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Please check your inbox and spam folder if you didn't receive them","published_at":"2023-05-31T20:32:09Z","author_name":"Christof Wittig","url":"/feed/164247","canonical_url":"https://wefunder.com/feed/164247"},{"id":160816,"entity_id":"wefunder:feed_item:160816","type":"FeedItem::Update","visibility":"public","title":"Investor Update Q4/2022","preview":"We have sent the investor update to your emails. If you are an investor and did not receive them, please contact us at future@hornet.com.Also feel free to browse our recent update and funding announcement here:Queer Spaces Is Growing Rapidly and Attracts More FundingWest Hollywood, Calif. - January 24, 2023Social Discovery Group invests into fast-growing chat platform for building queer communities.Spaces, a rapidly growing platform for building queer communities, today revealed it has receiv...","published_at":"2023-01-26T02:53:22Z","author_name":"Christof Wittig","url":"/feed/160816","canonical_url":"https://wefunder.com/feed/160816"},{"id":159268,"entity_id":"wefunder:feed_item:159268","type":"FeedItem::Update","visibility":"public","title":"And... Closed! $1M Raised in First Money for Queer Spaces","preview":"Community members, industry pundits, and the Gaingels syndicate join hands to finance the growth of the SPACES App after its successful MVP launch earlier this year.West Hollywood, Calif., Nov 9, 2022 —\u0026nbsp;Just four months after its incorporation, Queer Spaces, Inc. — incubated and then spun out of\u0026nbsp;Hornet\u0026nbsp;and responsible for building\u0026nbsp;SPACES, the first tech platform for the entire LGBTQ+ community and often dubbed “the Queer Discord” — has officially closed its crowdfunding ca...","published_at":"2022-11-09T17:01:41Z","author_name":"Christof Wittig","url":"/feed/159268","canonical_url":"https://wefunder.com/feed/159268"},{"id":158643,"entity_id":"wefunder:feed_item:158643","type":"FeedItem::Update","visibility":"public","title":"Updated Pitch Deck - Updated Metrics","preview":"Check out our updated pitch deck at wefunder.com/queerspacesinc with exciting new growth traction stats:Over 1,500 spaces created, covering a wide range of LGBTQ interestsOver 12,000 users, organically acquiredOver 200 daily power users who are members in more than 10 spaces - up 250% since JuneD1 retention at 42% - up 13 p.p. since JuneD3 retention at 25% - up 11 p.p. since JuneOur laser focus in Q3 has been to further prove product/market fit and exactly understand the demographics of the b...","published_at":"2022-10-07T01:27:29Z","author_name":"Christof Wittig","url":"/feed/158643","canonical_url":"https://wefunder.com/feed/158643"},{"id":158594,"entity_id":"wefunder:feed_item:158594","type":"FeedItem::Update","visibility":"public","title":"SPACES Just Got Smarter: Version 1.13 Launches Smart Notifications","preview":"With its latest release, SPACES isn’t just the newest queer app on the market — and also the only app to serve the entirety of the LGBTQ+ community — but it’s now the\u0026nbsp;smartest\u0026nbsp;social platform for queer people, too. The app’s Version 1.13 sees the release of Smart Notifications, a better-than-ever way to ensure SPACES users stay updated on the group chats and specific topics that matter to them most.Harnessing the power of artificial intelligence to improve user experience, SPACES Sm...","published_at":"2022-10-04T22:27:10Z","author_name":"Christof Wittig","url":"/feed/158594","canonical_url":"https://wefunder.com/feed/158594"},{"id":158402,"entity_id":"wefunder:feed_item:158402","type":"FeedItem::Update","visibility":"public","title":"Join Us for an Investor Webinar on Sep 29","preview":"Join us on\u0026nbsp;Sep 29\u0026nbsp;at\u0026nbsp;4pm PT / 7pm ET\u0026nbsp;to learn about 2 disruptive startups serving the LGBTQ community -Queer Spaces:\u0026nbsp;Creating a digital safe place and social network for queer people. \"The queer Discord.\"Just a Baby:\u0026nbsp;The #1 app for finding sperm donors, surrogates and co-parents. \"Find people, make babies.\"Each company will pitch for ~10 minutes and then take questions.Attendees can invest in either company\u0026nbsp;in real time through Wefunder, a crowdfunding platf...","published_at":"2022-09-26T23:37:05Z","author_name":"Christof Wittig","url":"/feed/158402","canonical_url":"https://wefunder.com/feed/158402"},{"id":158162,"entity_id":"wefunder:feed_item:158162","type":"FeedItem::Update","visibility":"public","title":"What Users Say About the Need for Safe Queer SPACES Online","preview":"For founders and entrepreneurs, the pivotal ingredient of success is whether you solve a real and large problem for your users. We recently shared this great\u0026nbsp;piece by\u0026nbsp;Ashlee Marie Preston\u0026nbsp;about the need for SPACES on\u0026nbsp;Forbes.\u0026nbsp;Today we bring you a new video with\u0026nbsp;testimonials from 7 users\u0026nbsp;describing in their own words the need for a safe queer space online, amidst\u0026nbsp;increasing toxicity and discrimination on heteronormative social media against LGBTQ+ people....","published_at":"2022-09-14T18:03:13Z","author_name":"Christof Wittig","url":"/feed/158162","canonical_url":"https://wefunder.com/feed/158162"},{"id":157955,"entity_id":"wefunder:feed_item:157955","type":"FeedItem::Update","visibility":"public","title":"We’ve raised more than 82% of our target to date! And your swag is coming!","preview":"On August 31, we have completed our first rolling close, and have now some $800,000 on the bank to invest into the growth of SPACES.Today we want to share 3 updates with you:1. We’ve raised more than 82% of our target to date!The crowdfunding approach for SPACES on\u0026nbsp;WeFunder\u0026nbsp;allows every slice of the LGBTQ+ community to become an owner of their own platform, committed to the safety of LGBTQ+ people onlineAfter hitting 50% of our investment goal on the day we opened our crowdfunding t...","published_at":"2022-09-03T15:18:12Z","author_name":"Christof Wittig","url":"/feed/157955","canonical_url":"https://wefunder.com/feed/157955"},{"id":157720,"entity_id":"wefunder:feed_item:157720","type":"FeedItem::Update","visibility":"public","title":"Forbes: \"Finally, A Social Media Platform That Cares About LGBTQ Safety: The Spaces App Is Worth ‘Following’\"","preview":"Check out this great piece by Ashlee Marie Preston on Forbes reviewing the need for SPACES to provide a safe platform for LGBTQ+ people online!","published_at":"2022-08-24T20:44:41Z","author_name":"Christof Wittig","url":"/feed/157720","canonical_url":"https://wefunder.com/feed/157720"},{"id":157699,"entity_id":"wefunder:feed_item:157699","type":"FeedItem::Update","visibility":"public","title":"25% Jump in Number of Investors","preview":"After the initial \"pop\" when opening the crowdfunding for SPACES, often based on investments from people who previously have known SPACES and/or the founders, we're now seeing the real magic: Investors from a wide and diverse background coming in to become an owner of the platform where LGBTQ+ people can find a safe place online. We have seen dozens of new investors joining the mission, often with checks of only $100. And we love it!With the minimum raised and all other governance complied, w...","published_at":"2022-08-23T19:30:57Z","author_name":"Christof Wittig","url":"/feed/157699","canonical_url":"https://wefunder.com/feed/157699"},{"id":157530,"entity_id":"wefunder:feed_item:157530","type":"FeedItem::Update","visibility":"public","title":"Already over 70% raised, in just 5 days!","preview":"Thanks to the first 57 investors we already raised $711K, that is over 70% of our initial target raise (and the SEC limit for crowdfunding under Reg CF)! As intended, we have a broad and diverse roster of individuals, who share our belief in a common mission... Here some of our favorite shoutouts:Christian LoweI'm the founder of The Green Book Project. I'm also a native Texan, a Panamanian, and a music lover. I invest in causes that I care about.I think we need to change the way social media ...","published_at":"2022-08-16T22:35:46Z","author_name":"Christof Wittig","url":"/feed/157530","canonical_url":"https://wefunder.com/feed/157530"},{"id":157347,"entity_id":"wefunder:feed_item:157347","type":"FeedItem::Update","visibility":"public","title":"SPACES Takes ‘Community Owned’ to the Next Level With Today’s Launch of a Crowdfunding Campaign","preview":"West Hollywood, Calif., Aug 11, 2022 —\u0026nbsp;Queer Spaces, Inc., recently spun out of the world’s leading queer tech company\u0026nbsp;Hornet\u0026nbsp;to build SPACES, the first tech platform for the entire LGBTQ+ community, today announced it is opening up for outside investment from community members and allies. Investment opportunities start for as little as USD $100, giving everyone the opportunity to participate in the upside of this exciting venture.Using the popular\u0026nbsp;WeFunder\u0026nbsp;community ...","published_at":"2022-08-11T14:57:32Z","author_name":"Christof Wittig","url":"/feed/157347","canonical_url":"https://wefunder.com/feed/157347"}],"q_and_a":[{"id":216240,"entity_id":"wefunder:comment:216240","question":"Can you share insight into revenue or monetization?","author_name":"Adam Sampson","votes":1,"created_at":"2022-08-23T08:35:35Z","canonical_url":"https://wefunder.com/queerspacesinc#question-216240","answers":[{"id":216300,"entity_id":"wefunder:comment:216300","answer":"Hi Adam, we haven't yet decided on the exact path to monetization, but we know how to generate revenues through user-to-user revenue, premium subscriptions, or advertising from our background at Hornet. We also know what revenue per user (ARPU) we can roughly expect. At this point we're holding off on monetization until at least 30K DAU, to fuel growth and focus on virality. Ideally we can procrastinate monetization even further, dependent on funding, but that remains to be seen in the next 6-9 months.","author_name":"Christof Wittig","votes":1,"created_at":"2022-08-23T19:10:00Z"}]},{"id":215797,"entity_id":"wefunder:comment:215797","question":"Hi Christof, can you share any data that would show the need for safe spaces for queer people?","author_name":"Botros Toro, PhD","votes":1,"created_at":"2022-08-18T17:08:05Z","canonical_url":"https://wefunder.com/queerspacesinc#question-215797","answers":[{"id":215840,"entity_id":"wefunder:comment:215840","answer":"Hi Botros, great question. With respect to digital platforms, the best data is from the LGBTQ advocacy group GLAAD, which publishes the Social Media Safety Index (SMSI) since 2021 (https://sites.google.com/glaad.org/smsi/platform-scores). The verdict is clear for the \"big 5\" heteronormative social networks FB, IG, Twitter, YT and TikTok: - 66% of queer Americans have been subject to online harassment there (up 2 pp from 2021, and more than any other polled minority) - none of the 5 platform scored even a moderate 50% of the safety benchmark they have established I don't think it gets more clear than that, does it?","author_name":"Christof Wittig","votes":2,"created_at":"2022-08-18T21:04:55Z"}]},{"id":215591,"entity_id":"wefunder:comment:215591","question":"Hi there! Is it possible for non-US persons to invest?","author_name":"Sajid Peña","votes":1,"created_at":"2022-08-16T23:25:46Z","canonical_url":"https://wefunder.com/queerspacesinc#question-215591","answers":[{"id":215594,"entity_id":"wefunder:comment:215594","answer":"Thanks for your note Sajid! Absolutely, please see WeFunder's international investor instructions here: https://help.wefunder.com/154992-linked/international-investor-guide Cheers! -Christof","author_name":"Christof Wittig","votes":2,"created_at":"2022-08-17T00:09:55Z"}]},{"id":217598,"entity_id":"wefunder:comment:217598","question":"I can't determine the maximum raise amount for this round, as I have seen 2 different values. What is the actual max?","author_name":"Brian Smolens","votes":0,"created_at":"2022-09-03T16:48:27Z","canonical_url":"https://wefunder.com/queerspacesinc#question-217598","answers":[{"id":217600,"entity_id":"wefunder:comment:217600","answer":"Great question, and a valid observation. Under SEC Reg CF rules we will raise no more than $1 million in this crowdfunding. We're able to raise additional funds from accredited investors (Reg D) in addition to this amount, at the same terms, but won't raise more than $2 million in total.","author_name":"Christof Wittig","votes":0,"created_at":"2022-09-03T17:16:10Z"}]},{"id":216409,"entity_id":"wefunder:comment:216409","question":"Never done this kind of \"INVESTMENT\" before. Where can I get a \"simple\" explanation of how this works? This is or does not appear to be a stock purchase but could be converted to on, is that correct? Help me out here!","author_name":"Steven With Only One NAME","votes":0,"created_at":"2022-08-25T01:35:43Z","canonical_url":"https://wefunder.com/queerspacesinc#question-216409","answers":[{"id":216437,"entity_id":"wefunder:comment:216437","answer":"Hi Steven -- correct. The SAFE is a loan note which converts into a future equity issuance. This investment form has been pioneered by Y-Combinator and used by 1,000s of startups since 2013. It has worked really well to combine the capital needs of early stage companies with the needs of investors, to have a fair valuation but also to benefit from their early move. More about SAFE's here: https://www.ycombinator.com/documents","author_name":"Christof Wittig","votes":1,"created_at":"2022-08-25T15:19:03Z"}]},{"id":215247,"entity_id":"wefunder:comment:215247","question":"When I look at Hornet reviews on the App Store, spam and scams seem to be prevalent for users. What makes Spaces different? Can you prove that the growth is truly organic?","author_name":"Trent Nakamura","votes":0,"created_at":"2022-08-13T02:54:14Z","canonical_url":"https://wefunder.com/queerspacesinc#question-215247","answers":[{"id":215278,"entity_id":"wefunder:comment:215278","answer":"Trent, great question. As we know, scam and spam attacks are abound on all platforms and at Hornet we go to great length to validate legit users through a “proof of work” model with the Hornet Badge, in addition to many layers of machine learning, community and staff human moderation. On SPACES, we have so far seen only 1-2 serious attempts and were able to stop them immediately, given all the defenses we have developed over the last 11 years at Hornet. In addition, SPACES doesn’t have the international footprint (it’s 85% US users), so there is less awareness in the classic spam geos (Nigeria, Russia, China) so far. Over time we will need to level up the defenses at SPACES further. One protection will be to geofence group chats, which is what’s been actively developed. But so far we are looking at healthy, good and genuine user growth at SPACES. Christof","author_name":"Christof Wittig","votes":2,"created_at":"2022-08-13T23:40:12Z"}]}],"faq":[{"question":"When I look at Hornet reviews on the App Store, spam and scams seem to be prevalent for users. What makes Spaces different? Can you prove that the growth is truly organic?","answer":"Trent, great question. As we know, scam and spam attacks are abound on all platforms and at Hornet we go to great length to validate legit users through a “proof of work” model with the Hornet Badge, in addition to many layers of machine learning, community and staff human moderation. On SPACES, we have so far seen only 1-2 serious attempts and were able to stop them immediately, given all the defenses we have developed over the last 11 years at Hornet. In addition, SPACES doesn’t have the in..."},{"question":"Hi there! Is it possible for non-US persons to invest?","answer":"Thanks for your note Sajid! Absolutely, please see WeFunder's international investor instructions here: https://help.wefunder.com/154992-linked/international-investor-guide Cheers! -Christof"},{"question":"Hi Christof, can you share any data that would show the need for safe spaces for queer people?","answer":"Hi Botros, great question. With respect to digital platforms, the best data is from the LGBTQ advocacy group GLAAD, which publishes the Social Media Safety Index (SMSI) since 2021 (https://sites.google.com/glaad.org/smsi/platform-scores). The verdict is clear for the \"big 5\" heteronormative social networks FB, IG, Twitter, YT and TikTok: - 66% of queer Americans have been subject to online harassment there (up 2 pp from 2021, and more than any other polled minority) - none of the 5 platform s..."},{"question":"Can you share insight into revenue or monetization?","answer":"Hi Adam, we haven't yet decided on the exact path to monetization, but we know how to generate revenues through user-to-user revenue, premium subscriptions, or advertising from our background at Hornet. We also know what revenue per user (ARPU) we can roughly expect. At this point we're holding off on monetization until at least 30K DAU, to fuel growth and focus on virality. Ideally we can procrastinate monetization even further, dependent on funding, but that remains to be seen in the next 6..."},{"question":"Never done this kind of \"INVESTMENT\" before. Where can I get a \"simple\" explanation of how this works? This is or does not appear to be a stock purchase but could be converted to on, is that correct? Help me out here!","answer":"Hi Steven -- correct. The SAFE is a loan note which converts into a future equity issuance. This investment form has been pioneered by Y-Combinator and used by 1,000s of startups since 2013. It has worked really well to combine the capital needs of early stage companies with the needs of investors, to have a fair valuation but also to benefit from their early move. More about SAFE's here: https://www.ycombinator.com/documents"}]}}}