Love The Network
Early Stage
Revolutionizing Online Dating
Overview
Raised: $1,400
Total Commitments ($USD)
Platform
Fundopolis
Start Date
06/30/2020
Close Date
09/29/2020
Min. Goal
$50,000
Max. Goal
$249,999
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.50
Pre-Money Valuation
$1,000,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/29/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$16
# of Investors
6
Momentum
Not Funded
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Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Love The Network, a revolutionary online dating app with a valuation of $1 million, is raising funds on Fundopolis. The app allows only background-checked members with no charges of stalking, domestic violence, and harassment. The app also educates its members on healthy dating and happy relationships, while protecting them against predators, scammers, and fake accounts. Love The Network was founded by Ryan Murphy and Lauren Gamache in 2019. The proceeds of the current round of funding, with a minimum goal of $50,000 and a maximum goal of $249,999, will be used to cover costs for background checking and marketing and to expand the initial launch. Love The Network promotes positive, healthy dating and relationships and aims to create a social impact.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$94 |
$0 |
|
COGS |
$13,424 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-67,368 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$141 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$141 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$67,500 |
$0 |
|
Total Liabilities |
$67,500 |
$0 |
Financials as of: 06/30/2020
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