Black Sands Entertainment

Deal To Watch
BETA

The most popular independent black content developers in the nation!

Analytics

Raised to Date: $574,754

Aggregate Commitments $
Platform

Wefunder

Start Date

11/12/2020

Close Date

03/04/2021

Min. Goal

$99,999

Max. Goal

$535,000

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$9,800,000

Weekly Commitments $
Status

Active

Reporting Date

11/30/2020

Days Remaining

92

% of Min. Goal

575%

% of Max. Goal

107%

Likelihood of Max
Avg. Daily Raise

$31,931

# of Investors

1,124

Momentum
Location

Middletown, DE

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

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

Ratings

last updated 12/01/2020

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