Sheperd
Early Stage
A people-powered decision AI for making better decisions without all the work
Overview
Raised: $18,100
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/02/2023
Close Date
03/07/2024
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$6,000,000
Valuation Cap
$8,000,000
Discount
10%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
96
% of Min. Goal
72%
% of Max. Goal
15%
Likelihood of Max
Avg. Daily Raise
$297
Momentum
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Sheperd, with a valuation of $8 million, is raising funds on Wefunder. The company has developed an AI-powered app that provides trustworthy and fitting buying recommendations to people. Sheperd’s recommendations are powered by artificial intelligence and based on the decisions and satisfaction of people similar to the users. The app has tested 20,000 visitors, of which 70% have been converted to active users. Michael Bifolco founded Sheperd in October 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for R&D, research, and extension of the runway.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$509 |
$0 |
| ||
| ||
|
Net Income |
$-50,529 |
$-6,529 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$2,804 |
$1,068 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,804 |
$1,068 |
|
Short-Term Debt |
$4,624 |
$6,492 |
|
Long-Term Debt |
$1,050 |
$1,000 |
|
Total Liabilities |
$5,674 |
$7,492 |
Financials as of: 10/02/2023
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