Gides

Gides

Closed: Apr. 2021

About this raise

Gides, with a valuation cap of $10 million, is raising funds on Wefunder. It is a social network that gives the functionality of a website without an actual website. The platform is building a universally-accessible internet experience that allows users to create and share content from their phone. Jeffrey T. Medford founded Gides in 2016 and has raised over $4 million since the inception. The proceeds of the current crowdfunding campaign, with a minimum target of $250,000 and a maximum target of $1,070,000, will be used payroll expenses, office-related expenses, tech and hosting expenses, and legal expenses. Gides works on subscriptions and plans to monetize digital content for the users.

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Investment Overview

Not Funded: $128,883

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
09/08/2020
Close Date
04/30/2021
Min. Goal
$250,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$9,000,000

Valuation Cap

$10,000,000

Discount

20%

Company & Team

Company

Year Founded
2016
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Summerville, South Carolina
Business Type
High Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
Yes
Founder Name
Jeffrey Medford
Title
CEO

Financials

 Revenue +16% YoY
$25,000
 Monthly Burn
$84,933
 Runway
0.1 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$25,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,019,201

$-334,775

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$6,943

$106,782

Accounts Receivable

$0

$0

Total Assets

$2,380,080

$1,284,720

Short-Term Debt

$3,863,822

$1,749,261

Long-Term Debt

$0

$0

Total Liabilities

$3,863,822

$1,749,261

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2021 Wefunder $10,000,000 $128,883 SAFE Not Funded RegCF
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Gides on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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