Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?

Hi Teddy, thanks for the question! a) In November, we burned ~$32K. December will be a slightly higher burn because we had some larger end of year expenses hit. We expect December to be around $38K. b) On Nov. 30, 2023 we had $137K on hand. We also have ~$100K in SPVs that we are actively raising into. c) Yes, we are raising a Reg D in parallel from both angels and VC. I don't feel comfortable naming angel investors here, but I am happy to do so on a call. Keyhorse Capital is a midwestern VC ...

I'm from D3VC, a venture fund that specializes in equity crowdfunding deals, particularly in innovative and forward-thinking companies. I've got a couple of questions that piqued our interest: Firstly, we're eager to know if Guide Book's revenue saw an increase in 2023 compare...

Hi Zac, I believe all of the financials are detailed here on the Wefunder platform. We have not yet monetized the product. Regarding the number of investors, I am not sure why they aren't shown. As of 2/15 we have 9 investors on Wefunder (Reg CF). If you would like more details on our Reg D raise, please reach out at stuart@guidebookco.com. Thanks

Hi Stuart, Thanks for the insights. A couple of follow-ups on our end: What's the planned timeline for market entry, and what is your current burn rate? Will the $400,000 raised be sufficient to reach market launch? Additionally, we're interested in understanding the main chal...

Hi Zac, thanks for the questions again. Our product is live. You can check it out at guidebookco.com. We will begin monetization in March, just a few days away. The goal we set on Wefunder was just our Wefunder goal. We are targeting a much larger raise overall. But the $400K (now $500K) we have raised gives us runway to move well into 2024. As far as the monetization challenges go, we could have monetized at any point over the last 6 months. But for a number of strategic reasons we chose not...

Guide Book

A new way to find and book fishing guides

guidebookco.com

Louisville, KY

Technology SaaS Recreation

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LEAD INVESTOR

Invested $5,000 this round

We invested in Guide Book because the activity booking market continues to expand and Guided experiences are particularly attractive to high net work individuals. Additionally, as the Founder of Romeo Bravo Software, I see a unique opportunity for Guide Book to add revenue to Romeo Bravo Customers and to reach areas of the market that we cannot. The team at Guide Book is passionate and adaptable and we expect them to grow steadily over the next several years. And finally, the commission on bookings model continues to flourish which is good news for a company that is in a vertical market with high price elasticity and growing like Guide Book.

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