MakeLoveNotPorn
Early Stage
Pro-sex. Pro-porn. Pro-knowing the difference.
Overview
Raised: $308,658
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/22/2023
Close Date
08/27/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$30,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/06/2024
Days Remaining
112
% of Min. Goal
617%
% of Max. Goal
25%
Likelihood of Max
Avg. Daily Raise
$2,270
# of Investors
542
Momentum
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Year Founded
2011
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
MakeLoveNotPorn, with a valuation of $30 million, is raising funds on Wefunder. The company has developed a platform for sharing, renting, and viewing real-world sex videos. MakeLoveNotPorn aims to destigmatize sex as a celebrated fact of life and make communicative sex aspirational. MakeLoveNotPorn has had 1.5 million signed-up users in the past ten years and has generated $3.5 million in revenue. Cindy Gallop founded MakeLoveNotPorn in August 2011. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.23 million. The campaign proceeds will be used for hiring a developer, online marketing, and promotions.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$641,954 |
$684,894 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-448,591 |
$-348,692 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$110,590 |
$152,586 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$577,319 |
$674,252 |
|
Short-Term Debt |
$71,793 |
$70,134 |
|
Long-Term Debt |
$712,336 |
$362,336 |
|
Total Liabilities |
$784,129 |
$432,470 |
Financials as of: 12/22/2023
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