The Flip Side
Early Stage
A new way to keep up with and talk politics
Overview
Raised: $265,328
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/09/2022
Close Date
03/30/2023
Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
Funding Type
RegCF
Valuation Cap
$20,000,000
Discount Rate
10%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/03/2023
Days Remaining
55
% of Min. Goal
531%
% of Max. Goal
27%
Likelihood of Max
Avg. Daily Raise
$3,085
# of Investors
641
Momentum
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Location
New York, New York
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 11/09/2022
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