For Bitter For Worse
Early Stage
For Bitter For Worse
Overview
Raised: $222,345
Total Commitments ($USD)
Platform
Microventures
Start Date
09/16/2021
Close Date
04/18/2022
Min. Goal
$25,000
Max. Goal
$400,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$3,000,000
Valuation Cap
$4,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,044
# of Investors
234
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
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: 09/16/2021
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