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Security Type
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Debt
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Categories
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Entertainment, Retail, Communication & Media
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Min Investment
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$100
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Location
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Palm Springs, CA
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Offering Date
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August 17, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$60.00K-$250.00K
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No. Investors
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22
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Security Price
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$1
- Number of Employees
- 4
- Cash
- $28,415
- Revenue
- $10,394
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $258,300
- Net Income
- $-21,104
Company Description
As originally concepted by Brad Fuhr, KGAY radio and GayDesertGuide.LGBT together create a media company that will be unique to the marketplace, fill a need for the community and provide advertisers with a way to reach LGBTQ+ consumers.
Key Deal Facts
Your investment helps fund purchase & operations to bring KGAY into LGBTQ+ ownership and operations.
GayDesertGuide will be re-integrated into KGAY for content, cross promotions and advertising plans.
John Taylor is back to the KGAY morning show, interacting with locals and celebs.
Money invested will earn “perks” like swag, advertising & other rewards!
The station's platform will be opened up to serve the LGBTQ+ communities here in the Coachella Valley.
The Coachella Valley is growing in population and visitors. Many are LGBTQ and are making their home here.
It is difficult to reach the LGBTQ+ audience without waste. We take an integrated approach.
Radio streaming/listening is strong. There is nothing like KGAY to reach LGBTQ + demo and allies.
Management Team / Advisory Board Bios
Brad Fuhr, KGAY GM & Current CEO of GayDesertGuide
Brad Fuhr is an established leader in the Coachella Valley with a proven track record of engagement and involvement with the community. Brad helped found & operate KGAY in 2018 and runs a highly successful media company including GayDesertGuide.com.
Stephanie Bergantino, Sales Manager
Stephanie has been with KGAY since the station launched, after working with major radio companies Alpha Media and Clear Channel/IHeartRadio. She has managed the radio station during the COVID-19 pandemic taking on managerial and sales roles.
Christopher SHEBEL, Program Director
Chris has programmed stations in Chicago, Portland, Pittsburgh, San Francisco and other markets. He has been involved with numerous music formats and created Dance Hit formats in Chicago, San Francisco, Phoenix and KGAY's LGBTQ focused format.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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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
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.