|1||📈 Over 1,600 users grown organically.|
|2||📲 iOS & Android app live in Palo Alto, CA and neighboring towns — the heart of Silicon Valley!|
|3||✅We are the ONLY safe neighborhood marketplace for teens. Complete background checks run.|
|4||📊 Over 75,000 users pre-registered nationally just waiting for us to launch in their neighborhood!|
|5||💪 Partnerships with high schools, senior centers, education consultants, and more.|
|6||🏡 Early conversations with local YMCA &Boys and Girls Clubs!|
|7||🚀 CEO prev. PM at Apple, Motorola & Yahoo. CTO worked on iPhone projects for Apple, Starbucks, etc.|
Inviting professionals into and around your home can be a risky and scary proposition. If you do find experienced, vetted talent, it often comes with a hefty price tag. Before TeenJobFind, there was no safe, credible platform for teens to find jobs.
From this simple idea, we've created a mobile app that provides a safe and easy solution to connect job posters with local teens in and around their neighborhood.
As soon as we close this crowdfunding offering, we are going to deploy in the region with our largest waitlist — Southern California. We have already secured ambassadors on the ground ready to go.
TeenJobFind has financial statements ending December 31 2020. Our cash in hand is $2,000, as of February 2020. Over the three months prior, revenues averaged $1,000/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $1,500/month.
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.
Our mobile app that provides a safe and easy solution to connect job posters with local teens in and around their neighborhood.
TeenJobFind, Inc. was incorporated in the State of Delaware in April 2017.
Since then, we have:
Historical Results of Operations
Our company was organized in April 2017 and has limited operations upon which prospective investors may base an evaluation of its performance.
Liquidity & Capital Resources
To-date, the company has been financed with $49,386 in SAFEs.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 3 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 3 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
TeenJobFind, Inc. cash in hand is $2,000, as of February 2020. Over the last three months, revenues have averaged $1,000/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $1,500/month, for an average burn rate of $500 per month. Our intent is to be profitable in 36 months.
There have been no material changes or trends in our finances or operations since the date that our financial statements cover.
We've been focusing on user growth rather than revenue until this time. We wanted to show that we had the potential to generate revenue by taking a small percentage of the jobs. We are considering adding a subscription model as well as integrating advertising to increase revenue.
Assuming we reach our minimum fundraising target, we hope (but do not guarantee) that revenues will be $1,500 per month and expenses will be $1,500/month three months after the conclusion of this Offering. If necessary, the Company could rely on capital contributions from the Founders for growth.
While there have been no incidents to date, there is a risk that someone can get hurt while performing jobs on our platform. Especially being that minors are an integral user population, they could be vulnerable to exploitation.
We face competition from other job boards and task completion apps that are much larger and much more resourced than us. If one of these competitors pursues our target market and demographic, it could significantly affect our ability to generate revenue.
User acquisition can be a risk if market demands shift. Specifically, if economic forces diminish the demand for jobs suited for teens, our ability to procure customers could be jeopardized.
While current labor laws allow for our platform to exist harmoniously, there is a risk that regulations could change at the local, state, or federal level. A potential change in labor laws might cause us to radically change our business model.
When payments are processed through our platform, there is a risk of cyber security. Payment transaction requires financial information and other sensitive data from our users. If we were to have a data breech, that could negatively impact our public image and ability to acquire customers.
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.
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.
Xavier De Leon is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case.
We collect user's Driver's Licenses in order to run background checks there is a risk that there could be a cyber security issue with this data.
We use a third party to run our background checks and with this comes the risk that their terms and conditions may change or the information that they provide us with does not fully determine that a person is appropriate for the platform.
When payments are processed through our platform, there is a risk of cyber security. Payment transaction requires financial information and other sensitive data from our users. If we were to have a data breech, that could negatively impact our public image and ability to acquire customers. Please note that Stripe handles our payment processing and that we do not retain customer payment information.
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