Outerly: The Social App for the Outdoors

1

We may not be able to scale our user base or revenue as quickly as we predict. In this case, growth may be slower than we expect.

2

The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.

3

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.

4

Our launch plans and playbook for DC may not work for other geographies/cities. In this case, we will need to reevaluate our go-to-market strategy each time we launch in a new place.

5

We may not be able to raise capital in the future that's required to scale the business or continue developing our product.

6

I cannot guarantee Outerly's success. We will do all in our power to grow and scale our company, but Outerly may fail and your investment may go to $0.

7

We operate in a competitive space. Other outdoor recreation apps may be better funded than we are, have better brand recognition, or have a large institution backing them.

8

Our future growth may be dependent on developing B2B2C sales. Should we be unable to get companies to sponsor Outerly for their employees, we may struggle to grow.

Date	Security	Amount
	SAFE	$28,742
12/2022	SAFE	$75,000

$50,000	40% - Product development, testing, and iteration50% - Employees & contractors3.5% - Marketing & operations6.5% - Wefunder fee
$124,000	25% - Product development35% - Employees & contractors30% - Marketing & operations10% - Platform & legal fees (including 6.5% Wefunder fee) Raising our maximum allows us to put money towards growth and expansion (rather than just product).

Outerly

The Social App for the Outdoors

$61,958

Risks

Other Disclosures

The Board of Directors

Officers

Voting Power

Past Fundraises

Outstanding Debts

Related Party Transactions

Use of Funds

Capital Structure

Form C Filing on EDGAR