Fourth & Pride

Fourth & Pride

Early Stage

Vodka that gives back to the LGBTQ+ community

Vodka that gives back to the LGBTQ+ community

Overview

Raised to Date: Raised: $44,700

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/12/2022

Close Date

11/14/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$9,750,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

11/29/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$358

# of Investors

46

Momentum
Not Funded
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Year Founded

2020

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Oyster Bay, New York

Business Type

Growth

Fourth & Pride, with a valuation of $9.75 million, is raising funds on Wefunder. It is a dedicated LGBTQ+ spirit brand that makes extremely smooth vodka. The vodka of Fourth & Pride is gluten-free and made with a proprietary blend of white corn and grape. The business is also dedicated to the community and donates 5% of its proceeds to two charity partners, SAGE and DIFFA. Fourth & Pride is made in the USA and has a loyal customer base. Douglas Slayton and Jesse Weinberg founded Fourth & Pride in January 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for inventory, marketing, sales reps, and overhead expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$53,020

$4,860

COGS

$35,742

$1,888

Tax

$0

$0

 

 

Net Income

$-445,178

$-280,201

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,147

$154,940

Accounts Receivable

$0

$0

Total Assets

$224,768

$405,814

Short-Term Debt

$0

$0

Long-Term Debt

$250,000

$0

Total Liabilities

$250,000

$0

Financials as of: 07/12/2022
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Fourth & Pride on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $9,750,000

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Warning: according to the close date for this deal, Fourth & Pride may no longer be accepting investments.

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