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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Saint Paul, MN

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Fares interviewed lyfmap.com on January 27, 2021. Play Video

Fares Ksebati

CEO of MySwimPro

Strengths

says, "Great concept and big market opportunity! It makes sense to have an accurate history of the world. It’s like a time machine! The team has a very strategic approach to grow city by city and expand in a controlled and scalable way. "

Advice

says, "I’d like to see a more measurable approach to rowing the audience within respective regions. Partnerships, paid acquisition, and content marketing are all ways that could help the business achieve scale more quickly. Best of luck! "

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Founder & CEO of PurpleLab, Inc.

LEAD INVESTOR

Invested $11,000 this round

I've known Larry for 25 years. He's equally passionate and intelligent. When he described Lyfmap as a way for people to store their memories in a location focused social media platform I was intrigued. As Larry introduced new features and functions I became more than intrigued. I think this business has a bright future and I want to be part of its early stage process and future success. Congrats Larry on successfully attaining the first milestones in any early stage venture's journey. You have achieved much more than a MVP.

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