Hearo

The multiplayer future of entertainment, 90x more engaging than live streaming

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Security Type
Crowd SAFE
Min Investment
$200
Location
SAN FRANCISCO, CA
Offering Date
May 16, 2022
Expected Close Date
October 24, 2022
Amount Raised
$153,542
Target Raise
$25K-$535K
No. Investors
145
Security Price
$1
Number of Employees
0
Cash
$491,498
Revenue
$49,997
Short Term Debt
$519,129
Cost of Goods
$24,998
Long Term Debt
$1,986,000
Net Income
$-963,383

Company Description

Hearo has invested $3 million and 4 years of R&D, to turn the endless hours we watch alone into the perfect time to connect with friends—and (soon) to make new friends—who share our passions for movies, streams, sports, shows & events.

Perks

Reserve
$200
Receive
Invitation to our annual investors meeting using Hearo.

3 reservations
Reserve
$1,000
Receive
Invitation to our annual investors meeting using Hearo.
Limited edition Hearo hat
Limited (22 left of 25)

1 reservation
Reserve
$10,000
Receive
Invitation to our annual investors meeting using Hearo.
Limited edition Hearo hat
Dinner in San Francisco with CEO or video conference call
Limited (9 left of 10)

Key Deal Facts

Over 1M people use Hearo as their virtual living room
Talk, text, and co-watch 50+ video services, full screen, together
On Android, iOS, Windows, Mac and desktop web
Over 500 engagements per user/show; an exciting in-venue like experience
Founder Ned Lerner: 5X entrepreneur, PlayStation exec, MOBA & VoIP pioneer
35x usage growth in 18 months. 85 minutes per user/week engagement (USA)

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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