Edison Golf Company

Edison Golf Company

Early Stage

Revolutionary new wedge design, proven to improve key areas of recreational golfers' wedge game

Revolutionary new wedge design, proven to improve key areas of recreational golfers' wedge game

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

NextSeed

Start Date

01/29/2020

Close Date

04/23/2020

Min. Goal
$150,000
Max. Goal
$300,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,100,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

04/25/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2018

Industry

Consumer Products, Goods & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Victoria, Texas

Business Type

Life Style

Edison Golf Company, with a valuation cap of $2.1 million, is raising funds on NextSeed. It is a golf equipment company that is implementing innovative technology to challenge the conventional wedge design and create golf equipment that allows better scoring range shots. The Edison Forged wedges have demonstrated better performance than the traditional wedges in terms of distance, spin, launch angle, trajectory, and dispersion. Edison Golf Company was founded by Terry Koehler, with over 40 years of experience in marketing and product development in the golf equipment industry. The proceeds of the current crowdfunding round, with a minimum target of $150,000 and a maximum target of $300,000, will be used towards marketing, operating reserve, and establishing a healthy supply chain. Edison Golf Company has an efficient marketing and distribution model with its build-to-order and just-in-time inventory system.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-76,962

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$15,763

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/29/2020
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Edison Golf Company on NextSeed
Platform: NextSeed
Security Type: SAFE
Valuation: $2,100,000

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Warning: according to the close date for this deal, Edison Golf Company may no longer be accepting investments.

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