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Loveseat.com

Operating

Loveseat Inc.

Retail & Consumer · Founded 2015

Online Vintage Furniture Auction

Valuation cap ⓘ
$8.0M
As of Dec 2019 · from Reg CF Offering (2019) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$241,197
Across 2 rounds since 2017

Financials

FY2015–FY2019 · from SEC filings · hover any figure for its source
$126K
−$111K
2015
$724K
−$627K
2016
$2.1M
−$557K
2017
$1.9M
−$448K
2018
$1.1M
−$286K
2019
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2015 reviewed*
FY2016 reviewed*
FY2017
FY2018
FY2019
Income statement
Revenue
$125,764
$724,498
$2,052,573
$1,920,425
$1,085,012
Cost of goods sold
$49,018
$319,812
$722,550
$638,108
$273,352
Gross margin
61%
56%
65%
67%
75%
Net income
-$110,785
-$627,324
-$556,855
-$447,988
-$286,101
Taxes paid
$0
$0
$0
$0
$0
Balance sheet
Cash
$354,295
$499,084
$232,971
$121,230
$143,903
Accounts receivable
$0
$0
$0
$0
$0
Total assets
$398,754
$590,663
$571,495
$360,781
$223,600
Short-term debt
$21,607
$119,569
$72,262
$97,599
$71,126
Long-term debt
$21,607
$46,203
$40,303
$31,523
$22,295
Total liabilities
$43,214
$165,772
$112,565
$129,122
$93,421
Other
Headcount
—
18
10
10
11

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, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds
$8.0M
Valuation cap
Reg CF · SAFE · May 2019

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Cap table

Share counts as of Dec 31, 2019
Preferred Stock · 39.2%common stock · 60.8%
ClassOutstandingVotes / shareShare of totalLast price
Preferred Stockpreferred5,806,356—39.2%—
common stock9,000,000—60.8%—
Total14,806,356100%

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Reg CF · SAFE · May 2019Closedvia WeFunder
Raised $61.3K / $1.1MInvestors 123Valuation cap $8M
Reg CF · SAFE · Nov 2017Closedvia WeFunder
Raised $179.9K / $1.1M

Team

3 people
Chris StanchakFounder
Cofounder & CEO
Jennifer StanchakFounder
Cofounder & CTO
Gabriel Weinberg
Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 2 of 9 annual reports (FY2017–FY2025)

123 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

  • Form C-ARJun 11, 20200001670254-20-000467
    EDGAR
  • Form CMay 22, 20190001670254-19-000361
    EDGAR
  • Form C-AR/AMay 3, 20190001670254-19-000320
    EDGAR
  • Form C-ARApr 17, 20190001670254-19-000213
    EDGAR
  • Form C-UMay 25, 20180001670254-18-000280
    EDGAR
  • Form C/AApr 30, 20180001670254-18-000194
    EDGAR
  • Form CNov 20, 20170001670254-17-000345
    EDGAR
Source: ManualCIK 0001722313

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.