Fourth & Pride
Early Stage
Vodka that gives back to the LGBTQ+ community
Overview
Raised: $44,700
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/13/2022
Close Date
11/15/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$9,750,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/30/2022
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
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: 07/13/2022
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