Black Sands Entertainment
The most popular independent black content developers in the nation!
Analytics
Raised to Date: $1,026,413
Aggregate Commitments $
Wefunder
11/12/2020
12/13/2020
$99,999
$535,000
$250
Equity - Preferred
RegCF
Seed
$9,800,000
Weekly Commitments $
12/31/2020
1,026%
192%
$33,110
2,799
Middletown, Delaware
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 |
|---|---|---|---|---|---|---|
| 12/13/2020 | Wefunder | $9,800,000 | $1,026,413 | Equity - Preferred | Confirmed Closed | RegCF |
| 02/13/2020 | Wefunder | $4,500,000 | $480,000 | Equity - Preferred | Confirmed Closed | RegCF |
Ratings
Ratings Platform - Beta Trial
Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Analyst Report
Ratings Platform - Beta Trial
Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
Cortex on Wefunder
Digital ad spend in the U.S. alone came in at over $92B for 2020
Manta Biofuel on Republic
The global oil and gas market was $3 trillion in 2019. The U.S…
R3 Printing on StartEngine
The R3 Printing team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for…