{"data":{"type":"company_profile","id":95656,"entity_id":"wefunder:company:95656","attributes":{"canonical_url":"https://wefunder.com/gameapart","generated_at":"2026-06-05T18:28:58Z","updated_at":"2026-06-05T05:00:34Z","entity_ids":{"company":"wefunder:company:95656","slug":"wefunder:company_slug:gameapart"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-05T18:28:58Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-05T05:00:34Z","as_of":"2026-06-05T18:28:58Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-05T05:00:34Z","as_of":"2026-06-05T18:28:58Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-05T18:28:58Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-05T18:28:58Z","confidence":"medium"}}},"company":{"id":95656,"entity_id":"wefunder:company:95656","slug":"gameapart","name":"GameApart","tagline":"Party games and teambuilding for any virtual hangout platform","elevator_pitch":"GameApart is a 2-sided marketplace that connects board/party game makers to remote workers \u0026amp; digital natives.","story":"GameApart is the first platform built from the ground up to bring\u0026nbsp;top-notch content—party games, teambuilding activities, icebreakers, and productivity apps—to any virtual meeting or hangout.Zoom reports 300 million daily meeting participants. Microsoft Teams reports 145 million daily active users, and Google Meet has around 100 million. This is a MASSIVE ecosystem of people staring at each other through screens every single day, and the market just keeps growing: Gartner predicts that 51% of global knowledge workers and 53%\u0026nbsp;of the U.S. workforce will be remote or hybrid-remote in 2022, while Microsoft estimates it at 3 out of 5 (60%). These are people who need to relax with, get to know, and have fun with their teammates without happy hours, team lunches, or the proverbial watercooler conversation.GameApart works with any video collaboration platform: Zoom, Microsoft Teams, Google Meet, WebEx, GoToMeeting, Skype, BlueJeans, Slack, you name it (though we integrate more tightly with some than others). A host starts a game or activity on the GameApart website, shares their screen, and users join in on their phones. We're live today with over 100 pilot companies, 15K early access users, and new features and content being added to the platform each month.Remote work and virtual events are here to stay, but no one's making friends or building team culture online. The tools out there aren't built for that!In a post-COVID world where 50-60%\u0026nbsp;(or more) of the workforce is remote or hybrid remote (meaning they work remotely at least part of the time), companies desperately need tools to help their teams\u0026nbsp;foster communication, build morale, and have fun.\u0026nbsp;With our days full of virtual meetings followed by video hangouts with friends and family, online conferences, classes, happy hours and networking events, our interactions are increasingly virtual and Zoom fatigue increasingly prevalent.One day last year, in what must have been our 50th Zoom call of the week, sitting around staring at each other (with drinks in hand) we went looking for a platform for playing games over Zoom… and were kind of surprised to find it didn’t exist! So, we built it.A two-sided marketplace for board/party game makers and remote workers/digital natives.We’ve built it, and so far users love it!We’re live now, with 8 games available (12 if you count different editions for work, families, and so on), 2 more in development and another 12 in the pipeline. Our platform isn’t theoretical or a prototype, but available for teams, friends, and family today!Now we’re engineers, not game designers. So, we’ve built a technology platform for games, teambuilding activities, and other events over Zoom. It’s infinitely scalable, fast, and incredibly easy to use. So much so in fact that 71% of all users that download our app go on to play a game, which is almost unheard of in the gaming space. We’re just getting started, but our sign-up cost is already at just over $2.Since we aren’t game makers, we’ve built out a partnership program with independent party game creators to license their bestseller titles and put them onto our platform – essentially, we’re building the Netflix of party games! We’ve got five partners onboard so far, licensing twelve games, and have actually had to stop signing anymore until we can increase our development capacity.The way it works is straightforward: a host goes to our site, starts a game, and shares their screen over Zoom, Teams, Meet, or any other video conferencing platform. Everyone then joins and uses their phone as their hand of cards, drawing pad, controller, trivia card, etc.You’ll probably recognize our take on Cards Against Humanity (but with GIFs, obviously, because we’re digital and can do that!). So the obvious question is, how much money can we make at this?Well, we sit at the convergence of several markets: mobile gaming is a $98bn space, with casual games representing 68% of the market; enterprise collaboration is a $47bn market; and board/card games are another $16bn and ripe for digitization in the same vein as DVDs have gone to streaming and books to e-readers. At a macro level, the market we’re tackling is huge. More specifically, we’ve built a platform that is a union of “virtual team building”, “games over zoom”, and “party game subscriptions”, and we look at our market across two segments, B2B and B2C.On the B2B front, with 157M people participating in the US workforce and recent projections showing 53% will be working remotely (at least part of the time) by next year, we have a potential user base of 83 MILLION people, at an ARPU (average revenue per user) of $22, giving us a B2B segment size of $1.8bn.On the B2C side, out of 260M smartphone users in the US, 81% are participating in non-work “virtual hangouts”, and of those 80% say they’d like to play games during them (based on three rounds of market research covering 1500 people). This equates to a potential consumer user base of 169 MILLION people, at an ARPU of $12.32 (consumers will pay less, especially since many will be ad-based), and a segment size of $2.1bn.Since we know there’s some overlap between business and consumer users, but we aren’t sure how much yet, we think our serviceable market is between\u0026nbsp;$2.1-3.9 BILLION / YEAR in the United States alone.Now, there’s absolutely competition out there. But none of them are quite like us. Our competition falls into two main categories:Other “platforms” that may provide a library of games and work over a video call, but run expensive, hard-to-use platforms with legacy technology and—frequently—building their own games from scratch.Service providers, who are actually offering their time—hosting a trivia contest, a murder mystery, or a virtual escape room—rather than a technology platform.Ultimately our differentiation against any competitor out there comes down to our platform approach and the unbeatable technology we bring to bear, the partnership model and partnerships we’ve brought on, and the playability of our system, which was born out of real-world frustrations faced by our founders.Our business model is simple. For businesses, we’re a simple SaaS subscription, with companies signing up and buying licenses for their employees, either $2/employee/month or $20/employee/year, using budgets that in a pre-COVID world would have gone to monthly team lunches, happy hours, or outings.For consumers, which represent our longer term growth, the acquisition is a little more complicated but brings in a strong viral element. We acquire an initial host who then goes on to invite their friends and family on to the platform. Anyone can join any game at any time by accepting a rewarded video ad, or can subscribe to the platform for $10/year or $3/quarter to get out of the ads and access premium features. Obviously some of the invited players will go on to host games themselves, perpetuating the viral growth cycle; we’re already seeing an average of 4.2 invites/host, and we’re just getting started!We hope to achieve critical mass of users in 2022, breakeven in 2023, and scale to $99.6M in annual revenue @ 28% EBITDA by 2025We’ve spent this year building our platform, figuring out how to acquire users, sign partners, and implement their games. Next year we’ll start ramping up, with over 200K monthly active users (MAU) and just under $1mm in revenue, and we believe we will\u0026nbsp; become profitable in mid-2023. Then we combine our outstanding long-term unit economics and viral growth potential to build a very profitable business over the next four years, targeting $99.6mm in revenue at 28% EBITDA—and that’s assuming our users only play twice a month and that we don’t branch into original content! We’re VERY confident we can build this into a profitable business either to build out long term or to be acquired into a company in the collaboration or gaming space. (However, projections are not guaranteed.)This section includes forward-looking projections that cannot be guaranteed.Our rock-star team has been through multiple successful exits (including as CEO), includes multiple founders, marquee brands, gaming experience, and have all worked with our founder (and in many cases each other) on other projects.The most important (and impressive) part of the company is the team behind it:James Simmons, our Founder and CEO, has a prior successful exit as CEO of Everyone Counts, a blockchain elections company working to change the world on one end with multiple countries, US states, and UN agencies on one hand and making money servicing the private sector with client including the Oscars, the Emmys, and three of the Big Four accounting firms. Before selling Everyone Counts in a deal M\u0026amp;A Advisor named Corporate/Strategic Deal of the Year for 2018, James spent 10 years in startups running progressively larger technology and product shops, including Head of Engineering at LegalZoom.The rest of our leadership team includes Justin Simmons, our Co-Founder \u0026amp; CTO, who’s leveraged his experience in the gaming space (both personal and professional), the entertainment industry (one of his last projects was the Disney/Fox merger), and two Masters of Engineering degrees to lead the development of our platform; Lee Bellon our fractional CMO; and Bill Kuncz to keep us in line as our fractional CFO. In addition to all having worked with James on other projects, each of these leaders has been a founder or has other exits under their belt, bringing a wealth of experience to the team.Rounding out our core founding team is Stef Histed, marketer extraordinaire, Holly Scott, game producer and owner of hundreds upon hundreds of board/card/party games, Giovanni Hernandez, one-man development army (backed up by our offshore contract team), and Creighton Pyles, rockstar designer.Our advisors include Ryan Linton, for VP of Revenue at Zynga, helping us figure out how to build a mobile gaming giant and make money doing it; Steve Barnes, founder of Neddy Games, one of our first game maker partners helping us figure out the ins and outs of the industry; and Adrian Walters, principal and owner of the Prodo Group, who’s helping us get our ad game together.Most important of all, pretty much everyone on this team has worked with our founder (and in some cases, each other) over the years. This is a team that knows one another and knows how to win together!Forward-looking projections cannot be guaranteed.We set out to build a platform for teambuilding activities and casual games over Zoom (or Teams… Meet… Messenger Rooms… Slack… Discord… WebEx… GoToMeeting… Discord). Turns out it works just as well around the living room (or bar) TV with a FireTV, Roku, AppleTV, ChromeCast, etc.But we’re quickly evolving into a social network all on our own, with direct integrations to Zoom (live now), and Slack/Teams/Facebook in the pipeline to instantly connect with your coworkers, family, or friends (or make new ones!) and join in to this ecosystem of over 545 million people connecting over video each and every day. As that space evolves, we will too, moving into more immersive and fulfilling ways to bridge the gap between in-person and virtual meetings and bringing the intimacy and connection of sitting around a table regardless of where you physically are. We’re raising $1.7-2.5M for our seed round (with a maximum of $250k sourced through Wefunder)\u0026nbsp;with the majority of funds going into Product Development (42%) and then Sales and Marketing (26%). With these funds, which will give us 12-15 months of runway, we’ll hit key milestones of \u0026gt;340K Monthly Active Users and \u0026gt;$250k MRR, while building out our content library and partnership base.We’d love to have you in our corner!Forward-looking projections cannot be guaranteed.","location":"Huntington Beach, CA","website":"https://www.gameapart.com/","total_amount_raised":126060,"total_investors":73,"is_funded":true,"is_active":true,"quality_score":3,"related_urls":["https://wefunder.com/gameapart","https://www.gameapart.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/95656/xxl_cropped_Office_Cropped_w_Logo.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/95656/large_cropped_game.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/95656/standard_cropped_Office_Cropped_w_Logo.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/95656/standard_cropped_Office_Cropped_w_Logo.jpg","profile_video_url":"https://wefunder.wistia.com/medias/cow26c083z"},"links":{"company_url":"https://www.gameapart.com/","facebook_url":"https://www.facebook.com/gameapart/","instagram_url":"https://www.instagram.com/gameapart/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"🚀 51% of workers will be remote in 2022; 550M+ on Zoom, Teams, Google Meet alone (MASSIVE MARKET)"},{"index":2,"claim_id":"claim-fact-2","value":"💸 Experienced founder w/ prior exit (M\u0026amp;A Advisor Deal of the Year) and deep startup expertise"},{"index":3,"claim_id":"claim-fact-3","value":"📈 Some of the world’s biggest companies signed up (incl. Amazon, Walmart, Uber, Snap); 15K+ users"},{"index":4,"claim_id":"claim-fact-4","value":"💰 Raised $500k to date from founders and angel investors"},{"index":5,"claim_id":"claim-fact-5","value":"🤝 5 game makers (partners) onboard with 12 games licensed; had to stop signing more for now"},{"index":6,"claim_id":"claim-fact-6","value":"🕹️ Former VP of Revenue @ Zynga advising on monetization/growth (and is our Lead Investor!)"}],"team":[{"id":1970041,"entity_id":"wefunder:company_role:1970041","user_entity_id":"wefunder:user:1134768","role":"founder","name":"James Simmons","title":"Founder \u0026 CEO","bio":"Second time CEO with prior exit; last startup sold in a deal M\u0026amp;A Advisor named \"Deal of the Year\" in 2018, for a blockchain voting company servicing the Oscars, Emmys, and the United Nations. Extensive tech/product background and startup advisor.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/1970041/square_cropped_xl_square_large_cropped_james_cropped.jpg?1636304547","profile_url":"https://wefunder.com/jamessimmons4","linkedin_url":"https://linkedin.com/in/simmons","twitter_url":"https://twitter.com/islaygold","related_urls":["https://wefunder.com/jamessimmons4"]},{"id":2059821,"entity_id":"wefunder:company_role:2059821","user_entity_id":"wefunder:user:2431510","role":"employee","name":"Justin Simmons","title":"Co-Founder \u0026 CTO","bio":"Deep gaming experience, hard-core engineer (TWO Masters in Engineering degrees), worked the Disney/Fox merger.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2059821/square_cropped_justin_small.jpg?1635973629","profile_url":"https://wefunder.com/justinsimmons4","linkedin_url":"https://www.linkedin.com/in/justin-simmons-366aa144/","related_urls":["https://wefunder.com/justinsimmons4"]}],"featured_investors":[{"id":5744,"entity_id":"wefunder:company_investor_profile:5744","investor_profile_id":1916758,"investor_profile_entity_id":"wefunder:investor_profile:1916758","subject_entity_id":"wefunder:user:2434927","name":"Ryan Linton","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2434927/medium_cropped_1517711262203.jpg","profile_url":"https://wefunder.com/ryan.linton","investment_total":7500,"investment_info":"Invested $7,500 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/ryan.linton"]}],"investor_memos":[],"tab_counts":{"posts":4,"ask_questions":9,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":50172,"entity_id":"wefunder:fundraise:50172","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2021-11-17T18:41:07Z","funding_closed_at":"2022-05-02T05:05:42Z","auto_close_at":"2022-05-01T03:59:59Z"},{"id":50173,"entity_id":"wefunder:fundraise:50173","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2021-10-15T21:30:16Z"}],"latest_fundraise":{"id":50172,"entity_id":"wefunder:fundraise:50172","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2021-11-17T18:41:07Z","funding_closed_at":"2022-05-02T05:05:42Z","terms":{"eb":"$8M","nb":"$10M","txt":"valuation cap"}},"recent_posts":[{"id":154112,"entity_id":"wefunder:feed_item:154112","type":"FeedItem::Update","visibility":"public","title":"We're getting some press!","preview":"Hi all!James has been busy spreading the word about GameApart to all who will hear it! He hates seeing himself talk, so probably won’t share it himself, but I wanted to keep you up to speed on some of the great press we’ve been getting lately:NewsNet with Andy Hirscheld interviewed James on virtual workplace culture\u0026nbsp;We spent time walking through our vision, plan, and all around thoughts on board and party games with Riley @ The Board Game Community Show podcast.NBS affiliate KALB hosted ...","published_at":"2022-03-31T01:01:17Z","author_name":"Justin Simmons","url":"/feed/154112","canonical_url":"https://wefunder.com/feed/154112"},{"id":152385,"entity_id":"wefunder:feed_item:152385","type":"FeedItem::Update","visibility":"public","title":"An overdue update","preview":"Hi everyone!We've been remiss with our updates here. Not because there hasn't been a lot going on, but because we've been buried kicking off the year. Expect a flurry of stuff over the next few weeks here... some formal announcements, some updates on our campaign, and some exciting events to share!The most important, and where we've been spending most of our time, is in listening to our users (and investors) and pivoting the direction of the company. At our heart, we exist to make Zoom calls ...","published_at":"2022-03-23T05:16:39Z","author_name":"James Simmons","url":"/feed/152385","canonical_url":"https://wefunder.com/feed/152385"},{"id":151005,"entity_id":"wefunder:feed_item:151005","type":"FeedItem::Update","visibility":"public","title":"Welcoming FLUSTER to the GameApart platform","preview":"Hi everyone!As our campaign continues, we’re hard at work building out our platform and bringing additional content to our growing library. We are launching FLUSTER, the social card game that inspires hilarious stories, sparks insightful moments, and deepens friendships! Fit for teams, friends, and families, there are no winners or losers - just questions that bring people closer together while having some fun, which is the core of GameApart’s mission.This is the digital version of a licensed...","published_at":"2021-12-11T19:20:20Z","author_name":"James Simmons","url":"/feed/151005","canonical_url":"https://wefunder.com/feed/151005"},{"id":150157,"entity_id":"wefunder:feed_item:150157","type":"FeedItem::Update","visibility":"public","title":"Aaaannndddd we're live! 🎉 (action required)","preview":"Hi everyone!The moment we've been waiting for has arrived. The paperwork has all been filed (finally 🙏) and our Reg CF crowdfunding campaign is fully live. We're so grateful to the friends and family (both old and new!) that have committed to supporting our mission to cure Zoom fatigue and revolutionize the party game industry all at once!🚨 ACTION REQUIRED: per regulations, all investors need to login and re-confirm their investment. More details below.📢 We're also thrilled to announce Ryan L...","published_at":"2021-11-23T01:09:58Z","author_name":"James Simmons","url":"/feed/150157","canonical_url":"https://wefunder.com/feed/150157"}],"q_and_a":[{"id":182178,"entity_id":"wefunder:comment:182178","question":"Hey, James！We are building a new virtual office platform, Can we make the integration between our product and Gameapart if we invest in this round? Because we usually do invest with our partner companies.","author_name":"Leo YE","votes":1,"created_at":"2021-12-02T04:40:10Z","canonical_url":"https://wefunder.com/gameapart#question-182178","answers":[{"id":182180,"entity_id":"wefunder:comment:182180","answer":"Hi Leo. Absolutely--we'd love to integrate! Feel free to ping me (james@gameapart.com) if you want to discuss in detail.","author_name":"James Simmons","votes":0,"created_at":"2021-12-02T05:02:57Z"}]},{"id":178908,"entity_id":"wefunder:comment:178908","question":"1) Aside from specific game titles, how are you different from other companies doing the same thing - specifically, Gamestar? 2) With respect to the titles you've licensed, how long does the license last and what are the renewal terms? 3) What's the exit strategy?","author_name":"Kevin Hardman","votes":1,"created_at":"2021-11-11T20:03:24Z","canonical_url":"https://wefunder.com/gameapart#question-178908","answers":[{"id":178937,"entity_id":"wefunder:comment:178937","answer":"Thanks Kevin, great questions! 1) Want to take the opportunity to speak to Gamestar specifically, since we fully expect investors to see us next to their recent (very successful!) raise and have questions. TL;DR -- while there are a lot of similarities at first glance, we're playing in a fundamentally different space. While they're working to revolutionize the board game experience for friends and families in the home, we're working to do the same thing for friends, families, and teams that can't be together in person. In a nutshell, our model is the \"games over Zoom\" space, targeting the hundreds of millions of people connecting and collaborating in the Zoom, Teams, and Google Meet ecosystems each day. 2) The licenses are generally one year with automatic yearly extensions. We do not pay a license fee but rather structure it as a revenue split and are able to allocate all revenue down to individual games; this is why our COGS is relatively high, but keeps our risk low and our partners incentivized to drive their audience our way (and less threatened by our model). Our cost per title is purely development/implementation related, with actual costs in the $10-15K/title range. 3) Eventual acquisition by either a collaboration platform or game studio looking to add the \"games over Zoom\" space to its portfolio. Recent examples include the acquisition of Backyard (as part of Ubiquity6) by Discord and Houseparty by Epic. Of course there are other, more complicated scenarios, but those are the clearest. SOME DISCLOSURES: - Any forward-looking projections or plans cannot be guaranteed - I personally participated in the Gamestar offering","author_name":"James Simmons","votes":1,"created_at":"2021-11-11T22:57:10Z"}]},{"id":197049,"entity_id":"wefunder:comment:197049","question":"It looks like the campaign was extended. What's the new closing date?","author_name":"Kevin Hardman","votes":0,"created_at":"2022-03-18T15:20:48Z","canonical_url":"https://wefunder.com/gameapart#question-197049","answers":[]},{"id":186105,"entity_id":"wefunder:comment:186105","question":"The pitch states, \"Some of the world’s biggest companies signed up (incl. Amazon, Walmart, Uber, Snap).\" What exactly did they sign up for and under what terms?","author_name":"Kevin Hardman","votes":0,"created_at":"2022-01-04T18:51:01Z","canonical_url":"https://wefunder.com/gameapart#question-186105","answers":[{"id":190676,"entity_id":"wefunder:comment:190676","answer":"Kevin--I'm so sorry for the delayed response here! These clients have signed up for our B2B pilot program, the terms of which have evolved as we take that program from MVP to sales ready. From a revenue perspective, we haven't converted any of these major clients into a large recurring revenue stream yet--we're pretty very early on the revenue front, with some money coming in from ads and consumer subscriptions. We do have a couple enterprise clients that we're moving down the sales funnel, but still in the pilot phase. We also hope to be announcing some new partnerships to drive B2B acquisitions in the next month here!","author_name":"James Simmons","votes":1,"created_at":"2022-02-01T16:34:13Z"}]},{"id":181232,"entity_id":"wefunder:comment:181232","question":"Hello, I have questions: 1) what is the valuation of your company right now? And what value do you expect to have in 2025 (around 5 years)? 2) Do you have long term debts or any other liabilities apart from the short term debts of $930 ?","author_name":"Jane Reinhardt","votes":0,"created_at":"2021-11-25T16:04:39Z","canonical_url":"https://wefunder.com/gameapart#question-181232","answers":[{"id":181284,"entity_id":"wefunder:comment:181284","answer":"Hi Jane! Thanks for the questions: 1. We're valuing this round at $10M (with a 20% early bird discount still available at the time of this answer). Outside of Wefunder we've taken in around $150K on convertible notes with a $10M cap. We had a small priced round a year ago that valued the company (pre-launch / pre-revenue at the time) at $1.35M and, since several of the investors from our pre-seed have committed additional funds now, feel we've got a fair idea of current valuation given we've since launched the product, brought on partners, grown the team, and started acquiring customers and a (small amount!) of revenue. We are targeting monthly revenues of 12.6M by December 2025, with TTM revenue of $99M. This represents capturing about 5% of our target market with an average revenue per user (ARPU) of ~$12 for consumer customers and ~$20/employee for B2B customers. Estimating valuation is always a tricky game, but we'd be looking for a 10-12x multiple on revenue or a 42-50x multiple on EBITDA (based on analyses like this: finerva.com/report/b…valuation-multiples); this would give us an enterprise value of $990M - $1.3B. 2. Yes, we have around $60K in debt to some of our existing investors (myself included) who have provided additional operating capital in excess of our budget this year; the majority of this we plan to repay using tax incentives we're eligible for as a startup (specifically R\u0026amp;D credits and the employee retention credit offered this year). I think these items don't appear in our financial roll up since that's based on 2020 financials, but further down in our disclosures you can see full details of this. We have no other outstanding liabilities. ** Please note that any forward-looking statements on revenues or valuation can't be guaranteed.","author_name":"James Simmons","votes":0,"created_at":"2021-11-25T18:51:19Z"}]},{"id":181183,"entity_id":"wefunder:comment:181183","question":"Hello, few questions please: 1) Statement \"Founder has a prior successful exit (M\u0026amp;A Advisor's \"Deal of the Year\" for 2018)\" - I would expect founders with a successful exit would have investors lining up and dropping $100K checks, instead of the lead investor went in only with $7.5K. When I see these type of statements, I personally expect the founder has built a company with $10M+ revenue and sold it for an amount that delivered a massive ROI to investors. Is this the case here? What's the name of the company? Please could you share some details about revenues, ROI to investors, etc...? 2) I visited LinkedIn profile of one of your founders: https://www.linkedin.com/in/simmons/ I found it highly suspicious that you are raising money, yet not even mention about your startup to your business network - Why is that? 3) I have about 10K customers and about 3K of them follow my company on Facebook. With a claim of 10K early adopters - why do you only have 100 followers on facebook, and only 27 investors in your campaign? One would expect that if 10K users who love your service would find out about your crowdfunding, you should have at least a few hundred to a couple thousand investors in your campaign by now. Did an email go out to your 10K customers about your crowdfunding campaign? I am just trying to figure out what is going on here, because the numbers don't add up to me 4) I see thousands of companies crowdfunding each year - Why don't you have any mention on top of your homepage about your crowdfunding? Thank you. Regards, V","author_name":"Vilem Fruhbauer","votes":0,"created_at":"2021-11-25T04:41:49Z","canonical_url":"https://wefunder.com/gameapart#question-181183","answers":[{"id":181275,"entity_id":"wefunder:comment:181275","answer":"Hi Vilem. All fair questions -- I'll do my best to answer them, and happy to connect with you offline as well if you'd be interested in diving deeper! 1. I wish it were that straightforward! We have had early angel investment out of my personal network of ~$300K, and we're raising the bulk of our seed round off platform from institutional investors, as noted in the pitch. On the prior exit, I was CEO (not the original founder, took over after the company's Series A) of Everyone Counts, a digital voting platform taking on the elections space. We brought in revenue handling the voting for private entities like the Oscars, the Emmys, partnership votes, etc. while working to change the world on the public side. As many people have learned since 2020, the election tech space is a crazy one, and we ultimately determined that to achieve the mission we'd need either a massive war chest and very patient investors, or find a buyer with those things. As far as our Wefunder lead investor, for the purposes of representing our Wefunder investors we were most interested in a partner that brings strategic insight and highly relevant experience to the table, over sheer dollars. 2. The LinkedIn link in your question isn't me :). But assuming that was a typo, you're right (mostly!) that I haven't aggressively pitched this campaign there publicly yet. In part, I engage my business network through other channels (catch up calls, coffee, and direct notes). However--and this speaks a little to your questions 3 and 4 as well--as we just completed our Form C and went live late last week, we decided to start our aggressive public marketing of the campaign across multiple channels (to existing users, our various social networks, etc.) after the mad rush of Black Friday / Cyber Monday deals flooding everyone this week. 3. That's incredible that 30% of your customer base follows you on social--I wish we could get there! We definitely intend to expand our social media footprint with the proceeds of this campaign, but generally have found social media isn't our highest-performing acquisition channel. In terms of customers becoming investors... I'm afraid that the numbers you're quoting aren't realistic. We absolutely want as many of users as possible to come onboard as investors... but 10K users most definitely doesn't translate to a few hundred to a couple thousand investors, no matter how much they might love your product. In my experience, when push comes to shove it's one thing to be a consumer of a product or service, and a very different one to invest in the business behind it. 4. We will be putting some very light content about our raise on the website next week, but it will be very inobtrusive. We've worked very hard on our conversion funnel, which is how we get 71% of users who sign up to play, and a cost-per-sign-up of ~$1.50. The audience who wants to USE our product is very different from the audience who might want to INVEST in our company, and we don't want to introduce any friction, confusion, or speed bumps into their onboarding journey. Sorry for the very long response, but wanted to try and address your questions as thoroughly as possible. While I don't agree with several of your points, I deeply appreciate the commitment of your time and energy in checking us out and doing your diligence, and I would absolutely love to convince you to join us in our journey as an investor/partner moving forward! As I said above, please don't hesitate to reach out if you'd like to dive into any of this deeper!","author_name":"James Simmons","votes":0,"created_at":"2021-11-25T18:30:21Z"}]},{"id":179959,"entity_id":"wefunder:comment:179959","question":"Why not also promote this as digital board games at home? Instead of me having to buy a game, I can also have friends over and play virtually on a tv as opposed to a messy board game I have to clean up. Play from anywhere type promotion. I see you can do that.","author_name":"Adam Sampson","votes":0,"created_at":"2021-11-19T00:14:49Z","canonical_url":"https://wefunder.com/gameapart#question-179959","answers":[{"id":180302,"entity_id":"wefunder:comment:180302","answer":"That's absolutely a use case we support -- just cast our tabletop to any TV and subscribe, and you have access to a growing library of games for less than the cost of buying one of these games off the shelf, with the added benefits of remote players, refresh content, bring in more interactivity (audio and video), instant set up and tear down, and it's better for the environment! We're getting ready to release our FireTV app in the next few months, with other platforms to follow. We don't promote that heavily yet because our \"core\" focus is enabling these games and activities over Zoom, Teams, Google Meet, etc. -- where there are hundreds of millions of people already gathering every day on platforms (esp. Zoom) trying to build an ecosystem out of their user base. In this arena we feel we're the best platform on the market right now, between our marketplace approach and underlying tech. There are others tackling the in-home digital board game space directly, and rather than try and compete with and differentiate ourselves against those players at this point, given our limited resources and the green field around \"virtual hangouts\" and \"future of work\", we're keeping our message all around virtual play for consumers and businesses.","author_name":"James Simmons","votes":1,"created_at":"2021-11-22T17:58:30Z"}]},{"id":179958,"entity_id":"wefunder:comment:179958","question":"What if I am a user and want to play immediately in a random room with random people?","author_name":"Tal Charnes","votes":0,"created_at":"2021-11-19T00:06:36Z","canonical_url":"https://wefunder.com/gameapart#question-179958","answers":[{"id":180300,"entity_id":"wefunder:comment:180300","answer":"We've mapped out pick up games -- MVP through Discord, with our own lobby to follow -- but won't push it until we've got a critical mass of users such that this would be a good customer experience. Don't want to surface the option and then have people click in to empty rooms. We host regular \"drop in\" style games currently, which will be expanded as we grow!","author_name":"James Simmons","votes":1,"created_at":"2021-11-22T17:50:13Z"}]},{"id":179591,"entity_id":"wefunder:comment:179591","question":"I don't doubt there are hundreds of millions on people on platforms like Zoom \u0026amp; MS Teams. Realistically speaking, most of these platforms are used for business purposeses. What is the target for the service in terms of daily users by Q3-Q4 2022?","author_name":"Randall Chew","votes":0,"created_at":"2021-11-16T10:39:42Z","canonical_url":"https://wefunder.com/gameapart#question-179591","answers":[{"id":179664,"entity_id":"wefunder:comment:179664","answer":"Hi Randall -- thanks for the question. Target MAU for end of Q3 is 132K, end of Q4 222K. You're completely right on the business use side, and we are targeting B2B (virtual teambuilding) as a core growth driver in 2022 as Gartner estimates 51% of US-based knowledge workers will be fully or partially remote by the end of 2022, and companies need options to replace team lunches and happy hours in the post-COVID world. I realize you asked about daily users, but given the nature of our platform (games over Zoom) we don't expect or need it to be a daily use dynamic. At our target ARPU this will put us comfortably over the $1MM run rate. At the same time, there are more consumer users of video these days than we'd expect. We've run a market research survey three times over the past 18 months now, and the first question is \"Have you been on a non-work virtual hangout in the past 90 days?\" with 81% responding yes (and the number continuing to tick up even as pandemic restrictions recede. Virtual hangouts, happy hours, birthday parties, catch ups, bridal showers, etc. aren't going to replace physical get togethers any time soon, but they've definitely become part of our social toolbox, especially among certain demographics that were already predisposed to video calls. Any forward-looking projections or plans cannot be guaranteed.","author_name":"James Simmons","votes":1,"created_at":"2021-11-16T23:31:22Z"}]}],"faq":[{"question":"1) Aside from specific game titles, how are you different from other companies doing the same thing - specifically, Gamestar? 2) With respect to the titles you've licensed, how long does the license last and what are the renewal terms? 3) What's the exit strategy?","answer":"Thanks Kevin, great questions! 1) Want to take the opportunity to speak to Gamestar specifically, since we fully expect investors to see us next to their recent (very successful!) raise and have questions. TL;DR -- while there are a lot of similarities at first glance, we're playing in a fundamentally different space. While they're working to revolutionize the board game experience for friends and families in the home, we're working to do the same thing for friends, families, and teams that c..."},{"question":"I don't doubt there are hundreds of millions on people on platforms like Zoom \u0026amp; MS Teams. Realistically speaking, most of these platforms are used for business purposeses. What is the target for the service in terms of daily users by Q3-Q4 2022?","answer":"Hi Randall -- thanks for the question. Target MAU for end of Q3 is 132K, end of Q4 222K. You're completely right on the business use side, and we are targeting B2B (virtual teambuilding) as a core growth driver in 2022 as Gartner estimates 51% of US-based knowledge workers will be fully or partially remote by the end of 2022, and companies need options to replace team lunches and happy hours in the post-COVID world. I realize you asked about daily users, but given the nature of our platform (..."},{"question":"What if I am a user and want to play immediately in a random room with random people?","answer":"We've mapped out pick up games -- MVP through Discord, with our own lobby to follow -- but won't push it until we've got a critical mass of users such that this would be a good customer experience. Don't want to surface the option and then have people click in to empty rooms. We host regular \"drop in\" style games currently, which will be expanded as we grow!"},{"question":"Why not also promote this as digital board games at home? Instead of me having to buy a game, I can also have friends over and play virtually on a tv as opposed to a messy board game I have to clean up. Play from anywhere type promotion. I see you can do that.","answer":"That's absolutely a use case we support -- just cast our tabletop to any TV and subscribe, and you have access to a growing library of games for less than the cost of buying one of these games off the shelf, with the added benefits of remote players, refresh content, bring in more interactivity (audio and video), instant set up and tear down, and it's better for the environment! We're getting ready to release our FireTV app in the next few months, with other platforms to follow. We don't prom..."},{"question":"Hello, few questions please: 1) Statement \"Founder has a prior successful exit (M\u0026amp;A Advisor's \"Deal of the Year\" for 2018)\" - I would expect founders with a successful exit would have investors lining up and dropping $100K checks, instead of the lead investor went in only ...","answer":"Hi Vilem. All fair questions -- I'll do my best to answer them, and happy to connect with you offline as well if you'd be interested in diving deeper! 1. I wish it were that straightforward! We have had early angel investment out of my personal network of ~$300K, and we're raising the bulk of our seed round off platform from institutional investors, as noted in the pitch. On the prior exit, I was CEO (not the original founder, took over after the company's Series A) of Everyone Counts, a digi..."}]}}}