pocstock
Early Stage
Global stock photo & video platform focused exclusively on people of color
Overview
Raised: $128,040
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/07/2022
Close Date
02/28/2023
Min. Goal
$50,001
Max. Goal
$1,069,998
Min. Investment
$100
Security Type
Equity - Preferred
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$2.27
Pre-Money Valuation
$19,958,836
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/05/2023
Days Remaining
Funded
% of Min. Goal
256%
% of Max. Goal
12%
Likelihood of Max
Funded
Avg. Daily Raise
$889
# of Investors
191
Momentum
Funded
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Year Founded
2019
Industry
Marketing & Advertising
Tech Sector
AdTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
pocstock, with a valuation of $19.9 million, is raising funds on Wefunder. It is a global stock photo and video platform focused exclusively on people of color. The global business model of pocstock allows influencing the visual narratives of representation and inclusion of underrepresented cultures. The proprietary tech platform has over 170,000 assets and more than 600 registered contributors in 60 countries. Steve Jones, Tamara Fleming, and DeSean Brown founded pocstock in November 2019. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $1.07 million. The campaign proceeds will be used for platform automation, social media marketing and advertising campaigns, content development and acquisition, and increasing staff.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$264,969 |
$50,636 |
|
COGS |
$102,300 |
$21,699 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-7,662 |
$-730 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$579,187 |
$23,969 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$676,514 |
$23,969 |
|
Short-Term Debt |
$62,497 |
$16,465 |
|
Long-Term Debt |
$18,861 |
$18,861 |
|
Total Liabilities |
$81,358 |
$35,326 |
Financials as of: 10/07/2022
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