Real Work
Early Stage
A flexible hiring platform for the trades
Overview
Raised: $52,500
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/18/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/30/2023
Days Remaining
212
% of Min. Goal
105%
% of Max. Goal
42%
Likelihood of Max
Avg. Daily Raise
$4,375
Momentum
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Real Work, with a valuation of $8 million, is raising funds on Wefunder. The company has developed the next-generation skilled worker platform for hiring. Real Work has been built to support people and provide guidance, accountability, and education. The platform is flexibly focused on the needed skills and licenses and connects employers and workers with efficient matchmaking. Tracy Teutsch founded Real Work in September 2021. 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 ongoing development and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$450 |
$0 |
| ||
| ||
|
Net Income |
$-130,024 |
$-3,759 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$10,402 |
$9,365 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$42,222 |
$29,002 |
|
Short-Term Debt |
$79,243 |
$0 |
|
Long-Term Debt |
$36,680 |
$32,680 |
|
Total Liabilities |
$115,923 |
$32,680 |
Financials as of: 09/18/2023
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