The Marketplace
World-Class Design Destination
Overview
Raised: $40,500
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
08/10/2022
Close Date
12/31/2023
Min. Goal
$30,000
Max. Goal
$150,000
Min. Investment
$1,000
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
10.00%
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/02/2023
Days Remaining
29
% of Min. Goal
135%
% of Max. Goal
27%
Likelihood of Max
Avg. Daily Raise
$85
# of Investors
13
Momentum
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
The Marketplace is raising funds on Silicon Prairie Online. The aim of the business is to support the design/build industry and make Austin, Texas, a world-class design destination. The Marketplace will function as a wholesale shopping destination with products including furniture, rugs, upholstery, flooring, and accessories from local, national, and global brands. It will also work as the brand marketing system and an industry hub. The Marketplace already has ten vendor partners who have reserved their space and paid deposits. Anita Erickson founded The Marketplace in January 2021. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $150,000. The campaign proceeds will be used for the completion of the buildout and payment on an existing business line of credit.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-29,835 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$70,332 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$70,332 |
$0 |
|
Short-Term Debt |
$53,166 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$53,166 |
$0 |
Financials as of: 08/10/2022
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