MicroVision Optical
Early Stage
Changing Premium Eyewear Pricing with a Direct to Consumer Business Model
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/09/2021
Close Date
11/17/2021
Min. Goal
$300,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,500,000
Valuation Cap
$5,500,000
Discount
10%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/16/2021
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2010
Industry
Fitness & Wellness
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
High
Capital Intensity
High
MicroVision Optical, with a valuation cap of $5.5 million, is raising funds on Wefunder. The company makes ultra-premium and affordable eyewear and brings them directly to the customers. The business has multiple patents, decades of technological innovation in reader design, and proven expertise in manufacturing and logistics. David Johnson founded MicroVision Optical in September 2010. The proceeds of the current crowdfunding round, with a minimum goal of $300,000 and a maximum goal of $1,070,000, will be used for social media marketing campaigns, website rework, employee retention, inventory build, and overheads. MicroVision Optical has already sold more than 1 million pairs of readers and sunglasses. The readers have also made it to Oprah Winfrey’s Favorite Things list.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$211,381 |
$1,417,473 |
|
COGS |
$49,620 |
$936,977 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-176,204 |
$-50,006 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$71,383 |
$154,241 |
|
Accounts Receivable |
$727 |
$109,625 |
|
Total Assets |
$503,071 |
$516,376 |
|
Short-Term Debt |
$295,587 |
$486,157 |
|
Long-Term Debt |
$351,736 |
$0 |
|
Total Liabilities |
$647,323 |
$486,157 |
Financials as of: 08/09/2021
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.