Hearo.Live

Neutral
BETA

Talk+Watch Together

Analytics

Raised to Date: $527,836

Aggregate Commitments $
Platform

Republic

Start Date

03/02/2020

Close Date

01/15/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$12,500,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

10/25/2020

Days Remaining

80

% of Min. Goal

2,111%

% of Max. Goal

49%

Likelihood of Max
Avg. Daily Raise

$2,227

# of Investors

1,718

Momentum
Location
Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

High

Business Type

High Growth

Hearo.Live, with a $12.5 million valuation cap, is raising funds on Republic. It is a new platform to watch and enjoy media together. The platform allows users to watch YouTube videos and esports together and talk about it. Hearo.Live is making watching media as multiplayer as gaming. Hearo.Live was founded by Ned Lerner and Dwight Kwok in January 2015 and has raised over $1.8 million since its inception. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used to improve quality, localize in more than 20 languages, and establish 24X7 operations. Hearo.Live has proven viral, with 75% growth in 75 days, without any marketing spend.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-419,528

$-459,993

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$314,099

$121,876

Accounts Receivable

$0

$0

Total Assets

$314,099

$121,876

Short-Term Debt

$2,164

$0

Long-Term Debt

$1,563,794

$0

Total Liabilities

$1,565,958

$952,043

Ratings

last updated 10/27/2020

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