Joi
Early Stage
The FIRST bot to sell Direct Sales products on Facebook!
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/21/2020
Close Date
02/10/2021
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$1,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
02/10/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2015
Industry
Business Services, Software, & Applications
Tech Sector
CommerceTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Joi, with a valuation cap of $1 million, is raising crowdfunding on Wefunder. It is a bot that allows direct sales consultants to sell their products directly on Facebook. The aim is to increase sales for direct sales consultants by reducing friction from the buying process. Michael Stevens founded Joi in 2015 and has raised over $530,000 since its inception. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $100,000, and the proceeds will be used towards the software cost for building Joi and integrating with the direct sales software. Joi is partnering with a software company to allow it to integrate with 50 of their clients.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$223,804 |
$-12,000 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$100 |
$100 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$30,100 |
$30,100 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$223,804 |
|
Total Liabilities |
$0 |
$223,804 |
Financials as of: 10/21/2020
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