Libros 787
Early Stage
The one-stop shop for Latino books and authors
Overview
Raised: $60,550
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/20/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.13
Pre-Money Valuation
$1,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
216
% of Min. Goal
121%
% of Max. Goal
24%
Likelihood of Max
Avg. Daily Raise
$618
Momentum
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Year Founded
2017
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Libros 787, with a valuation of $1 million, is raising funds on Wefunder. It is an online bookstore for Latino books and authors. The bookstore houses books written by Latino authors, especially in Spanish, and connects Latino authors and readers across Puerto Rico and the US. The website of Libros 787 is user-friendly and makes it simple for Spanish-speaking readers to look for and purchase the books they want. Libros 787 has sold over 100,000 books to 40,000 customers and has impacted more than 300 authors and local publishers. Carlos Goyco founded Libros 787 in November 2017. 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 hiring and online marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$366,812 |
$475,364 |
|
COGS |
$256,678 |
$341,953 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$1,620 |
$1,620 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$4,999 |
$20,545 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,999 |
$20,545 |
|
Short-Term Debt |
$29,172 |
$46,338 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$29,172 |
$46,338 |
Financials as of: 06/20/2023
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