Yornest

Early Stage

Yornest is a chat application that allows its users to scale their group chats

Analytics

Raised to Date: Raised: $102,000

Aggregate Commitments $

Platform

Wefunder

Start Date

04/11/2022

Close Date

04/30/2023

Min. Goal

$75,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$3,250,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

05/21/2022

Days Remaining

344

% of Min. Goal

136%

% of Max. Goal

41%

Likelihood of Max
extremely
Avg. Daily Raise

$2,550

Momentum
cold.svg
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Location

Louisville, Kentucky

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

High Growth

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: 04/11/2022
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Yornest on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $3,250,000

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