Megafono Corporation
Early Stage
Social platform revolutionizing the way 160M voters impact legislation
Overview
$84,412 - RegCF
$184,412 - Total
$184,412 - Total
Total Commitments ($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
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
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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