YouStake

“In fact, we just closed our first tranche of 400 K.”

“In our six months that we've been in, in business it's really started to pick up and we're hitting those 20 plus percent month over month growth for adding new users.”

“There's 2700 users right now, and out of that 2700 users, we've got about 250 of them that are pretty, you know, really active, multiple stakes on multiple people. And then we've got, you know, probably another 150 to 200 that are just, you know, casually here…”

“Oh yeah, absolutely. It's what's called a person to person sponsorship or a income share agreement is, is really what the legal term is. There's actually IRS forms that you fill in when you do your taxes for it. So it's all been approved.”

“So in the six months that we launched, we've had 2.8 million dollars in stakes put up on the site. So that's kind of the supply side. And then we've had 1.4 million pledges against those stakes.”

“No, no, we're taking, we actually get five percent. There's eight percent added to the raise, but five percent goes to us. That's our fee. And the other 2.9% basically is, is the merchant fee that goes to the, you know, credit card and PayPal and those kinds o…”