Jewellers are our network of cultural influencers - people who we know have deep connections with inspiring spaces throughout their respective communities. We use the metaphor of Gems for our accounts. The Jewellers find these hidden Gems and polish them so everyone can see how bright and powerful they are (i.e. how much support they have). Literally-speaking, they propose account leads, work with them (alongside our technical support team) to design and launch an exciting membership program,...

How do you say you had 100k in added revenue when total revenue was 6k?

Hi Jason! Good question! We've brought almost $110k now in new annual revenue for art spaces & music venues using Withfriends - the stats are live on our front page @ https://withfriends.co. Meanwhile, Withfriends earns money by taking 5% of that number for the company, plus 2.5% + $1 for every ticket sold. Does that answer the question? Finally, total revenue was $6K at the end of 2017, but total revenue now as of April 1st is more than double that at $13K, which you can compare against ...

How many active revenue producing venues do you have so far?

Hi Robert! 👋🏻 Thanks for asking. As of May 1st, ee have 83 businesses on Withfriends. 41 generate revenue ($150/mo average this quarter, $114/mo all quarters) by selling tickets and memberships, for which we take a transaction fee. In addition, 16 are fully set up, but haven’t publicized their launch, so many will generate revenue very soon. The remaining 26 are not fully setup and are like users in progress - we expect about a third to generate revenue.

How can I further support Withfriends outside of investing?

Hi Kevin! There are some great ways you can support Withfriends outside of investing. You can write a mail and introduce a friend who may invest to our founding team at team@withfriends.co, share our Wefunder investment page on your socials and let them know why you invested in us, or even introduce us to a favorite cultural space might be a fit for our platform!

Hi, love what you're doing, and thinking of investing! Noticed the latest financial numbers were from March. Could you share your monthly revenue from March to October?

Hi Ilona, excited that you're thinking about investing - and that you asked this question. Here's the last 6 months of revenue on Withfriends.May: $1881.21June: $2544.05July: $2000.42August: $2176.89September: $2888.32October: $3944.32The last two months, we grew over 30% each month. Our decisions across the next 6 months are anchored in the goal to grow 20% every month, breaking $10KMRR by June.

Withfriends (YC W19)

Making subscriptions easy for every business

EARLY BIRD TERMS: $82,400 LEFT

$17,600

of a $50,000 goal

RESERVE

min $100

INVESTMENT TERMS

Future Equity

$15M $14M valuation cap

Early Bird Bonus: The first $100K of investments will be in a SAFE with a $14M valuation cap

$500, $1K, $5K

Pitch Video

Investor Panel

withfriends.co

New York, NY

Marketplace Y Combinator SaaS Ecommerce Retail

Highlights

Y Combinator

Raised from Y Combinator

🤑 6% of business' customers become subscribers; boosting revenue by 60%

💪 Our model reduces subscription churn by 50% compared to industry average

🛍 3,400 members subscribed to 21 businesses

📊 $595k in annual GMV; $42k ARR

Team

Memo

Click the slide for examples of subscription boxes

Click the slide to see the features in action

Click for a link to the 2018 McKinsey Report

In addition to our deck, here are some of the product shots from our upcoming Shopify App Marketplace listing. Examples are from our demo account; Thyme Teas.