Dragon Spirits Marketing
Early Stage
Upwork for brand ambassadors
Analytics
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
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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