QuirkChat

Neutral
BETA

How Geeks Make Friends - social video, livestream and channel chat for geeks!

Analytics

Raised to Date: $43,431

Aggregate Commitments $
Platform

Wefunder

Start Date

10/12/2020

Close Date

04/02/2021

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$4,500,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

01/20/2021

Days Remaining

70

% of Min. Goal

87%

% of Max. Goal

17%

Likelihood of Max
Avg. Daily Raise

$434

Momentum
Location

Concord, North Carolina

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

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

Ratings

last updated 01/21/2021

Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.

Analyst Report

Neutral
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
Other Deals

Optelos on SeedInvest

Asset inspection is essential work for all manner of businesses, particularly in the construction and industrial markets. It’s…

Crowd
Manta Biofuel on Republic

The global oil and gas market was $3 trillion in 2019. The U.S…

Crowd
Juked on Republic

Juked.gg has been selected as a “Deal to Watch” by KingsCrowd. This distinction is reserved for deals selected…

Crowd
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add QuirkChat on Wefunder
Follow company
Follow QuirkChat on Wefunder