Sidehustle App

Sidehustle App

?The Buy-Sell-Refer Marketplace?

Print
View on Wefunder
Security Type
SAFE
Categories
Other
Min Investment
$20
Offering Date
March 15, 2020
Expected Close Date
July 17, 2020
Target Raise
$50.00K-$300.00K
Deal Notes

20.0% discount

$10K+ pro rata right threshold 

Company Description

We help businesses, professional side hustlers and freelancers reach their customers and clients with no-cost ads. We help buyers save money and earn money by referring deals to people they know.

Perks

Invest $100+ for Early access to new software updates and the opportunity to provide feedback.
$1,000+ Will get the opportunity and have the option to have your name listed as a first-round investor.
$25,000+ A seat on the Board of Advisors.

Key Deal Facts

?To date, SideHustle App has 266K downloads which prove market viability
As advertising gets more expensive SMB's are concerned about returns on their advertising investment. They prepay for advertising and hope for a return.
? We harness the most powerful advertising strategy – referral marketing
? We make money by giving everyone opportunities to save money and earn money
Timing – our app is naturally viral, and our business is agile and globally scalable
Side hustlers and businesses advertise locally or nationally, free of cost on our app.
SideHustle App provides a platform where buyers can finally monetize their social network, and earn additional income in a short amount of time.

Use of Proceeds

If $50,000 is raised:

40% towards salaries, 39% towards sales and marketing, 13.5% working capital, 7.5% towards Wefunder

If $300,000 is raised:

40% towards salaries, 15% Cost for Series A, 26% towards sales & marketing, 7.5% towards Wefunder, 6.5% towards working capital, 5% towards intellectual property

Management Team / Advisory Board Bios

Alex Kabir
CEO
We've launched our multi-sided marketplace vision where everyone benefits and are seeing it validated by the high volume of app downloads over the past two months.

Tom Seidel
Director Of Marketing
We're bringing real business value and growth to our SideHustle App users, our company and our investors. I'm improving our UX using my extensive sales, marketing and customer service experience.

Jamila Arapovic
Sr. Financial Advisor
We're monetizing our app in several ways to achieve growth in top-line financials and shareholder value.

Deal Notes

20.0% discount

$10K+ pro rata right threshold 

Amount Raised : $82,130
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment