Deal Abstract

Invest in Revolutionizing the Health & Fitness Industry with AI Engagement & Live Video on @wefunder
We help fitness & wellness clubs, professionals and trainers provide a seamless virtual fitness experience to their members. Our platform enables clubs to host on-demand / live classes, sell memberships, take bookings and gate exclusive members-only content. Our artificial intelligence sales and…

SaaS for gyms that wants to combine CRM/Peloton content library/and Together.Live/Bright App marketplace/video streaming into one mega SaaS megazord for gyms. Good revenue and valuation, but ambitious tech offerings with uncertainty regarding the right vision for the future of fitness.

Thank you to premium reader Eric for sending me the deal!

Financials (VRB)

Question Notes
1. Fundraising Target? $50k-$280k
2. Fundraised So Far? $56k
3. Pre-Money Valuation? $5.5m
4. Previous Year's Annual Revenue $392k
5. Previous Year's Annual Burn ~$150k

The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)

Criteria Yes/No
1. A startup that is based in SV? No: Austin, TX
2. Has at least 2 founders? No: One CEO founder
3. Has product in the market? Yes
4. 6 months of continuous user growth or 6 months of revenue? Yes: 2018 revenue to 2019 revenue increased from $131k to $392k.
5. Notable investors? No: had an equity crowdfunding round before but no names I recognize.
6. Post-funding, will have 18 months of runway? No: Would just have 18 months if they hit maximum, but at this round with 9 days left, the chances of fundraising 18 months of runway unlikely.

The 7 Thiel Questions (Every Time Man Profits, Don't Dismiss Serendipity)

Question Score Notes
1. Engineering? 3 CRM and marketplace for gyms and such to transition to digital
2. Timing? 3 Good, the pain is definitely real for gyms in COVIDconomy.
3. Monopoly? 1 Never heard of Gleantap. Also, compare to Peloton's media library and hardware monopoly,, and The Bright App, all startups that are trying

Want to read the whole post?

You don't have access to this post on Startup Investing for All by Muhan Zhang at the moment, but if you upgrade your account you'll be able to see the whole thing, including comments, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.