You, Only Virtual
Early Stage
Never Have to Say Goodbye
Overview
Raised: $24,635
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/27/2022
Close Date
02/26/2023
Min. Goal
$9,999
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$0.96
Pre-Money Valuation
$11,986,301
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$411
# of Investors
36
Momentum
Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
You, Only Virtual, with a valuation of $11.99 million, is raising funds on StartEngine. The company is using artificial intelligence to develop posthumous communication systems. The patented technology will be launched as a grief coping tool and allow users to text, talk, video chat, and connect with their loved ones even after their death. You, Only Virtual is in the pre-revenue stage and has a waitlist of over 10,000 potential subscribers. Justin Harrison founded You, Only Virtual in October 2020. The current crowdfunding campaign has a minimum target of $9,999.36 and a maximum target of $1.23 million. The campaign proceeds will be used for launching the product and building brand awareness.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$99,309 |
$115,083 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-99,309 |
$-115,083 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$2,285 |
$0 |
|
Long-Term Debt |
$212,107 |
$115,083 |
|
Total Liabilities |
$214,392 |
$115,083 |
Financials as of: 12/27/2022
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