Motoroso

Motoroso

Early Stage

All-in-one site for motor enthusiasts to discover, build, & share custom rides

All-in-one site for motor enthusiasts to discover, build, & share custom rides

Overview

Raised this Round: Raised: $87,200

Platform

Wefunder

Start Date

01/05/2017

Close Date

04/14/2017

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Year Founded

2013

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Location

San Luis Obispo, California

Motoroso, with a valuation of $5 million, is raising funds on Wefunder. The company has developed an all-in-one site for motor enthusiasts to discover, build, and share custom rides. Motoroso works as a marketplace for brands and vendors and has over 350 official brand profiles and 3 million page views. The company is the official partner of the Detroit Auto Show and has partnered with Ford at SEMA 2015 and 2016. Alex Littlewood founded Motoroso in August 2013. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for customer acquisition, revenue growth, hiring to build and launch the product marketplace, and marketing.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$17,270

$150

COGS

$672

$0

Tax

$0

$525

 

 

Net Income

$-91,338

$-89,812

Summary Balance Sheet

FY 2016 FY 2015

Cash

$23,930

$35,461

Accounts Receivable

$0

$0

Total Assets

$27,437

$40,023

Short-Term Debt

$8,650

$0

Long-Term Debt

$220,561

$150,561

Total Liabilities

$229,211

$150,561

Financials as of: 01/05/2017
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Motoroso on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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