NY Union
Early Stage
Be an owner of men's and women's soccer clubs rooted in Rochester and Syracuse NY!
Overview
Raised: $68,605
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/27/2023
Close Date
02/02/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$2,376,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
62
% of Min. Goal
137%
% of Max. Goal
55%
Likelihood of Max
Avg. Daily Raise
$1,039
Momentum
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Year Founded
2023
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
NY Union, with a valuation of $2.38 million, is raising funds on Wefunder. The entity includes three soccer clubs rooted in Rochester and Syracuse, New York. NY Union includes two professional men’s soccer clubs, Flower City Union and Salt City Union, and one semi-professional women’s soccer club, Flower City 1872. The clubs are led by passion and inclusion and believe in nurturing social and economic connections through inclusive business practices. Mark Washo and James Paola founded NY Union in January 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for club operations expenses, setting up the new LLC, marketing, merchandise, women’s club branding, soccer club operations, stadium enhancements, and fan experiences.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$240,422 |
$0 |
|
COGS |
$2,487 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-301,260 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$31,949 |
$0 |
|
Accounts Receivable |
$4,000 |
$0 |
|
Total Assets |
$35,949 |
$0 |
|
Short-Term Debt |
$71,698 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$71,698 |
$0 |
Financials as of: 09/27/2023
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