Blissdivorce

Reach a divorce agreement without the time, cost and conflict of attorneys

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Security Type
CAFES
Categories
Retail
Min Investment
$100
Location
LAS VEGAS, NV
Offering Date
July 22, 2020
Expected Close Date
December 06, 2022
Target Raise
$50.00K-$535.00K
No. Investors
43
Security Price
$1
Number of Employees
5
Cash
$8,580
Revenue
$123,259
Short Term Debt
$38,171
Cost of Goods
$54,800
Long Term Debt
$1,268,280
Net Income
$-487,556

Company Description

Using patented AI-based online dispute resolution (ODR) technology, BlissDivorce guides couples through a convenient online process to reach a divorce agreement and move on with their lives without the time, cost and frustration of attorneys. By empowering couples, even those in a contentious divorce, to resolve disagreements with our ODR tools, we are the first online platform able to compete directly with the dominant market player: divorce attorneys.In 5 years, we want redefine divorce. Instead of hiring opposing attorneys, which increases conflict and stress, divorcing couples can use our ODR tools to work out the best agreement for them--even in a contentious divorce. We believe this will establish a strong business to build from: just 5% share of the 25 largest U.S. states generates $160M in revenue. We believe there is a multi-billion $ opportunity in other markets (EU) and by applying our ODR technology to other legal verticals.  Patents are owned or will be owned by Resolution 8 Technologies, Inc.

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Key Deal Facts

Exceptional Team — Headed by C-suite legal tech exec, celebrity attorney & successful entrepreneurs
Successful Fundraising — $625K already raised; looking for $245K more for MVP
Large Stable Market — 1.1M divorces, $28B per year
Unmet Needs — High dissatisfaction with excessive cost, lengthy time, and high conflict of attorneys
Disruptive Tech — AI-based dispute resolution resolves disagreements even in contentious divorces
Major Benefits - Get divorced 10 months faster and for $20K less vs. attorneys
COVID Increases Opportunity — Divorces spiking, virtual services in demand, disposable income down
High Growth Potential — Market share of just 5% in top 25 US states = $160M annual revenue

Management Team / Advisory Board Bios

Scott Seidewitz
Founder/CEO
Entrepreneur and new products expert who has helped companies generate 100's of millions in new revenue

Sheila Tan
Founder/Chair
Former CMO of LegalZoom and Align Technology (Invisalign); led product innovation and delivered significant top line growth at both companies

Randall Kessler
Founder/Spokesperson
High profile attorney representing athletes & celebrities, past chair of the Family Law Section of the American Bar Assn., regular contributor on CNN, CourtTV and other media outlets

Dan Hirsch
CTO/Head of Product Development
Ph.D. in computer science who has managed multi-functional teams of 100+ at McAfee/Intel and successfully guided agile product development for startups
Amount Raised : $665,526
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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