QuirkChat

How Geeks Make Friends - social video, livestream and channel chat for geeks!
Analytics
Raised to Date: $43,431
Aggregate Commitments $
Wefunder
10/12/2020
04/02/2021
$50,000
$250,000
$100
SAFE
RegCF
Seed
$4,500,000
20%
Weekly Commitments $
Active
01/20/2021
70
87%
17%
$434
Concord, North Carolina
Media, Entertainment & Publishing
MediaTech
B2C
High
Low
QuirkChat, with a valuation cap of $4.5 million, is raising funds on Wefunder. It is a niche online community of geeks and hobbyists who create and join social videos and networking platforms. QuirkChat has three features: Quips, Podchats, and Squads. Bee Law founded QuirkChat in 2018 and has raised over $300,000 since the founding. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for user acquisition, marketing, expanding the development and operations team, content creation, and building partnerships. QuirkChat has more than 25,000 active users in the US, Canada, and Europe. The company has partnerships with HBO and Warner Bros and has generated over $200,000 in revenue since the app’s launch.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$118,250 |
$36,384 |
COGS |
$2,006 |
$4,131 |
Tax |
$698 |
$668 |
| ||
| ||
Net Income |
$-21,416 |
$-64 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$31,034 |
$-13,796 |
Accounts Receivable |
$13,900 |
$13,900 |
Total Assets |
$47,554 |
$2,724 |
Short-Term Debt |
$18,293 |
$2,939 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$18,293 |
$2,939 |
Analyst Report
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