Asian Hustle Network

Asian Hustle Network

Global online community empowering Asian entrepreneurs and allies

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Security Type
Crowd Note
Categories
Technology
Min Investment
$1,000
Location
LAS VEGAS, NV
Offering Date
January 21, 2022
Expected Close Date
April 09, 2022
Target Raise
$25.00K-$650.00K
Number of Employees
4
Cash
$4,910
Revenue
$1,000
Short Term Debt
$470
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-221

Company Description

Asian American white-collar professionals are the least likely group to be promoted from individual contributor roles to management — less likely than any other race. The overrepresentation of AsAm's as business owners can be due to economic & social factors, such as not finding a decent job or not being treated well in the labor market.

We created a community in which Asian entrepreneurs & professionals from around the world can network, learn from each other, & build meaningful connections. Since Nov. 2019, we've grown our community to 100K+ members across all of our social media platforms, in over 100 countries, with 1M impressions achieved in a month.

We created a paid directory outside of our Facebook platform, in which members can create a profile & connect with other members in a more meaningful way. Since Facebook has limited capability of finding others based on certain criteria, members can use our platform to list their name, business name, location, role, industry, etc. Monthly subscription tiers range from $1 to $5/month, which we plan on increasing as we roll out more benefits.

In 2022, we plan to integrate media publication & video streaming into our paid subscription model. We plan to license existing Asian films & sign on new films from emerging entrepreneurs, artists, & creatives. Members will be able to leverage AHN to showcase their work on our platform. Additionally, we plan to highlight stories, news, & fun facts to provide readers with content relating to Asian entertainment, culture, artists & films, and more.

AHN generates a majority of its revenue through networking events, sponsorships, & brand deals. Many corporations want visibility from either small business owners or minority groups; & AHN has engagement from both of these groups. Some of our previous sponsors include Citibank, Comcast, McDonald's, Kia, & Lowe's.

Perks

Bonus Perk: Investors above $1,500 will have exclusive access to early invites/early bird ticket sales to all Asian Hustle Network events and conferences. Applicable only if investing before 11:59 PM ET on Friday, February 11th.

Tier 1: Investors between $5,000 and $9,999 will be automatically added into our directory as VIP members with exclusive access to connect, direct message, and schedule meetings with other members, post in the community forum, and get discounts to our paid events and conferences. If investing $5,000 or more before 11:59 PM ET on Friday, February 11th, investor will be bumped to the next tier of perks.

Tier 2: Investors between $10,000 and $24,999 will receive priority to promote in our eNewsletter upon review and approval. Ads can be in top placement of our eNewsletter for maximum visibility and engagement. Investors will also receive the Tier 1 perk above.

Tier 3: Investors between $25,000 and $49,999 will receive exclusive access to a list of established entrepreneurs and angel investors in our community. Investors will also receive the Tier 1 and Tier 2 perks above.

Tier 4: Investors $50,000 and above will receive a swag box as well as free admission and 3 tickets to our annual Uplifted Conference held in Las Vegas, NV. Investors will also receive the Tier 1 perk, Tier 2 perk, and Tier 3 perk above.

It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment.

Please note that due to share price calculations, some final investment amounts may be rounded down to the nearest whole share - these will still qualify for the designated perk tier. Additionally, investors must complete the online process and receive an initial email confirmation by the deadline stated above in order to be eligible for perks.
Amount Raised : $334,300
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Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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