Proper Good

Proper Good

Early Stage

90-second meals made with bone broth, 0g added sugar and functional ingredients

90-second meals made with bone broth, 0g added sugar and functional ingredients

Overview

Raised to Date: Raised: $86,570

Total Commitments ($USD)

Platform

Wefunder

Start Date

01/30/2020

Close Date

04/28/2020

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/02/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$973

# of Investors

141

Momentum
Funded
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Year Founded

2019

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Bozeman, Montana

Business Type

Growth

Proper Good, with a valuation cap of $5.5 million, is raising funds on WeFunder. The company manufactures and sells 90-second meals with bone broth and has started with soup. The products are made from high-quality ingredients and will be delivered to the doorstep of the consumers. Proper Good was founded by Christopher Jane and Jennifer Jane and has raised over $200,000 since its founding. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards the first production run, digital and influencer marketing, and brand partnerships. Proper Good expects to use a lean business model, low production quantities, and short lead times and generate more than 65% in margins.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$50

$0

Accounts Receivable

$0

$0

Total Assets

$50

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/30/2020
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Proper Good on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,500,000

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