Dealmaker Test Deal

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Security Type
SAFE
Min Investment
$100
Location
WILMINGTON, DE
Expected Close Date
December 31, 2022
Target Raise
$10.00K-$100.00K
Security Price
$1
Website
laoshi.io
Number of Employees
12
Cash
$151,083
Revenue
$0
Short Term Debt
$410
Cost of Goods
$0
Long Term Debt
$587,274
Net Income
$-40,910

Company Description

We are developing — Laoshi.io — the necessary tools for Mandarin Chinese learners and tutors. Our team includes domain expertise, deep product vision, and growth hacking skills. Mandarin Chinese had the fastest CAGR since 2020, and we want to lead that expanding market. It looks like we are close to Product Market-Fit, and it’s just the beginning.

Management Team / Advisory Board Bios

Danil Khasanshin

COO /co-founder

BackgroundMedia manager and entrepreneur. First exit at 24, several years in a top management in media companies (Sanoma, Hearst, CTC Media), last 4 years served as CEO of vc.ru (UGC media about startups and businesses, which was the biggest one in CIS with 10 mln MAU)
Amount Raised : $87,569
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Management Team
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Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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