AllSides

AllSides

Early Stage

AllSides provides balanced news, bias ratings, diverse perspectives, and real conversation

AllSides provides balanced news, bias ratings, diverse perspectives, and real conversation

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/13/2024

Close Date

06/29/2024

Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$29,700,000

Valuation Cap

$33,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

75

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
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Year Founded

2016

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Denver, Colorado

Business Type

High Growth

AllSides, with a valuation of $33 million, is raising funds on Wefunder. It is a media business that provides balanced news, diverse perspectives, balanced news, and real conversation. AllSides has its patented bias ratings system that reveals the political learnings of 1,400 news sources and writers and creates a new standard of trust. The business has 79 million monthly views and has been on Entrepreneur Magazine’s 2023 Most Fundable Company list. John Gable, Scott McDonald, and Joan Blades founded AllSides in April 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, business development, tech development, content, and new product launches.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$480,503

$577,399

COGS

$991,613

$438,806

Tax

$0

$0

 

 

Net Income

$-1,117,590

$-419,057

Summary Balance Sheet

FY 2023 FY 2022

Cash

$35,992

$63,618

Accounts Receivable

$151,277

$186,720

Total Assets

$651,365

$805,368

Short-Term Debt

$445,620

$1,906,403

Long-Term Debt

$851,360

$0

Total Liabilities

$1,296,980

$1,906,403

Financials as of: 03/13/2024
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AllSides on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $33,000,000

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