{"data":{"type":"company_profile_ai","id":16807,"entity_id":"wefunder:company:16807","attributes":{"canonical_url":"https://wefunder.com/loveseat","retrieval_urls":{"canonical":"https://wefunder.com/loveseat","json":"https://wefunder.com/loveseat.json","markdown":"https://wefunder.com/loveseat.md","ai_json":"https://wefunder.com/loveseat.ai.json","ai_text":"https://wefunder.com/loveseat.ai.txt","changelog_json":"https://wefunder.com/loveseat.changelog.json","schema":"https://wefunder.com/.well-known/ai-profile-schema.json"},"updated_at":"2026-06-22T05:02:55Z","generated_at":"2026-06-22T22:20:09Z","profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":false,"privacy_mode":"unlisted","invite_only":false},"company":{"id":16807,"entity_id":"wefunder:company:16807","slug":"loveseat","name":"Loveseat.com","tagline":"Online Vintage Furniture Auction","elevator_pitch":"Loveseat.com is a thriving local online auction marketplace in San Diego \u0026amp; Los Angeles.\u0026nbsp; Today we are selling over 2,000 pieces of furniture and decor on a monthly basis.\u0026nbsp; We are raising money to scale up our operations in our current markets as well as to expand geographically, ultimately to every city in the United States.","description":"Loveseat is the best way to buy vintage home furniture in San Diego \u0026amp; Los Angeles. Shabby Chic, Vintage, Mid Century Modern and much more.","location":"Austin, TX","website":"https://www.loveseat.com","total_amount_raised":242047,"total_investors":271,"is_funded":true,"is_active":true},"key_claims":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 242047","citation":"https://wefunder.com/loveseat#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-22T05:02:55Z","as_of":"2026-06-22T22:20:09Z","confidence":"high"},"observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-23T05:02:55Z"},{"claim_id":"claim-total-investors","text":"Total investors: 271","citation":"https://wefunder.com/loveseat#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-22T05:02:55Z","as_of":"2026-06-22T22:20:09Z","confidence":"high"},"observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-23T05:02:55Z"}],"verified_facts":[{"claim_id":"claim-total-raised","text":"Total raised on Wefunder: 242047","citation":"https://wefunder.com/loveseat#claim-total-raised","provenance":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-22T05:02:55Z","as_of":"2026-06-22T22:20:09Z","confidence":"high"},"observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-23T05:02:55Z"},{"claim_id":"claim-total-investors","text":"Total investors: 271","citation":"https://wefunder.com/loveseat#claim-total-investors","provenance":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-22T05:02:55Z","as_of":"2026-06-22T22:20:09Z","confidence":"high"},"observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-23T05:02:55Z"}],"company_claims":{"tagline":"Online Vintage Furniture Auction","elevator_pitch":"Loveseat.com is a thriving local online auction marketplace in San Diego \u0026amp; Los Angeles.\u0026nbsp; Today we are selling over 2,000 pieces of furniture and decor on a monthly basis.\u0026nbsp; We are raising money to scale up our operations in our current markets as well as to expand geographically, ultimately to every city in the United States.","description":"Loveseat is the best way to buy vintage home furniture in San Diego \u0026amp; Los Angeles. Shabby Chic, Vintage, Mid Century Modern and much more.","story":"Selling used furniture and other large items\u0026nbsp;is a process full of friction. Marketplaces like Craigslist make it somewhat easy to sell an item or two locally, however, if you have many items to sell or don't have much time, it quickly becomes very difficult and turns into a job.In our prior format as a used furniture ecommerce business, we bought tons (literally) of furniture from individual sellers. Through this experience, we discovered there is an enormous liquidity problem that no one is addressing.Liquidating home furnishings is a major challenge for people every day - downsizing a whole house, big moves, estates and retail liquidations. The problem extends well past furniture into many categories of items that are difficult or cost prohibitive to ship.Through our prior experience as a buyer, we also spent countless hours at large in-person auctions. Although these auctions are effective, they aren't very consumer-friendly and primarily cater to resellers. We’re bringing this low-tech local auction business model online and making it approachable for anyone to participate as a buyer or a seller.We believe this a huge untapped category of ecommerce that is over $1b annually.The Loveseat TeamChris Stanchak CEOWharton, TicketLeap (Exit) FounderJenny Stanchak CTOWharton, Deutsche Bank, Venmo (Exit) Engineer #7How Loveseat WorksOur auction format makes it super easy for sellers to liquidate any number of used goods. All auctions are held out of our warehouses, and our team handles all the work of taking professional photos, measuring and listing the items online. Our bidding software is built specifically with the everyday buyer in mind, which maximizes cash value for our sellers and ensures almost 100% of our items sell in 1 week.The Seller ExperienceApply to consign by uploading photosGet approved in under 24 hoursSchedule a paid pickup (or drop off for free)Receive payment in\u0026nbsp;2 weeksThe Loveseat ProcessTake professional studio item\u0026nbsp;photosCreate item listings\u0026nbsp;on Loveseat.comGroup items in\u0026nbsp;auctions published every weekStage items for an in-person previewThe Buyer ExperienceFavorite items on our websitePreview items in our warehousePlace your winning bid onlinePick up your wins (or use 3rd party delivery)","quick_facts":["Selling 500+ pieces of furniture each week.\u0026nbsp;","96% of items sell in 1 week at an average price of $55.","Solid founding team - Wharton / Venmo (exit) / Ticketleap (exit).","61% of bidders repeat monthly.","Take rate is 68% of Gross Merchandise Sales.","Market opportunity north of $1b annually.","Nearly 25% of consignors have participated in 3+ auctions.","1500+ bidder registrations\u0026nbsp;monthly."]},"computed_metrics":{"total_amount_raised":242047,"total_investors":271,"team_size":2,"featured_investor_count":1,"faq_count":5,"recent_post_count":0},"quick_facts":[{"claim_id":"claim-fact-1","value":"Selling 500+ pieces of furniture each week.\u0026nbsp;","citation":"https://wefunder.com/loveseat#claim-fact-1","observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-29T05:02:55Z"},{"claim_id":"claim-fact-2","value":"96% of items sell in 1 week at an average price of $55.","citation":"https://wefunder.com/loveseat#claim-fact-2","observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-29T05:02:55Z"},{"claim_id":"claim-fact-3","value":"Solid founding team - Wharton / Venmo (exit) / Ticketleap (exit).","citation":"https://wefunder.com/loveseat#claim-fact-3","observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-29T05:02:55Z"},{"claim_id":"claim-fact-4","value":"61% of bidders repeat monthly.","citation":"https://wefunder.com/loveseat#claim-fact-4","observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-29T05:02:55Z"},{"claim_id":"claim-fact-5","value":"Take rate is 68% of Gross Merchandise Sales.","citation":"https://wefunder.com/loveseat#claim-fact-5","observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-29T05:02:55Z"},{"claim_id":"claim-fact-6","value":"Market opportunity north of $1b annually.","citation":"https://wefunder.com/loveseat#claim-fact-6","observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-29T05:02:55Z"},{"claim_id":"claim-fact-7","value":"Nearly 25% of consignors have participated in 3+ auctions.","citation":"https://wefunder.com/loveseat#claim-fact-7","observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-29T05:02:55Z"},{"claim_id":"claim-fact-8","value":"1500+ bidder registrations\u0026nbsp;monthly.","citation":"https://wefunder.com/loveseat#claim-fact-8","observed_at":"2026-06-22T05:02:55Z","expires_at":"2026-06-29T05:02:55Z"}],"latest_fundraise":{"id":27781,"entity_id":"wefunder:fundraise:27781","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2019-05-22T18:08:05Z","funding_closed_at":"2019-12-10T05:00:59Z"},"investor_memos":[],"team":[{"id":130076,"entity_id":"wefunder:company_role:130076","name":"Chris Stanchak","title":"Cofounder \u0026 CEO","role":"founder","profile_url":"https://wefunder.com/chrisstanchak"},{"id":130078,"entity_id":"wefunder:company_role:130078","name":"Jenny Stanchak","title":"Cofounder \u0026 CTO","role":"founder"}],"featured_investors":[{"id":4690,"entity_id":"wefunder:company_investor_profile:4690","name":"Gabriel Weinberg","bio":"CEO and Founder, DuckDuckGo","profile_url":"https://wefunder.com/gabrielweinberg"}],"relationships":[{"source_entity_id":"wefunder:company:16807","relation":"has_team_member","target_entity_id":"wefunder:user:107478","target_url":"https://wefunder.com/chrisstanchak"},{"source_entity_id":"wefunder:company:16807","relation":"has_team_member","target_entity_id":"wefunder:company_role:130078"},{"source_entity_id":"wefunder:company:16807","relation":"has_featured_investor","target_entity_id":"wefunder:user:136415","target_url":"https://wefunder.com/gabrielweinberg"},{"source_entity_id":"wefunder:company:16807","relation":"has_latest_fundraise","target_entity_id":"wefunder:fundraise:27781"}],"faq":[{"question":"What is the exit strategy?","answer":"Thank you so much for the question! Our vision is to be acquired by a strategic buyer. Companies buy startups because they solve a problem for them. Amazon has the most robust ecommerce operation on the planet. The company is constantly seeking and acquiring its way to the next untapped frontier, whether it be shoes, diapers, grocery stores, or furniture. https://www.nytimes.com/2017/03/25/technology/amazon-wants-to-crush-your-store-with-its-technology-might.html Local is an integral part of ..."},{"question":"Since you've had three previous priced rounds, why use a SAFE this time rather than another priced round? Also, are you using the new dividend/profitability trigger Wefunder recently introduced to their standard SAFEs?","answer":"Thanks for the question! We had two prior priced “Series Seed” rounds. These were traditional rounds with accredited angel investors. The reason we went with a SAFE for this round is that we want to keep the option open for a traditional VC round in the future. Sometimes having a very busy cap table with lots of smaller investors can be a detriment to an institutional process. We are using the traditional WeFunder SAFE format. The SAFE feels like a great instrument to allow smaller investors ..."},{"question":"When is the fundraising cutoff date?","answer":"We have not yet established a firm cut off date. It's expected to be early 2018."},{"question":"Hi Chris! Interesting business but I have a few questions. [1] How do the unit economics look like? For something like vintage furniture, how do you ascertain the value to both pay and later sell it on? [2] For the vintage furniture you acquire, do you typically have to spend ...","answer":"Thanks for the questions, Edwin! [1] The unit economics are great. Our average sale price is around $185 (after discounts and markdowns) and our average purchase price is around $55. Our product margin has been consistent at about 70%. We have been selling thousands of items monthly, so we have a large data set of types of furniture, brands and condition. From this data set we are able to estimate appropriate purchase price and sale price. Additionally, we have buyers who are experts in appra..."},{"question":"Hi Chris, Do you have a current eComm Warehouse Management Software (WMS) solution in place to sell one of a kind furniture? Do you even need one? How do you keep from overselling the single item (SKU) if you're offering it on your Loveseat site, eBay, Amazon, Houzz, Wayfair, ...","answer":"Hi Bob, Our warehouse management system was purpose-built in house. The system has native mobile components as well as web components used by all levels of our staff (buyers, road team, warehouse team, etc.). It contains inventory data (price, location, age, etc.) as well as work queues for all levels of our staff. This reduces our management overhead as most tasks are queued by the platform itself. This all syncs up with our customer-facing ecommerce website. Behind the scenes, the website h..."}],"recent_posts":[],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-22T22:20:09Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-22T05:02:55Z","as_of":"2026-06-22T22:20:09Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-22T05:02:55Z","as_of":"2026-06-22T22:20:09Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-06-26T17:14:38Z","as_of":"2026-06-22T22:20:09Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-06-26T17:14:38Z","as_of":"2026-06-22T22:20:09Z","confidence":"medium"}}}}}}