Me In 3

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Security Type
Convertible Note
Categories
Technology, Financial Services, Retail
Min Investment
$100
Location
Tulsa, OK
Expected Close Date
April 30, 2022
Target Raise
$100.00K-$1.07M
No. Investors
92
Security Price
$1
Website
mein3.com
Number of Employees
2
Cash
$6,551
Revenue
$22,908
Short Term Debt
$116,697
Cost of Goods
$0
Long Term Debt
$132,627
Net Income
$-274,333

Company Description

950% growth in user base over past 6 months
Founded by an experienced management team with a history of successful exits
$20 Billion Total Addressable Market – fastest growing segment in HR tech
COVID 19 significantly increases the demand for a video based hiring platform
Users in over 45 states
Platform for attaining Diversity and Inclusion goals
Fully developed Software as a Service platform
Viral market where a single user creates a multiple of additional new users

Key Deal Facts

950% growth in user base over past 6 months
Founded by an experienced management team with a history of successful exits
$20 Billion Total Addressable Market – fastest growing segment in HR tech
COVID 19 significantly increases the demand for a video based hiring platform
Users in over 45 states
Platform for attaining Diversity and Inclusion goals
Fully developed Software as a Service platform
Viral market where a single user creates a multiple of additional new users

Use of Proceeds


$100,000
70% towards sales and marketing, 13.5% towards G&A, 10% towards direct costs, and 7.5% in Wefunder fees




$1,070,000
60.5% towards sales and marketing, 20% towards G&A, 12% towards direct costs, and 7.5% in Wefunder fees



Amount Raised : $119,168
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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
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 convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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