Dragon Spirits Marketing

Early Stage

Upwork for brand ambassadors

Analytics

Raised to Date: Raised: $378,605

Aggregate Commitments $

Platform

Wefunder

Start Date

10/08/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$7,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

05/01/2022

Days Remaining
Funded
% of Min. Goal

757%

% of Max. Goal

35%

Likelihood of Max
Funded
Avg. Daily Raise

$1,856

Momentum
Funded
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Location

Austin, Texas

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

Growth

Dragon Spirits Marketing, with a valuation of $7 million, is raising funds on Wefunder. It is a brand ambassador gig marketplace that matches growing brands with educated and passionate brand ambassadors. The marketplace platform of Dragon Spirits Marketing, The Dragon Engagement Network, provides top-level brand ambassadors for brands with brand activations all over the US. Lamar Romero and Laura Valentino Romero founded Dragon Spirits Marketing in August 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for features and development, sales and marketing, hiring, and client promotions.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$532,905

$701,275

COGS

$322,806

$432,598

Tax

$0

$0

 

 

Net Income

$-110,667

$-110,272

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$322,951

$238,204

Accounts Receivable

$179,890

$223,011

Total Assets

$514,632

$475,945

Short-Term Debt

$293,708

$260,965

Long-Term Debt

$361,527

$244,916

Total Liabilities

$655,235

$505,881

Financials as of: 10/08/2021
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Dragon Spirits Marketing on Wefunder 2021
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Platform: Wefunder
Security Type: SAFE
Valuation: $7,000,000

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