Test Project

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Reg. CF

FAVER

Offering By CE

About Documents
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Time Left - 917 days
Target - $1,070,000
Max. Raise - $1,070,000

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Project Overview


FAVER

FAVER is a word-of-mouth recommendations platform designed to help you give, get and organize recommendations from trusted friends, to help you find the best of everything and live life better.

 

People don’t have the time or money for “trial-and-error”consumerism. We all waste hours doing online research in an effort to help us make "the right" choice around how we spend our money and our time on products or experiences. This process is not only time consuming but, worst of all, online reviews are often fake and can’t be trusted. Consumers prefer trusted recommendations from verifiable people in their personal network, who they know they can trust, and who have already taken the risk of trying something new. There isn’t a technology for easily getting, giving, managing and organizing recommendations from trusted friends for personal interests.

FAVER is a free app to help you give, get and organize word-of-mouth recommendations from your trusted friends, to help you quickly and easily find your next favorite book, movie, tv show, travel destination, video game, restaurant - anything. FAVER helps you avoid buyer’s remorse and enables you to quickly find the best of everything, based on the experience of the friends you trust who share your interests, who have already “been there, done that.” FAVER does this by helping you organize your network into trusted “clubs”, based on your interests, and enabling you to easily obtain a recommendation from a trusted source whenever you're in the market for a new "thing".

From there, you can organize these curated recommendations into personalized "Bucket Lists" for planning and future reference.

Surprisingly, studies show that less than 10% of word-of-mouth recommendations take place online; that means we receive over 90% of our most valued consumer advice offline. Why is that? The answer is that these recommendations tend to take place during every day, face-to-face conversations as we talk with our real-life friends about positive experiences we've recently had. We're naturally inclined to share cool things with the people we care about.

The problem is, most of these face-to-face recommendations become lost to our feeble human memory. FAVER inserts itself as the platform for capturing that valuable recommendation in real-time so you can call upon it when you're ready to: read your next book, watch your next show or plan your next travel destination. Especially now, as we find ourselves with less face-to-face time than ever before, FAVER allows users to capture valuable recommendations when wanted and needed. 

 

  

  

 

FAVER is free to users because revenues are generated from affiliate marketing relationships and personalized, user-welcome, ads which are tailored to users’ personal interests and offerings they actually care about, validated by their trusted friends.

Life is short. FAVER empowers consumers to maximize precious time and money and live life better.

Use of Proceeds

We have accomplished much with the short time and runway we've had to work with. Below is a snapshot of what's been done and where we're going:

 

Ownership Structure & Rights of Securities

CAPITALIZATION AND OWNERSHIP


Capitalization


The Company has issued the following outstanding equity securities:

 

Type of security

Common Stock

Amount outstanding/Face Value

13,000,000 authorized 2,061,950 issued and outstanding

Voting Rights

1 vote per share

Anti-Dilution Rights

No

How this security may limit, dilute or qualify the Security issued pursuant to Regulation CF   

NA

Percentage ownership of the Company by the holders of such security

(assuming conversion prior to the Offering if convertible securities).

100%

 

Type of security

Preferred Stock

Amount outstanding/Face Value

7,000,000 authorized None outstanding

Voting Rights

1 vote per share

Anti-Dilution Rights

No

How this security may limit, dilute or qualify the Security issued pursuant to Regulation CF    

This class has a dividend preference, which may dilute the holders of the SAFE in the event of a liquidation following conversion of the SAFE.

Percentage ownership of the Company by the holders of such security

(assuming conversion prior to the Offering if convertible securities).

0%

 

Ownership

Below the beneficial owners of 20% percent or more of the Company’s outstanding voting equity securities, calculated on the basis of voting power, are listed along with the amount they own.

Name

 Number and type/class of security held 

 Percentage ownership 

Brandon Towner 

1,640,000 shares of Common Stock

78.75%

Risks & Disclosures

Risk Factors 

THERE ARE SIGNIFICANT RISKS AND UNCERTAINTIES ASSOCIATED WITH AN INVESTMENT IN THE COMPANY AND THE SECURITIES. THE SECURITIES OFFERED HEREBY ARE NOT PUBLICLY-TRADED AND ARE SUBJECT TO TRANSFER RESTRICTIONS. THERE IS NO PUBLIC MARKET FOR THE SECURITIES AND ONE MAY NEVER DEVELOP. AN INVESTMENT IN THE COMPANY IS HIGHLY SPECULATIVE. THE SECURITIES SHOULD NOT BE PURCHASED BY ANYONE WHO CANNOT BEAR THE FINANCIAL RISK OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME AND WHO CANNOT AFFORD THE LOSS OF THEIR ENTIRE INVESTMENT. FOR COMPLETE RISKS AND DISCLOSURES, SEE THE SECTION OF THE FORM C ENTITLED "RISK FACTORS." THESE SECURITIES INVOLVE A HIGH DEGREE OF RISK THAT MAY NOT BE APPROPRIATE FOR ALL INVESTORS. THIS FORM C DOES NOT CONSTITUTE AN OFFER IN ANY JURISDICTION IN WHICH AN OFFER IS NOT PERMITTED. WE ARE OFFERING TO SELL, AND SEEKING OFFERS TO BUY THE SECURITIES ONLY IN JURISDICTIONS WHERE OFFERS AND SALES ARE PERMITTED.

THE SECURITIES OFFERED INVOLVE A HIGH DEGREE OF RISK. ANY PROSPECTIVE INVESTOR CONSIDERING THE PURCHASE OF THESE SECURITIES SHOULD BE AWARE OF THESE AND OTHER FACTORS SET FORTH IN THIS FORM C AND SHOULD CONSULT WITH HIS OR HER LEGAL, TAX AND FINANCIAL ADVISORS PRIOR TO MAKING AN INVESTMENT IN THE SECURITIES. THE SECURITIES SHOULD ONLY BE PURCHASED BY PERSONS WHO CAN AFFORD TO LOSE ALL OF THEIR INVESTMENT.

Previous Funding

Over $300k seed capital from Co-Founders

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