|1||A post on Gides isn't only an image, video, tweet, or status update—it's anything you can think of|
|2||Using a browser or in our app, we use an easy patent-pending chat/sms-style interface to make posts|
|3||Our website-style post format makes it incredibly easy to create and share content that has value|
|4||With one click, users can charge for their digital content via rental, subscription, or purchase|
|5||Gides will expand the market size for digital sales the way Airbnb and Uber expanded their markets|
|6||When our users make money, so do we. We will also generate revenue from ads and subscription plans|
|7||With a plan, anyone can turn their content in Gides into a custom website using any domain name|
Gides is both the future of the internet, and the internet of the future, and bringing such an ambitious project to life would be impossible without a leader and visionary as passionate and committed as Jeff. With singular focus, he has brought Gides from ideation to reality. Jeff continually demonstrates an unwavering commitment not just to Gides as a platform, but the democratization of the internet for the greater good of humanity and I cannot imagine a more suitable leader for a project of this gravity and scale.
Ever noticed how hard it is to create quality web content? Now imagine you don't have access to a computer, English isn't your first language, or you don't have the budget to pay a professional web designer.
That's where Gides comes in...
Gides is building a universally-accessible internet experience. We are the world's first full-featured social publishing platform. Anyone on earth can now create and share website-quality content from their phone, no matter who they are or where they live.
Our worldwide mission is to give everyone with a phone the same opportunities as a web professional with a desktop—all while harnessing the power of a social media community.
Gides is social done differently: We are committed to the principle that people can share without sacrificing their privacy. We believe it’s time to put humane principles back into the social media machine. Our mission is to foster the sharing of useful knowledge instead of trying to maximize your attention through addictive design choices
After getting Gides ready for beta users, we were primed to make the Angel and VC circuit when the stock market crashed because of COVID-19. All of a sudden, the funds we had counted on were no longer available and the world had changed. That brings us to this moment!
We’ve created a robust revenue model that will enable us to scale Gides exponentially as the platform gains traction. Take a look!
Gides is democratizing online opportunities by combining the power of multiple platforms into one. With that in mind, we have no direct competitors. Instead, we’re entering multiple avenues of opportunity.
Right now, we’re in private beta mode with Gides. And the feedback has been phenomenal! Here’s what our users have to say:
Our public launch is scheduled for November 2020, and we’re confident our user base will only go up from there as influencers and creators flock to Gides to:
Gides is for everyone who wants to share knowledge. It’s the perfect platform for Creators, Bloggers, Influencers, Groups, Business Owners. or any social media user who wants more flexibility. If you are sharing online, and know how to use a chat app, then you can share online like a web professional with Gides.
Gides is primed and ready to become the social and e-commerce platform of the future. As we launch to the public, our initial focus will be on scaling awareness and refining the platform. From there, we’ll initiate our digital revenue plan—beginning with upgraded membership options and event hosting. Next, we’ll open e-commerce and advertising channels and accelerate full-speed into profitability.
Gides is the future of social media, and via our Wefunder campaign, you have a unique opportunity to invest early—imagine investing this early on Facebook! We have the team, the drive, and the expertise; all we need is your help to usher in the next generational shift in content creation and sharing.
Gides has financial statements ending July 22 2020. Our cash in hand is $24,642.42, as of July 2020. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $50,000/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Gides is a social publishing platform that enables anyone to create, edit, and share website-quality content from their phone. We marry speed and simplicity with advanced functionality. Flexible, feature-rich posts are as quick and easy to make as sending a text message, and can easily be paired with powerful eCommerce functions. Our mission is to give everyone on earth with a phone the same opportunities as a web professional with a desktop.
Gides hopes (but not guarantees) to usher in the next generational shift in content creation and sharing, transforming the internet from a collection of language, location, and affluence-based fiefdoms into a true seamless web of information, knowledge, and opportunity. People of all nations and backgrounds will be able to share or search for any type of information regardless of what language they speak. All people will have the ability to harness the technical and income potential of the internet equally.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Latett, Inc. was incorporated in the State of Delaware in January 2016.
Since then, we have:
Historical Results of Operations
Related Party Transaction
Refer to Question 26 of this Form C for disclosure of all related party transactions.
Liquidity & Capital Resources
To-date, the company has been financed with $2,700,000 in debt and $1,250,000 in equity.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 1 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 6 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Latett, Inc. cash in hand is $24,642.42, as of July 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $50,000/month, for an average burn rate of $50,000 per month. Our intent is to be profitable in 18 months.
Our operations continue to be focused on launching publicly. We have reduced expenses where appropriate to maximize the impact of the fundraising.
Revenues are slated to commence the 1st Quarter of 2021. Expenses will average $75,000/month. If we raise $1M, we believe we'll have enough capital to start generating revenues. If we only raise the minimum, we will cut costs and pause development while looking for additional sources of funding or investment. Once we secure the additional amount, development will resume and we’ll be able to finish the revenue-generation features.
The company is at a point where outside, non-friends/family investment is the appropriate avenue. In addition to raising via Reg. CF, we are also actively pursuing Reg D investors.
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
We need to raise $250k in the next 60 days. Employees are working in part for for compensation that will be delivered on a schedule that pays in September. Part of the money raised will be used to make the payroll scheduled in this timeframe.
Presently the company does not have revenue. If we run out of money before implementing revenue generating features for businesses (such as website hosting or the ability to sell content or items using the platform), this could prevent the company from succeeding if enough investment money isn't raised to offset costs.
If we run out of money before B2C sign ups hit the growth phase that indicates we’re going to have millions of users, it could hamper further investment. Initially, B2C users will only cost the company money (to host and display their content); however, once we implement advertising it will produce a revenue stream from these users.
The Series A investor and the Founder have entered into a Voting Agreement granting the Series A investor the right to vote the Founder's shares should the company be unable to make payroll. In the event the Series A investor acquires these rights it could change the direction of the company.
The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.
The company is presently in in debt in the amount of $2.7 million to the lead investor. This debt must be repaid in full on a schedule with variable payments by January 31, 2023
If a more established player copies us before we have developed enough momentum and market traction to be seen as a truly unique option for certain types of digital creation and posting, it could jeopardize our ability to implement the business plan.
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