Virtual World Computing

Early Stage

Profit From Your Data

Analytics

Raised to Date: Raised: $0

Aggregate 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

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,200,000

Discount Rate

0%

Rolling Commitments $

Status
Not Funded
Reporting Date

03/03/2021

Days Remaining
Not Funded
% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Location

Santa Barbara, California

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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.

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

Financials as of: 11/05/2020
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