Offline

A monthly subscription reimagining restaurant discovery

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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
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

πŸ“ˆ last 12 months $350K ➑️ $1M annual recurring revenue, 85% Gross Margin
πŸ’° 7,000+ paying subscribers with a 95% retention rate
πŸ₯˜ 100+ restaurants with a 97% retention rate
πŸŒ† 2nd market (Charlotte, NC) returned 100% of launch cost Day 1
πŸ’Έ Investors: ex-CEO ANGI (IPO), CEO GDC (9-figure exit), CEO Pendo ($1BN valuation), Tweener Fund
πŸ† 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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