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Security Type
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Common Stock
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Categories
-
Technology
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Min Investment
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$248
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Location
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San Francisco, CA
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Offering Date
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March 27, 2022
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$579.27K
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No. Investors
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33
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Security Price
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$1
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Valuation
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$18,500,000
- Number of Employees
- 3
- Cash
- $44,706
- Revenue
- $1,214,505
- Short Term Debt
- $5,075,729
- Cost of Goods
- $771,531
- Long Term Debt
- $0
- Net Income
- $-546,144
Company Description
Loop is a private social network and digital frame. We are on a mission to help families to stay connected. 72% of surveyed Americans distrust Facebook's management of their personal data. With privacy becoming a bigger deal every day, we have created a hardware plus software solution where YOU own your content and control the network. The network doesn’t control you. This Web 3.0 approach follows a trend that has attracted top venture and angel investors and is poised to usher in the future of family connectivity.
Perks
StartEngine OWNERS Exclusive Click here to learn more
$249+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
Friends and Family Early Birds
Invest within the first 48 hours and receive additional 20% bonus shares
1
days
9
hours
14
mins
41
secs
$500+ Investment
Tier 1
50% Discount on Loop Product for 1 year
$1,000+ Investment
Tier 2
Free Loop
$2,500+ Investment
Tier 3
Free Loop 2 Pack
$5,000+ Investment
Tier 4
Free Loop 3 pack
$10,000+ Investment
Tier 5
Call with founders + Loop 4 pack family
$25,000+ Investment
Tier 6
Dinner and strategy session with founders in SF, fully paid. + Loop 5 pack family + early access to new products
Key Deal Facts
Proven Traction: Over $1M in sales and subscription model with recurring revenue.
Top Investors: Raised over $8M from top VCs and angels including Resolute Ventures, Jason Calacanis and board members from Coinbase and Pinterest among others.
Perfect Timing: For families feeling more disconnected than ever and privacy becoming a growing trend.
Management Team / Advisory Board Bios
Brad O'Neill
Director
Brad O'Neill is the CEO of Betterwise Learning and a board member/director at Loop. Prior to Betterwise, Brad was the co-founder of Techvalidate Software which was acquired by SurveyMonkey where he served as SVP Global Sales, Success. Brad was also a founding investor and board member of Stumbleupon.
Sital Mistry
Head of Software
Sital Mistry is the Head of Software and co-founder of Loop. Prior to Loop, Sital was the engineering lead of the wildly popular “Word’s with Friends” online game from Zynga which last reported 30M monthly active users. Sital graduated from University of California, Berkeley.
Ethan Ballweber
Design
Ethan Ballweber is from Altitude design and a graduate of RISD, one of the top design schools in the world. He is an expert in industrial design and user experience. Prior to Loop, Ethan worked on a range of consumer products including the WIMM which became Wear, Google’s smartwatch.