Tusk by VWC (previously Virtual World Computing)

Tusk by VWC (previously Virtual World Computing)

Growth Stage

Profit From Your Data

Profit From Your Data

Overview

Raised to Date: Raised: $136,775

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/27/2022

Close Date

04/29/2024

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$9,000,000

Valuation Cap

$10,000,000

Discount

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

10/02/2023

Days Remaining

210

% of Min. Goal

274%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$490

# of Investors

303

Momentum
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Year Founded

2018

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Santa Barbara, California

Business Type

High Growth

Company Website

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

FY 2022 FY 2021

Revenue

$5,700

$51,887

COGS

$12,377

$31,216

Tax

$861

$873

 

 

Net Income

$-1,023,920

$-602,907

Summary Balance Sheet

FY 2022 FY 2021

Cash

$126,689

$408,990

Accounts Receivable

$5,056

$9,032

Total Assets

$159,986

$449,908

Short-Term Debt

$1,250,329

$516,331

Long-Term Debt

$1,772,650

$1,772,650

Total Liabilities

$3,022,979

$2,288,981
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) 04/29/2024 Wefunder $10,000,000 $136,775 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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