The Flip Side

The Flip Side

Closed: Feb. 2023

About this raise

The Flip Side, with a valuation of $20 million, is raising funds on Wefunder. The company publishes a newsletter that bridges the gap between liberals and conservatives. The business sends a 5-minute curated email to its customers every morning with thoughtful and well-articulated pieces on specific topics. The newly launched TFS Forum of The Flip Side rewards bipartisanship and thoughtfulness rather than clickbait and trolling. Annafi Wahed founded The Flip Side in December 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for forum development, marketing, hiring, and building out the B2B functionality.

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Investment Overview

Invested this round: $275,603

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
11/09/2022
Close Date
02/03/2023
Min. Goal
$50,000
Max Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

10%

Company & Team

Company

Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
New York, New York
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Annafi Wahed
Title
CEO
Founder Name
Jihan Varisco
Title
CPO

Financials

 Revenue +68% YoY
$176,798
 Monthly Burn
$5,724
 Runway
9.5 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$176,798

$104,996

COGS

$0

$0

Tax

$88

$52

 

 

Net Income

$-68,684

$-399,318

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$54,651

$128,942

Accounts Receivable

$0

$22,000

Total Assets

$54,651

$150,942

Short-Term Debt

$4,334

$31,940

Long-Term Debt

$0

$0

Total Liabilities

$4,334

$31,940

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/03/2023 Wefunder $20,000,000 $275,603 SAFE Funded RegCF
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Add to portfolio
The Flip Side on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

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