misterb&b

Largest LGBTQ travel community in the world

https://wefunder.com/misterbandb

Total raised on Wefunder: 1717590

Total investors: 2485

Quick facts

  • 1 million LGBTQ friendly accommodations in 200 countries
  • 20% month over month growth thanks to the 2019 Wefunder round
  • 1st LGBTQ app selected 2X by Apple as “App of the day” (2018 & 2019)
  • $15M transaction volume in 2019. In 2020, we expected $30M with our new hotel offering, pre-COVID
  • Joel Simkhai (Grindr founder, sold for $300M USD) early investor. 
  • Profitability planned in 2020 before Covid-19. Positive EBITDA in July 2020
  • Rated 4.3/5 on Google Store & 4.7/5 on Apple Store
  • We give back to the LGBTQ community through our mister for good program

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misterb&b

Largest LGBTQ travel community in the world

Investment Terms

Financials

We have financial statements ending December 31, 2024. Our cash in hand is $1,088,912, as of January 2025. Over the three months prior, revenues averaged $270,000/month, cost of goods sold has averaged $39,236/month, and operational expenses have averaged $350,000/month.

At a Glance

Jan 1 – Dec 31, 2024
Revenue icon
$3,925,369
-5%
Revenue
Net loss icon
-$610,069
Net Loss
Short-term debt icon
$677,963
-23%
Short-Term Liabilities
Valuation icon
$0
Raised in 2024
Cash in bank icon
$1,088,912
Cash on Hand
Net Margin:
-16%
Gross Margin:
89%
Return on Assets:
-15%
Earnings per Share:
-$0.02
Revenue per Employee:
$91,287.65
Cash to Assets:
40%
Revenue to Receivables:
468%
Debt Ratio:
24%
SFO84 Inc. F.K.A MisterBnB Inc. and Pinklab 360 12-31-24.pdf
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.

Overview

Largest LGBTQ travel community in the world


Milestones

SFO84, Inc was incorporated in the State of Delaware in March 2014.

Historical Results of Operations
  • Revenues & Gross Margin. For the period ended December 31, 2024, the Company had revenues of $3,925,369 compared to the year ended December 31, 2023, when the Company had revenues of $4,170,972. Our gross margin was 89.05% in fiscal year 2024, and 87.25% in 2023.
  • Assets. As of December 31, 2024, the Company had total assets of $3,957,365, including $1,567,024 in cash. As of December 31, 2023, the Company had $5,019,627 in total assets, including $2,461,989 in cash.
  • Net Loss. The Company has had net losses of $610,069 and net losses of $90,000 for the fiscal years ended December 31, 2024 and December 31, 2023, respectively.
  • Liabilities. The Company's liabilities totaled $942,125 for the fiscal year ended December 31, 2024 and $1,330,218 for the fiscal year ended December 31, 2023.
Liquidity & Capital Resources

To-date, the company has been financed with $480,000 in debt, $14,709,721 in equity, $906,229 in convertibles, and $1,139,500 in SAFEs.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 15 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 16 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

SFO84, Inc cash in hand is $1,088,912, as of January 2025. Over the last three months, revenues have averaged $270,000/month, cost of goods sold has averaged $39,236/month, and operational expenses have averaged $350,000/month, for an average burn rate of $119,236 per month. Our intent is to be profitable in 12 months.

There are no material operational changes, although we updated our 2023 financials to reflect a revised accounting treatment, which impacted our reported margins. misterb&b is well-funded for 2025, with revenue expected to exceed 2024 performance.  We were not profitable in 2024 but implemented a cost reduction plan to improve margins in 2025. The company is well-funded right now. We have cash in the bank through loan and Series A+ that occurred early 2022 

All projections in the above narrative are forward-looking and not guaranteed.

Risks

1

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.

2

To increase revenues we must expand our userbase. To accomplish this, we must increase our visibility in the marketplace. Potential customer must be aware we exist and be able to find us. We need to demonstrate how our website can be useful to them. That could require us to devote more resources to marketing efforts, including advertising and other expenses, to build public awareness of our brand. Even with an enhanced marketing effort, there is no guarantee that we will be able to increase the number of new visitors to our website and in turn, convert them into customers or users. Any number of conditions could affect the success of our marketing effort, which could have a negative impact on user experience with our website and adversely affect our results of operations and future growth.

3

We may be subject to future governmental regulations. Aspects of our business and our products may be regulated at the local, state, and federal levels. The nature and scope of future legislation, regulations and programs cannot be predicted. While we anticipate that we and our products will be in compliance with all applicable governmental regulations, there still may be risks that such laws and regulations may change with respect to present or future operations. Such additional costs would increase the cost of investments and operations and decrease the demand for services. We and our products will be ultimately responsible for compliance with such regulations and for obtaining and maintaining all required permits and licenses. Such compliance may be time consuming and costly, and such expenses may materially affect our future ability to break even or generate profits.

Other Disclosures

The Board of Directors

Director Occupation Joined
Marc Dedonder CCO @ misterb&b 2014
Francois De Landes De Saint Palais d'Aussac COO @ misterb&b 2014
Matthieu Jost CEO @ misterb&b 2014
Jean Bourcereau VC @ Ventech 2017
Anton Waitz VC @ Project A 2017

Officers

Officer Title Joined
Marc Dedonder CCO 2014
Francois De Landes De Saint Palais d'Aussac COO 2014
Matthieu Jost CEO 2014

Voting Power

No one has over 20% voting power.

Past Fundraises

Date Security Amount
2/2022 Priced Round $3,069,244
5/2021 Convertible Note $420,322
5/2020 Loan $480,000
5/2020 Convertible Note $40,000
4/2020 Convertible Note $100,000
4/2020 Convertible Note $10,000
12/2019 Convertible Note $200,000
12/2019 Convertible Note $284,388
11/2019 Convertible Note $55,000
10/2019 Convertible Note $60,000
10/2019 Convertible Note $106,841
8/2019 Convertible Note $250,200
7/2019 Convertible Note $1,047,068
4/2019 Convertible Note $50,000
5/2017 Priced Round $8,426,153
1/2017 SAFE $1,139,500
8/2015 Priced Round $2,027,099
4/2015 Priced Round $1,073,337
3/2015 Priced Round $113,888

Convertible Notes Outstanding

Issued Amount Valuation Cap
4/9/19
$50,000
$40,000,000
10/2/19
$106,841
$40,000,000
10/27/19
$60,000
$40,000,000
11/13/19
$55,000
$40,000,000
12/2/19
$284,388
$40,000,000
12/3/19
$200,000
$40,000,000
4/20/20
$10,000
$40,000,000
4/25/20
$100,000
$40,000,000
5/4/20
$40,000
$40,000,000

Outstanding Debts

Issued Lender Outstanding
5/28/20 BNP
$264,162

Related Party Transactions

SFO84, Inc and it's wholly owned subsidiary Pinklab 360 have a related party loan due to them in the amount of $27,319. The loan was issued in 2015 to Appartlib, a shareholder in the Company. The loan has no specific maturity date, interest rate, or repayment terms, but is expected to be repaid as the Company becomes profitable.

Use of Funds

$50,000

30% to adapt to Covid19 by offering new tools for hosts and guests to travel with peace of mind (project management, design, protocol writings, API, desktop and app integration)

50% marketing promotion to re-kick off growth when travel resumes

16% to build on scale our efforts to provide emergency short term housing for those in our community most in need. We started during the lockdown period, when domestic violence had a particularly worrying repercussions for young members of the LGBTQ community.

4% towards Wefunder intermediary fee
$535,000

10% to adapt to Covid-19 by offering new tools for hosts and guests to travel with peace of mind (project management, design, protocols writing, API, desktop and app integration).

50% in marketing to fuel the recovering growth after countries start to reopen and travel bans are being lifted; also for strategic partnerships with other LGBTQ players

10% to build on scale our short-term emergency housing program for those in our community most in need. We’ll revisit our mister for good program completely and implement the possibility to donate to LGBTQ charities when paying for a misterb&b booking.

26% will be set aside and used as a financial security in case Covid-19 hits back.

4% towards Wefunder intermediary fee

Capital Structure

Class of Security Securities (or Amount) Authorized Securities (or Amount) Outstanding
Class A Common Stock 7,500,000 6,962,950
Class B Common Stock 40,000,000 2,038,386
Preferred Stock 22,376,418 16,223,582

Form C Filing on EDGAR

The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.

Offering Updates

misterb&b raised 50% of their target offering amount on Nov 15 2025

misterb&b raised 100% of their target offering amount on Nov 15 2025

Details