Yornest
Early Stage
Yornest is a chat application that allows its users to scale their group chats
Overview
Raised: $78,150
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/10/2022
Close Date
08/31/2022
Min. Goal
$75,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,500,000
Valuation Cap
$3,250,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/03/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$550
# of Investors
34
Momentum
Funded
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Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Yornest, with a valuation of $3.25 million, is raising funds on Wefunder. The company has developed a chat application that allows users to scale their group chats. The user experience of Yornest allows users to create large communities and keep them organized, less noisy, and engaging. Yornest has a fully developed product available in iOS and Google Play Stores. Currently, it spans five campuses and has over 1,000 users. Michael Brizendine and Shaquile Noor founded Yornest in March 2022. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $250,000. The campaign proceeds will be used for professional fees, founders’ salaries, and business developments.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$104,095 |
$12,300 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-48,105 |
$-1,374 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$16,665 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$16,665 |
$-1,170 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 04/10/2022
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