Offline

A monthly subscription reimagining restaurant discovery

Min Investment: $100
Location: Raleigh, NC
Expected Close Date: April 30, 2023
Target Raise: $50.01K-$1.07M
Security Price: $6.52
Valuation: $10,000,000
Website: letsgetoffline.com

Number of Employees: 12
Cash: $143,680
Revenue: $425,427
Short Term Debt: $159,101
Cost of Goods: $60,254
Long Term Debt: $0
Net Income: $174,998

Key Deal Facts

📈 last 12 months $350K ➡️ $1M annual recurring revenue, 85% Gross Margin
💰 7,000+ paying subscribers with a 95% retention rate
🥘 100+ restaurants with a 97% retention rate
🌆 2nd market (Charlotte, NC) returned 100% of launch cost Day 1
💸 Investors: ex-CEO ANGI (IPO), CEO GDC (9-figure exit), CEO Pendo ($1BN valuation), Tweener Fund
🏆 efficient team turned $1M in invested capital into $1M/Y subscription revenue run rate

Management Team / Advisory Board Bios

David Shaner Founder & CEOBuilt fastest growing media company for millennials in the southeast. 10 years experience with hyperlocal business models. TBJ 40 under 40., Taylor Smith COO & Head of ProductFormer founder/CEO of $1M revenue software development company in SF., Anna Laura Erickson Head of Social Media + EventsRan a 1.8M subscriber YouTube channel before joining Offline., Hannah Sobhan Head of SalesEx wine sales veteran + former D1 gymnast., William McGuire Campaign QBIncolo helps create investable founders focused on key areas of traction with education, experts, & community

Amount Raised : $2,304,825

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