Virtual World Computing (2021)

About this raise

Virtual World Computing, with a valuation cap of $5.2 million, is raising crowdfunding on Funders USA. The company is helping internet users make money using their online data. Virtual World Computing has developed a new app named Cocoon MDR that assists in the monetization of user data easily and without collecting users’ personally-identifiable information. Jeffrey Bermant founded Virtual World Computing in 2008. The proceeds of the current crowdfunding campaign, with a minimum target of $20,000 and a maximum target of $250,000, will be used to scale and expand the Cocoon MDR program to 160 countries. Virtual World Computing’s Cocoon MDR app is available on Android, Windows, and Mac devices and has over 18,000 signups since August 2020.

Investment Overview

Not Funded: $0

Deal Terms
Company & Team

Total Commitments

Platform: Funders USA
Start Date: 11/05/2020
Close Date: 03/03/2021

Min. Goal
$20,000

Max Goal
$250,000

Min. Investment

$100

Security Type

Convertible Note

Company Stage

Early Stage

SEC Filing Type

RegCF

Valuation Cap

$5,200,000

Discount

Company

Year Founded: 2018
Industry: Financial & Insurance Products & Services
Tech Sector: Fintech
Distribution Model: B2C
Margin: Medium
Capital Intensity: Low
Location: Santa Barbara, California
Business Type: Growth
Company Website: Visit Website

Team

Employees: 1

Founder Name: Jeffrey C Bermant
Title: CEO

Funding data not publicly available

Financials

Revenue +221% YoY: $21,544
Monthly Burn: $45,671
Runway: 0.2 months

View Detailed Financials

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$21,544	$6,716
COGS	$24,887	$0
Tax	$800	$800


Net Income	$-548,050	$-798,688

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$7,989	$27,624
Accounts Receivable	$10,743	$4,463
Total Assets	$347,501	$415,434
Short-Term Debt	$176,605	$175,988
Long-Term Debt	$507,414	$2,608,724
Total Liabilities	$684,019	$2,784,712

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Ratings

Offering Name	Close Date	Platform	Valuation	Total Raised	Security Type	Status	Reg Type
Tusk by VWC (previously Virtual World Computing)	04/29/2024	Wefunder	$10,000,000	$137,475	SAFE	Funded	RegCF
Virtual World Computing	03/03/2021	Funders USA	$5,200,000	$0	Convertible Note	Not Funded	RegCF

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Revenue
Valuation
Employees

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Employee History

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Offering Page Removed

Conv. Note, $5.2M • Disappeared

2 Following

Add to Portfolio

3 Invested

Deal Considerations

1
Key Challenges
- Try Edge free for 7 days
Other Risks
- No other risks found

Virtual World Computing (2021)

Virtual World Computing (2021)

About this raise