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?

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...

Hi there! Is it possible for non-US persons to invest?

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

Hi Christof, can you share any data that would show the need for safe spaces for queer people?

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...

Can you share insight into revenue or monetization?

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...

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!

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

Queer Spaces, Inc.

Building the Queer Discord

queerspaces.com

Los Angeles, CA

Technology B2C Mobile Apps

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LEAD INVESTOR

Invested $50,000 this round

Queer Spaces is a rare opportunity where market, team, and timing all come together. I look for three things in a great investment. Queer Spaces has all of them. 1. Great market at the right time. The LGBTQ+ community is big and growing and needs safe spaces. The timing has never been better.
2. Great team. Christof and his team have a successful track record with Hornet and other amazing companies. They know the space and are proven executors.
3. Great traction. Queer Spaces has remarkable traction and organic growth after a very short time. I cant wait to see where Queer Spaces goes from here.

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Queer Spaces, Inc.

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$917,375

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