Black Sands Entertainment

Overview

Raised to Date: Raised: $894,902

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Total Commitments ($USD)

Platform

Wefunder

Start Date

04/11/2023

Close Date

04/29/2024

Min. Goal

$100,001

Max. Goal

$1,999,997

Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$7.17

Early Bird Valuation

$35,945,586

Pre-Money Valuation

$39,958,116

Rolling Commitments ($USD)

Status

Active

Reporting Date

06/10/2023

Days Remaining

324

% of Min. Goal

895%

% of Max. Goal

45%

Likelihood of Max

Avg. Daily Raise

$14,915

# of Investors

1,914

Momentum

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Black Sands Entertainment

Year Founded

2016

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Middletown, Delaware

Business Type

Growth

Company Website

Black Sands Entertainment, with a valuation of $39.9 million, is raising funds on Wefunder. The company creates African-American content for an underserved community. Black Sands Entertainment is one of the most popular independent black content developers and black comic book publishers in the country. The business has sold more than 200,000 units and generated $3 million in lifetime sales. Manuel Godoy founded Black Sands Entertainment in 2016. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $1.9 million. The campaign proceeds will be used for education sales expansion, video game development, YouTube content development, expansion of comic book development, and development of relations with private businesses.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$807,509	$1,050,818
COGS	$224,092	$299,117
Tax	$13,141	$6,758
Net Income	$-539,742	$-310,557

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$827,052	$788,210
Accounts Receivable	$0	$0
Total Assets	$895,792	$1,201,939
Short-Term Debt	$42,957	$73,169
Long-Term Debt	$0	$0
Total Liabilities	$42,957	$73,169

Financials as of: 04/11/2023

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Black Sands Entertainment	04/29/2024	Wefunder	$39,958,116	$894,902	Equity - Preferred	Active	RegCF
Black Sands Entertainment	12/13/2020	Wefunder	$9,800,000	$1,026,413	Equity - Preferred	Funded	RegCF
Black Sands Entertainment	02/13/2020	Wefunder	$4,500,000	$480,000	Equity - Preferred	Funded	RegCF

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Diversity and representation in fictional content is essential for most fans. Creating characters with various ethnicities and backgrounds is not just a matter of representing reality. It also helps media consumers identify with characters, dream big about their future, and develop empathy and respect for differences.

To resolve the lack of representation of black characters in comic books, Black Sands Entertainment creates various comics featuring black characters. The company’s early traction and the positive trends of the market made it a Deal to Watch during its two last raises, which closed in February and December 2020, respectively. I reached out to Black Sands Entertainment founder and CEO Manuel Godoy to learn more about the company’s progress over the last 2 1/2 years.

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