Smartass & Sass
Growth Stage
A monthly subscription box—and online shop—for mouthy mofos
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/17/2022
Close Date
10/17/2022
Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/18/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Smartass & Sass, with a valuation of $8 million, is raising funds on Wefunder. It is a monthly subscription box and online shop for mouthy mofos. The team at Smartass & Sass and its partners research and curate a box full of trendy and snarky items each month that make people laugh. Smartass & Sass has over 4,300 current active subscribers and generated $3.9 million in revenue in 2021 compared to $2.5 million in 2020. Abby Bartholomew and Kim Blankenburg founded Smartass & Sass in October 2016. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for ad spending, debt repayment, product line development, team growth, and new sales platforms.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$3,755,117 |
$2,401,480 |
|
COGS |
$2,780,684 |
$1,842,483 |
|
Tax |
$0 |
$32,575 |
| ||
| ||
|
Net Income |
$-214,711 |
$84,212 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$21,821 |
$172,811 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$965,767 |
$317,918 |
|
Short-Term Debt |
$799,800 |
$108,872 |
|
Long-Term Debt |
$505,557 |
$168,736 |
|
Total Liabilities |
$1,305,357 |
$277,608 |
Financials as of: 06/17/2022
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