For Bitter For Worse

Early Stage

For Bitter For Worse

Analytics

Raised to Date: Raised: $148,987

Aggregate Commitments $

Platform

Microventures

Start Date

09/17/2021

Close Date

02/14/2022

Min. Goal

$25,000

Max. Goal

$400,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$4,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

71

% of Min. Goal

596%

% of Max. Goal

37%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,886

Momentum
cold.svg
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Location

Portland, Oregon

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

For Bitter For Worse, with a valuation of $4 million, is raising funds on MicroVentures. The company makes non-alcoholic cocktails for discerning drinkers who are abstaining from alcohol. It uses high-quality ingredients to create layered and robust drinks without any natural or artificial additives. For Bitter For Worse reported revenue growth of 700% through July 2021 compared to the same period in 2020. Shelley Elkovich and Jeff Heglie founded For Bitter For Worse in December 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $400,000. The campaign proceeds will be used for general marketing, equipment purchases, and future wages.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$98,266

$4,158

COGS

$48,313

$9,456

Tax

$0

$0

 

 

Net Income

$-77,030

$-62,483

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$10,037

$3,308

Accounts Receivable

$10,630

$0

Total Assets

$59,453

$3,308

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/17/2021
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For Bitter For Worse on MicroVentures 2021
$
Platform: Microventures
Security Type: Convertible Note
Valuation: $4,000,000

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