Tusk by VWC (previously Virtual World Computing)

Growth Stage

Profit From Your Data

Overview

Raised to Date: Raised: $64,236

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/27/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$124,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$10,000,000

Discount Rate

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

88

% of Min. Goal

128%

% of Max. Goal

52%

Likelihood of Max
extremely
Avg. Daily Raise

$1,784

# of Investors

152

Momentum
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Location

Santa Barbara, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

TUSK by VWC, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a web browser and search engine with an emphasis on free speech. The TUSK browser is censorship-free, and the TUSK search engine works without the liberal bias and provides results for Conservative news outlets. TUSK by VWC is designed by Conservatives for Conservatives and has reported over 40,000 downloads in six months. Jeffrey Bermant founded TUSK by VWC in January 2008. 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 marketing, research and development, future wages, debt repayment, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$51,887

$31,538

COGS

$0

$0

Tax

$861

$873

 

 

Net Income

$-603,911

$-593,562

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$408,990

$7,637

Accounts Receivable

$4,570

$7,774

Total Assets

$418,023

$19,873

Short-Term Debt

$108,888

$180,499

Long-Term Debt

$2,180,093

$1,106,421

Total Liabilities

$2,288,981

$1,286,920

Financials as of: 12/27/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Tusk by VWC (previously Virtual World Computing) 04/30/2023 Wefunder $10,000,000 $64,236 SAFE Active RegCF
Virtual World Computing 03/03/2021 Funders USA $5,200,000 $0 Convertible Note Not Funded RegCF
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TUSK by VWC on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $10,000,000
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