Yornest, Inc

Yornest is a chat application that allows its users to scale their group chats

Print
Claim My Business
Security Type
CAFES
Categories
Technology, Retail, Industrial
Min Investment
$100
Location
Louisville, KY
Expected Close Date
April 30, 2023
Target Raise
$75.00K-$250.00K
No. Investors
33
Security Price
$1
Website
yornest.com
Number of Employees
2
Cash
$16,665
Revenue
$104,095
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-48,105

Company Description

📱 Fully Developed Product available in iOS & Google Play Stores
📈 Over 1K users, that span 5 campuses
💰 200K raised to date from Angels
🤓 Product lead team, with strong technical experience

Key Deal Facts

📱 Fully Developed Product available in iOS & Google Play Stores
📈 Over 1K users, that span 5 campuses
💰 200K raised to date from Angels
🤓 Product lead team, with strong technical experience

Management Team / Advisory Board Bios

Michael Brizendine Co-Founder & CEOPreviously a software engineering student at college, who got a first hand experience of how unscalable group chats application are. After finding some success with my Co-founder in building Yornest, I left university to pursue our venture full-time., Shaquile Noor Co-Founder & CTOPreviously the co-founder of a successful digital agency (WDAT) which built dozens of commercial products, I am now a Multi-stack developer and CTO focused on building out the next generation of chat applications and social media.
Amount Raised : $102,950
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
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 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.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments