Otherweb

Early Stage
AI for a junk-free internet
Overview
Raised: $205,851
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
403
% of Min. Goal
412%
% of Max. Goal
27%
Likelihood of Max
Avg. Daily Raise
$6,862
# of Investors
45
Momentum
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Otherweb, with a valuation of $8 million, is raising funds on Wefunder. The company has developed an AI-based walled garden of pristine information without the junk. The platform filters out all the junk and gives the users complete control over what appears in their feed by insulating them from the noise of the broader internet. Otherweb has a community of 93,000 active users and is doubling in size every two weeks on average. Alex Fink founded Otherweb in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $750,000. The campaign proceeds will be used to hire more engineers in Ukraine to speed up development, hire an in-house UX designer, increase the size of its web index, and cover AWS expenses.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$113 |
$0 |
COGS |
$0 |
$0 |
Tax |
$650 |
$750 |
| ||
| ||
Net Income |
$-158,930 |
$-6,093 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$21,294 |
$44,213 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$21,294 |
$44,213 |
Short-Term Debt |
$35,424 |
$0 |
Long-Term Debt |
$150,808 |
$50,266 |
Total Liabilities |
$186,232 |
$50,266 |
Financials as of: 02/21/2023
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
Are you the founder of Otherweb? Create your account today to claim this raise page.