Taste
Early Stage
AI Powered & All-In-One Entertainment Platform
Overview
Raised: $113,735
Total Commitments ($USD)
Platform
StartEngine
Start Date
06/01/2023
Close Date
11/02/2023
Min. Goal
$10,000
Max. Goal
$534,998
Min. Investment
$499
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.09
Pre-Money Valuation
$8,253,640
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
33
% of Min. Goal
1,137%
% of Max. Goal
21%
Likelihood of Max
Avg. Daily Raise
$940
# of Investors
84
Momentum
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Year Founded
2018
Industry
Consumer Products, Goods & Services
Tech Sector
AdTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Taste, with a valuation of $8.25 million, is raising funds on StartEngine. The company has developed an AI-powered platform that provides reviews and recommendations uniquely tailored for the customers’ specific interests or tastes. The solution works on a humanistic AI and provides an accurate match. Taste has over 800,000 registered users and reported a 228% growth in engagement over the past twelve months. John Lin and Justin Messina founded Taste Labs in January 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $535,000. The campaign proceeds will be used for marketing, research and development, company employment, sales, and operations.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$26,019 |
$18,601 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-130,377 |
$-368,159 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$12,899 |
$57,564 |
|
Accounts Receivable |
$5,952 |
$42,368 |
|
Total Assets |
$18,852 |
$99,932 |
|
Short-Term Debt |
$928,553 |
$883,063 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$928,553 |
$883,063 |
Financials as of: 06/01/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Taste | 11/02/2023 | StartEngine | $8,253,640 | $113,735 | Equity - Common | Active | RegCF |
| Taste | 04/14/2021 | StartEngine | $4,970,000 | $396,422 | Equity - Common | Funded | RegCF |
| Taste | 06/17/2019 | SeedInvest | $3,000,000 | $757,170 | Convertible Note | Funded | RegCF / RegD 506(c) |
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