Megafono Corporation

Early Stage

Social platform revolutionizing the way 160M voters impact legislation

Overview

Raised to Date:
$84,412 - RegCF
$184,412 - Total

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/13/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF / RegD 506(c)

Valuation Cap

$5,000,000

Discount Rate

15%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

88

% of Min. Goal

169%

% of Max. Goal

8%

Likelihood of Max
unlikely
Avg. Daily Raise

$599

# of Investors

28

Momentum
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Location

Washington, District of Columbia

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Megafono Corporation, with a valuation of $5 million, is raising funds on Wefunder. The company has developed a platform that makes government easily and effectively accessible to everyone. The social platform removes barriers between the people and government, makes the legislation fully accessible, and enables users to make real changes on the federal, state, and local levels. Megafono Corporation has an estimation of reaching 470,000 users in the first three years and $34 million in revenue. Bill Lockhart, Ronald D. Wright, and Nathan Jahncke founded Megafono Corporation in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for development, marketing, sales, administration, and carryover.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-23,965

$-4,799

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,277

$20,451

Accounts Receivable

$0

$0

Total Assets

$91,487

$20,451

Short-Term Debt

$45,001

$0

Long-Term Debt

$75,000

$25,000

Total Liabilities

$120,001

$25,000

Financials as of: 09/13/2022
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Megafono Corporation on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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