Dreams Aren’t This Good
Early Stage
The first lifestyle salsa brand
Overview
Raised: $46,365
Total Commitments ($USD)
Platform
Republic
Start Date
10/17/2021
Close Date
03/31/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$283
# of Investors
55
Momentum
Not Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Dreams Aren’t This Good, with a valuation of $5 million, is raising funds on Republic. It is the first lifestyle salsa brand that designs and sells premium chips and salsa. The brand is designed to be unique and to create emotional connections with the consumers. Dreams Aren’t This Good has created over 300 retail partnerships and reported a 333% revenue growth from 2019 to 2020. Matt Bennett founded Dreams Aren’t This Good in December 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $107,000. The campaign proceeds will be used for increasing the sales and distribution channels worldwide, expanding online availability, investment in people and production, and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$127,880 |
$32,448 |
|
COGS |
$120,318 |
$20,594 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-86,132 |
$-34,857 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$94,448 |
$14,094 |
|
Accounts Receivable |
$47,206 |
$1,530 |
|
Total Assets |
$218,246 |
$89,222 |
|
Short-Term Debt |
$60,981 |
$17,805 |
|
Long-Term Debt |
$250,000 |
$100,000 |
|
Total Liabilities |
$310,981 |
$117,805 |
Financials as of: 10/17/2021
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