Gides

Gides

Early Stage

Gides is a social network that gives everyone the features of a custom website

Gides is a social network that gives everyone the features of a custom website

Overview

Raised to Date: Raised: $128,883

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/07/2020

Close Date

04/29/2021

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%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

05/01/2021

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

$551

# of Investors

133

Momentum
Not Funded
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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

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.

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

Financials as of: 09/07/2020
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Gides on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000

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