Hi. Are you generating revenue? If yes, what was the 2020 revenue total? If no, when do you expect to start? Once you do, what are your revenue goals for the next 5 years?

Hi Leonardo, thanks for the question. We are currently pre revenue. We will roll out the revenue model on a city by city basis as the user count hits certain targets. In 5 years with nationwide penetration, expectations for our low cost small business advertising platform would be in excess of 20 Million ARR.

Hi there: Very interesting idea. Interested and have couple of questions. 1. you have founded this 2015. Why it is late to launch it I mean website seems don't have activities than recently. Am I missing anything? 2. Please explain ways to generate revenue. 3. Are you only for...

Hi Mohammad, thanks for the questions.1) I decided from the beginning to take the time to build something great. Time was spent launching the MVP, surveying users (TWICE!), and iterating off the responses to grow to where we are now, ready for the public. Recently we were busy building a OCR algorithm to capture unique data necessary for our users and to help solve the chicken-egg problem, placing millions of data points into the map timelines. Since this new...

Thanks for answering my questions. Another follow up will you not pay anything to google as their map been used for business purposes?

Currently, No. Once millions of users have joined Lyfmap there will be a minimal cost relative to the advertising revenue at that point. The specific Google Maps products we use are low cost.

I am fine with risky, this just seems very risky. What exactly will this money be used for? What are the key milestones in the next 1-2 years? Are you growing from 2 individuals? Thx

Kurt, I will answer these in reverse order. Yes, 2 individuals and some dedicated power users that volunteer Lyfmap training. A little background for Milestones: We are a hybrid cluster network. The user feed shows only memories that are from within a 50 mile radius of your location. But users can save memories anywhere in the world and so will interconnect with other clusters. We will develop on a city by city basis (Los Angeles next) for ...

lyfmap.com

A positive social network that connects users over history is building Google Maps to the past!

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lyfmap.com

Saint Paul, MN

Technology B2C

Highlights

Background: Lyfmap is an Interactive, User Generated platform initially targeting age 50+ who own 70% of the wealth

Network Effects: Our users are building a unique database of the world's history, with massive network effects

Time: Lyfmap returning User time spent (12 min) is super sticky and similar to Pinterest (14min)!

Scale: Social networks can SCALE to billion dollar valuations whereas consumer products companies rarely can

Team

The MOONSHOT mission of Lyfmap.com: To Democratize our collective history, saving it at the places where it happened. We can't do it without you.

It began with a realization:

That the Baby Boomer generation has Billions of paper photos and knows the stories behind them. And that they will all disappear......But, if we could build a website to capture that information, we would provide a massive social benefit, and at the same time build an incredible moat of proprietary data!

People love to tell stories and reminisce about the places of their lives, and Lyfmap gives them an easy way to save those stories where they happened, and then connect with others who have those locations in common.

And we've now topped 3200 local (St Paul, MN) users, have over 1 million pieces of history saved so far, users who have saved over 1000 memories each, and we're just getting started.

This is the biggest mission on Wefunder. Are you in?

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lyfmap.com

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Team

The MOONSHOT mission of Lyfmap.com: To Democratize our collective history, saving it at the places where it happened. We can't do it without you.

It began with a realization:

People love to tell stories and reminisce about the places of their lives, and Lyfmap gives them an easy way to save those stories where they happened, and then connect with others who have those locations in common.

And we've now topped 3200 local (St Paul, MN) users, have over 1 million pieces of history saved so far, users who have saved over 1000 memories each, and we're just getting started.

This is the biggest mission on Wefunder. Are you in?

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