# The Newsette

Type: Company

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/the-newsette
Canonical HTML page: https://getstartupbrief.com/entity/the-newsette

## Timeline

- **2026-08-13**: Investor fraud lawsuit filed — Five investors filed a complaint in federal court in Delaware accusing Wondermind and its founders of fraud and concealing the company's collapse.
- **2022**: $95 million valuation sought — Wondermind sought investment while claiming a $95 million valuation, according to investors.
- **2021**: Wondermind launched — Selena Gomez, Mandy Teefey and Daniella Pierson launch Wondermind as a mental fitness company.

## Recent coverage (1 stories)

### Wondermind Collapse: $95M Valuation, Zero App, 5 Investors Sue Founders
2026-08-13 20:40:11 · Sentiment: Negative · Impact: 6/10 · Sources: 2

Wondermind's collapse from a $95 million valuation to an investor fraud suit offers a stark case study for founders and VCs on product promises, investor updates, and the risks of celebrity-led fundraising.
Full story: https://getstartupbrief.com/story/wondermind-startup-collapse-95m-valuation-lawsuit

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