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LIPS
OperatingLips Co.
Founded 2019
Instagram alternative built for women, the LGBTQ+ community, & their fans
Valuation cap ⓘ
$3.5M
As of Nov 2021 · from LIPS Convertible Note 1 · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$94,056
Across 1 round since 2021
Latest share price
$1.00
LIPS Convertible Note 1 offering price
Financials
FY2019–FY2024 · from SEC filings · hover any figure for its source$0
−$4K
2019
$0
$18K
2020
$0
−$35K
2023
$140
−$160K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019
FY2020
FY2023
FY2024
Income statement
Revenue
$0
$0
$0
$140
Cost of goods sold
$0
$0
$30
$348
Gross margin
—
—
—
-148%
Net income
-$3,578
$18,164
-$35,453
-$160,407
Taxes paid
$249
$968
$0
$9,996
Balance sheet
Cash
$447
$461
$11,444
$60,948
Accounts receivable
$0
$0
$0
$0
Total assets
$447
$33,351
$131,056
$204,855
Short-term debt
$2,425
$7,165
$102,873
$128,205
Long-term debt
$0
$10,000
$177,005
$392,005
Total liabilities
$2,425
$17,165
$279,878
$520,210
Other
Headcount
—
3
—
1
Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$3.5M
Valuation cap
LIPS Convertible Note 1
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $94.1K / $250KInvestors 149Valuation cap $3.5M
Reg CF annual-report compliance
Not requiredFewer than 300 holders of record
Filed 1 of 5 annual reports (FY2021–FY2025)
149 investors
holder-count proxy
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
Source: ManualCIK 0001875066Share price $1.00
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.