Black Sands Entertainment
The most popular independent black content developers in the nation!
Analytics
Raised to Date: $574,754
Aggregate Commitments $
Wefunder
11/12/2020
03/04/2021
$99,999
$535,000
$250
Equity - Preferred
RegCF
Seed
$9,800,000
Weekly Commitments $
Active
11/30/2020
92
575%
107%
$31,931
1,124
Middletown, DE
Media, Entertainment & Publishing
Non-Tech
B2C
Medium
High
Black Sands Entertainment, with a pre-money valuation of $9.8 million, is raising funds on Wefunder. The company creates African-American content for an underserved community. Black Sands Entertainment is one of the most popular independent black content developers in the country. Black Sands Entertainment was founded by Manuel Godoy in 2016. The current round of crowdfunding has a minimum target of $99,999 and a maximum target of $535,000, and the funds will be used for developing the distribution app and marketing. Black Sands Entertainment has sold over 60,000 units and has over 5 million impressions a month on social media. The company creates comics and media content based on the black population and is endorsed by Michelle Obama, ReedPOP, and the Schomburg Center.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$100,048 |
$123,843 |
|
COGS |
$42,018 |
$75,847 |
|
Tax |
$117 |
$478 |
| ||
| ||
|
Net Income |
$22,098 |
$874 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$6,273 |
$22,922 |
|
Accounts Receivable |
$49,689 |
$26,465 |
|
Total Assets |
$74,009 |
$74,372 |
|
Short-Term Debt |
$73,830 |
$96,292 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$73,830 |
$96,292 |
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/04/2021 | Wefunder | $9,800,000 | $574,754 | Equity - Preferred | Active | RegCF |
| 02/13/2020 | Wefunder | $4,500,000 | $480,000 | Equity - Preferred | Confirmed Closed | RegCF |
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