Offline

A monthly subscription reimagining restaurant discovery

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Form C
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Categories
Technology, Financial Services, Food & Beverage, Restaurant, Other
Min Investment
$100
Location
Raleigh, NC
Expected Close Date
April 29, 2024
Target Raise
$50.01K-$618.00K
Security Price
$7.68
Valuation
$10,000,000
Website
letsgetoffline.com
Number of Employees
24
Cash
$1,815,333
Revenue
$912,145
Short Term Debt
$281,045
Cost of Goods
$119,414
Long Term Debt
$0
Net Income
$-779,195

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 : $1,883,020
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