Hearo
The multiplayer future of entertainment, 90x more engaging than live streaming
- 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)
$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.