Upside

Upside

Early Stage

The partnership platform for independent professional services

The partnership platform for independent professional services

Overview

Raised this Round: Raised: $81,050

Total Commitments ($USD)

Platform

Wefunder

Start Date

05/21/2024

Close Date

09/22/2024

Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment

$1,000

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,500,000

Discount

0%

Year Founded

2023

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

High Growth

Upside, with a valuation of $10.5 million, is raising funds on Wefunder. The company has developed a partnership platform for independent professional services. Upside makes it easier for freelancers, firms, and consultants to partner with one another and grow by getting and making referrals. The beta trials of Upside were successful, wherein 70 users onboarded another 700 users and generated over $1 million in contract value referred for trailing 30 days. Mike Wilner founded Upside in January 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for product development, customer acquisition, sales, and marketing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$28,173

$0

COGS

$344

$0

Tax

$31,911

$0

 

 

Net Income

$-310,161

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$71,023

$0

Accounts Receivable

$0

$0

Total Assets

$75,600

$0

Short-Term Debt

$30,111

$0

Long-Term Debt

$0

$0

Total Liabilities

$30,111

$0

Financials as of: 05/21/2024
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Upside on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $10,500,000

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