Hearsay, Inc
CIK 2025112 / ANN ARBOR, MI / organized in MI
Designation
Committed
Composite
64.2
Impact class
Adjacent
Mandatory criteria
Both met
A specific, verifiable forward commitment is on record. The designation is a predicate over the filed record; the composite is a separate reading of quality and is not what sets it. Scored under methodology version 0.2 on 2026-07-22.
Read in the Standard's own terms
Each criterion is grouped under the Proof Dimension it evidences. Four dimensions carry criteria. Stats, the fifth, is issuer self-reporting with no filing-record path and is shown unscored below. Every scored line resolves to a filing.
FormProof Dimension
28.0 / 36
How the venture measures and discloses: assurance, timeliness, and completeness.
reviewed financials
8.0 / 14
Financial statements on file, and whether a third party reviewed or audited them.
unit economics
10.0 / 12
Cost of goods disclosed beside revenue, so gross margin is derivable rather than asserted.
timely compliance
10.0 / 10
The most recent annual report is on file and the issuer is not lapsed.
- Most recent annual report filed 2025-04-300002032099-25-000003filed
- Filed 120 days after the period ending 2024-12-31, inside the 120 day window0002032099-25-000003derived_field
PlaybookProof Dimension
9.2 / 20
What the venture committed to, and how binding the commitment is.
structure fit
7.0 / 10
Revenue share, defined-return debt, open access, or employee and community ownership.
- Defined-return debt offered: Debt0002025112-24-000001filed
- Open to non-accredited investors by exemption, per the Regulation CF filing on file0002032099-25-000003filed
community impact
2.2 / 10
Community and impact orientation, scored from the filing record: the filed security description, the use-of-proceeds narrative, the industry label, the intermediary, and the legal name. Website text is context, not score.
- raised through a mission portal: community small business lending (+22), matched in intermediary named on Form C: Honeycomb Portal LLCclassifier
- Context, not scored: open to non-accredited investors by exemption, from Regulation CF or Regulation A on file. Scored in structure_fit, recorded here as context so it is not counted twice. Contributed 0 of a possible +8.context
ConversionProof Dimension
16.0 / 22
What the venture delivered against what it declared.
disclosed revenue
12.0 / 12
Revenue disclosed, across two fiscal years where the form carries both, and its direction.
- Revenue disclosed: $281,104 in the most recent fiscal year0002032099-25-000003filed
- Two fiscal years on the same filing: $1,407 then $281,1040002032099-25-000003filed
- Revenue grew 19879 percent year over year0002032099-25-000003filed
repeat raises
4.0 / 10
More than one offering cycle, which means someone funded the last one.
- 1 offering cycle on file, 2024-06-18 through 2024-06-18, counted from the offering statements cited belowderived_field
- C filed 2024-06-180002025112-24-000001filed
StreakProof Dimension
11.0 / 22
How long and how consistently the venture has reported.
reporting cadence
7.0 / 16
Annual reports on file. One is a filing. Four is a cadence.
- 1 annual report on file, 2025-04-30 through 2025-04-300002032099-25-000003filed
- C-AR filed 2025-04-300002032099-25-000003filed
operating history
4.0 / 6
Years since formation, employees, and assets, against the DERA medians for the exempt market.
- 2.8 years since formation, under the three year bar, computed from the date of incorporation stated on the filing cited0002025112-24-000001derived_field
- 3 employees on the filing cited, at or above the median Reg CF issuer's 3 (SEC DERA, Analysis of Crowdfunding Under the JOBS Act, May 2025)0002032099-25-000003derived_field
- $1,544,526 total assets on the filing cited, at or above the median Reg CF issuer's $80,000 (SEC DERA, Analysis of Crowdfunding Under the JOBS Act, May 2025)0002032099-25-000003derived_field
- The medians above are a published reference, not a fact about this issuer: Analysis of Crowdfunding Under the JOBS Act, SEC Division of Economic and Risk Analysis (Huang and Ivanov), May 2025, stated in the narrative, not in a numbered table, covering Regulation CF issuers, May 16 2016 through December 31 2024.reference
Stats, Proof Dimension, not scored
What the venture reports directly beyond its filings. This is issuer self-reporting with no filing-record path, so there is nothing in the public record to score. The Screen leaves it unscored in version 0.2 until that data exists, rather than approximating it from something else.
Financial fields as filed
Taken from the structured fields on Form C, Form C-AR and Form 1-A. Not restated, not adjusted. A zero is what the issuer reported.
Community and impact signals
intermediary named on Form C: Honeycomb Portal LLC
Regulation CF or Regulation A on file. Scored in structure_fit, recorded here as context so it is not counted twice
Where this issuer is raising
Addresses the issuer stated on its own filings. This is where a raise happens, not part of the reading of the filing record above. Nothing here is an offer or a solicitation, and inclusion does not mean any offering is currently open.
Stated website
heardotsay.comFunding portals used
Filing record
3 filings on EDGAR. The most recent 3 are listed. Each links to its filing index on sec.gov.