Black Sands Entertainment

Early Stage

The most popular independent black comic book publisher in the nation!

Overview

Raised to Date: Raised: $894,902

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    Open SEC Filing

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
extremely
Avg. Daily Raise

$14,915

# of Investors

1,914

Momentum
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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

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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Company Updates

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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Black Sands Entertainment on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $39,958,116
Price per Share: $7.17

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