Black Sands Entertainment (2023)

Black Sands Entertainment (2023)

About this raise

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.

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Investment Overview

Invested this round: $1,188,414

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
04/11/2023
Close Date
06/23/2023
Min. Goal
$100,001
Max Goal
$1,999,997
Min. Investment

$100

Security Type

Equity - Preferred

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$7.17

Early Bird Valuation

$35,945,586

Pre-Money Valuation

$39,958,116

Company & Team

Company

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
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Manuel Godoy
Title
CEO
Founder Name
Geiszel Godoy
Title
CFO

Financials

 Revenue -23.2% YoY
$807,509
as of FY2022
 Monthly Burn
$44,979
as of FY2022
 Runway
18.4 months
as of FY2022
 Gross Margin
72%
as of FY2022

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$1,212,105
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
06/23/2023 Wefunder $39,958,116 $1,188,414 Equity - Preferred Funded RegCF
12/13/2020 Wefunder $9,800,000 $1,026,413 Equity - Preferred Funded RegCF
02/13/2020 Wefunder $4,500,000 $480,000 Equity - Preferred Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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.

View Company Update

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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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