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SWITCH

Operating

Switch Enterprises, Inc.

Media & Entertainment · Atlanta, GA · Founded 2021

Live audio speed-dating app

Post-money valuation ⓘ
$5.1M
As of Feb 2024 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$158,086
Crowd $108K · Private $50K · 3 rounds since 2022
Latest share price
$0.52
Reg CF · Common Stock · Nov 2023 offering price · down round

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$0
2020
$0
−$21K
2021
$0
−$117K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed
FY2021 reviewed
FY2022 reviewed
Income statement
Revenue
$0
$0
$0
Cost of goods sold
$0
$0
$0
Net income
$0
-$20,727
-$117,132
Taxes paid
$0
$0
$0
Balance sheet
Cash
$0
$100
$4,201
Accounts receivable
$0
$0
$0
Total assets
$0
$100
$4,951
Short-term debt
$0
$20,827
$20,910
Long-term debt
$0
$0
$72,000
Total liabilities
$0
$20,827
$92,910
Other
Headcount
—
2
2

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

Pre-money — the valuation set before each round’s money came in
$5.0M
pre-money
Reg CF · Common · Nov 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$0.80$0.40$0.3333
May 2022Nov 2023
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Nov 2023 (-35%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Dec 31, 2022
Preferred Stock · 7.83%Class A Common Stock · 51.2%Class B Common Stock · 41.0%
ClassOutstandingVotes / shareShare of totalVotesLast price
Preferred Stockpreferred765,00017.83%13.3%$0.52Nov 2023
Class A Common Stock5,000,000151.2%86.7%—
Class B Common Stock4,000,000none41.0%0%—
Total9,765,000100%100%

Principal holders% as the filing states it, Nov 16, 2023

  • KiCo LLC9,000,000 Class A Common Stock94.5%of Class A

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

SWITCH Convertible Note 1Closedvia WeFunder
Raised $72K / $500K
Raised $36.1K / $546KInvestors 80Post-money $5.1M
Raised $50KInvestors 1

Team

7 people
Corey StaplesFounder
COO, Co-Founder & Director

COO and co-founder of Switch Corey Staples has a background in telecommunications and obtained her Bachelor of Science in telecommunications- news from the University of Florida and a Master of Science from Florida A&M University in Management. Corey has always had an emphasis on the way we communicate by understanding the importance of intentional conversations because connection is the most fundamental part of the human experience. Corey's background in tech sales– specifically SAAS products– has helped her gain insight into how to leverage Switch on both the consumer front and B2B front, by understanding the ins and outs of highlighting and addressing customer pain points to better not only the operations of Switch but also the product itself. Corey spends 30 to 40 hours a week on Switch.

Kiana Mincey (Kiki)Founder
CEO, Co-Founder & Director

CEO and co-founder of Switch, Kiki, received a Bachelors in Media Studies and her Masters in Integrated Global Communication at Kennesaw State University. Very early on, Kiki wanted a career that has a positive impact on people and how they connect. Her education and experience as a Television Producer, has shown her the millions of ways in which people communicate and connect with each other through mediums of content, storytelling, messaging, and most importantly how those things are integrated into platforms of engagement. Her background in media and entertainment has provided her with the skills of networking and collaboration, how to leverage partnerships and integrations for Switch's B2B model, and the understanding of the consumer perspective on how people communicate and engage on platforms. Kiki believes that Switch will not only be the innovator and disruptor of dating apps as we know it, but Switch will be an enterprising application brand because it simply provides the space for its consumers to have authentic conversations in a fun, unique- engaging way.

Kiana Latrelle MinceyFounder
CEO, Co-Founder and Board Member
Ramiro Canovas
CTO Advisor

Ramiro Canovas is a seasoned tech professional with over a decade of experience. He worked in Dell EMC, a top storage company as the Senior Regional Software Specialist and as a partner in MTM Agency, a Georgia-based marketing, and advertising agency, prior to starting his own development agency, ConsultR. ConsultR empowers organizations to reinvent themselves through creativity, technology, and innovation. His company has helped businesses like Taco Bell, FITTS, Heineken, and Pet Releaf to reach their customers through artfully crafted experiences. In his role as Chief Technology Officer at Fanbase, he handles all the technology layers of the platform from development to integrations to data analytics. He is a former professional soccer player and avid fan.

Josh Kelly
CMO Advisor (Part-Time)

Josh Kelly is a strategic, Marketing specialist with over 7 years of experience in managing social media, business strategy, content creation, marketing brands, etc. He is the founder and owner of Kelly Media. He was America's 3rd Most Influential Entrepreneur of 2018 according to Entreperneur.com and has owned and managed over 20 million followers all over different social media platforms. His expertise in growing and maintaining organic social communities is impressive. He knows how to maximize sales in many different ways. Josh spends 2 hours a week on SWITCH.

Lawron Ballard
Principal Accounting Officer (Part-Time)

With over a decade of experience in tax, accounting and finance, Lawron Ballard, CPA has a proven track record in roles at top firms such as PwC, KPMG, EisnerAmper, LLP, and Deloitte, working with clients like NextEra Energy, Bristol Myers Squibb, and JP Morgan. She brings her extensive expertise and leadership to drive financial success of her clients. When she's not working she enjoys hiking, reading and spending time with her nieces and nephews. Lawron spends 1 hour per week on SWITCH.

Isaac Hayes III
Advisor

As the first Angel Investor into Switch, Isaac Hayes has been very successful in the space of consumer tech applications. He is one of few black founders to have raised nearly $10 million dollars in Reg CF on Start Engine. With his guidance and expertise, his immense knowledge in this space will not only help Switch flourish as they launch into market, but his resources and network that he leverages and provides to this startup will optimize the success of Switch.

Names and titles as disclosed on SEC Form C, StartEngine. 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 1 of 4 annual reports (FY2022–FY2025)

80 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-UFeb 22, 20240001665160-24-000109
    EDGAR
  • Form CNov 16, 20230001665160-23-001939
    EDGAR
  • Form C-AR/AOct 24, 20230001665160-23-001873
    EDGAR
  • Form C-UOct 10, 20230001665160-23-001835
    EDGAR
  • Form C-AROct 10, 20230001665160-23-001837
    EDGAR
  • Form COct 3, 20220001670254-22-001023
    EDGAR
  • Form DJun 1, 20220001931368-22-000001
    EDGAR
Source: ManualCIK 0001931368DEShare price $0.52

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.