Zette

Zette

Early Stage

Journalism: accessible to all

Journalism: accessible to all

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/11/2024

Close Date

04/28/2024

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

$250

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$20,000,000

Valuation Cap

$22,000,000

Discount

0%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/26/2024

Days Remaining

62

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$0

Momentum
cold.svg
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Year Founded

2020

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Location

San Francisco, California

Zette, with a valuation of $22 million, is raising funds on Wefunder. The company has developed a platform that drops paywalls from articles with just one click. Zette works on a pay-per-article model and lets users legally unlock paywalled news and get access to over 100 publishers. The platform has publisher deals with companies like New Scientist, Miami Herald, and Forbes and has over 50,000 registered users with five times year-over-year growth rate. Yehong Zhu and Mo Samsami founded Zette in July 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, headcount, SaaS expenses, publisher development, and legal fees.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$12,932

$2

COGS

$235,205

$9,995

Tax

$0

$0

 

 

Net Income

$-1,060,587

$-664,076

Summary Balance Sheet

FY 2022 FY 2021

Cash

$130,254

$1,197,784

Accounts Receivable

$0

$0

Total Assets

$130,254

$1,197,784

Short-Term Debt

$4,790

$13,852

Long-Term Debt

$1,890,417

$1,890,417

Total Liabilities

$1,895,207

$1,904,269

Financials as of: 02/11/2024
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Zette on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $22,000,000

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