NĒdl (as In, "the Haystack")

Have your own live radio show — in seconds!

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Security Type
Convertible Note
Categories
Technology, Entertainment, Retail, Community & Lifestyle
Min Investment
$6
Location
Santa Monica, CA
Offering Date
June 09, 2020
Expected Close Date
September 30, 2020
Target Raise
$50.00K-$250.00K
No. Investors
81
Security Price
$1
Deal Notes

6% interest

20% discount

Valuation
$5,000,000
Website
nedl.com
Number of Employees
2
Cash
$11,473
Revenue
$187
Short Term Debt
$33,700
Cost of Goods
$0
Long Term Debt
$202,460
Net Income
$-137,939

Company Description

We give users their own worldwide live radio show that's sharable to anyone, searchable in real-time by the words that they say, and monetized by tips that we call, "Hay." nedl is the app where you can Find Voices and Be Heard.

Perks

$250+ Get a lifetime subscription to 100 minutes a month.
$500+ Get a lifetime subscription to 500 minutes a month.
$1,000+ Get a lifetime subscription to unlimited.
$10,000+ Get a lifetime subscription to unlimited with recording.

Key Deal Facts

This founder created the company that built the original iheartradio app for Clear Channel in 2007
Today, demand for communication, connection, and income-generating technology is at an all-time high
Join the movement to democratize access to information and the microphone itself.

Use of Proceeds

If $50,000 is raised:

40% personnel, 30% ongoing server costs, 26.25% user acquisition, 3.75% Wefunder intermediary fee

If $250,000 is raised:

60% user acquisition, 19% personnel, 10% ongoing server costs and overhead, 3.75% Wefunder intermediary fee, 2.25% accounting costs, 5% legal.

Management Team / Advisory Board Bios

Ayinde Alakoye
Founder, CEO
Girldad, Keynote Speaker, TechCrunch Contributor, Former Presidential Candidate Barack Obama Speechwriter, Original "iheartradio" App Creator

Van Johnson

Deal Notes

6% interest

20% discount

Amount Raised : $75,110
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Valuation

Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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