MeatSoHorny
Early Stage
Rub Your Meat And Squirt
Overview
Raised: $367,857
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/01/2023
Close Date
04/03/2023
Min. Goal
$9,998
Max. Goal
$1,234,998
Min. Investment
$101
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.14
Pre-Money Valuation
$14,980,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
11
% of Min. Goal
3,679%
% of Max. Goal
30%
Likelihood of Max
Avg. Daily Raise
$7,357
# of Investors
896
Momentum
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
MeatSoHorny, with a valuation of $14.98 million, is raising funds on StartEngine. The company makes unique and delicious BBQ rubs, spices, and hot sauces. The MeatSoHorny products include 11 rubs, five hot sauces, and three smoked salts, and are edgy, tasty, and offer a variety of flavors to grilling rockstars, cooks, and friends. MeatSoHorny has a loyal customer base with 7.5 million social media followers and has achieved a 1,773% year-over-year growth in unit sales. Robert Gilbert and Gary Marandola founded MeatSoHorny in November 2022. The current crowdfunding campaign has a minimum target of $9,998.08 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, inventory, company employment, and working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$31,598 |
$5,494 |
|
COGS |
$78,006 |
$21,862 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-88,155 |
$-39,730 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,015 |
$1,629 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$8,015 |
$1,629 |
|
Short-Term Debt |
$7,185 |
$18,781 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$7,185 |
$18,781 |
Financials as of: 02/01/2023
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