pre-Money Valuation

$7,796,272

Company & Team

Company

Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
AutomationTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Seattle, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
5
Prior Founder Exits?
No
Founder Name
Andrew Delorenzo
Title
Chairman & CIO
Founder Name
Chandler Murch
Title
CEO/CTO
Founder Name
Michael Soderholm
Title
CMO

Financials

 Revenue
$0
 Monthly Burn
$27,045
 Runway
6.4 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-324,534

$-17,750

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$174,253

$148

Accounts Receivable

$0

$0

Total Assets

$174,253

$148

Short-Term Debt

$71,246

$8,173

Long-Term Debt

$470,000

$0

Total Liabilities

$541,246

$8,173

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/28/2022 StartEngine $7,796,272 $28,927 Equity - Preferred Funded RegCF
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Add to portfolio
TalkSocket by TalkGo on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $7,796,272
Price per Share: $1.21

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

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