Gides

Neutral
BETA

Gides is a social network that gives everyone the features of a custom website

Analytics

Raised to Date: $115,883

Aggregate Commitments $
Platform

Wefunder

Start Date

09/08/2020

Close Date

03/05/2021

Min. Goal

$250,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

01/17/2021

Days Remaining

45

% of Min. Goal

46%

% of Max. Goal

11%

Likelihood of Max
Avg. Daily Raise

$885

Momentum
Location

Summerville, South Carolina

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

Gides, with a valuation cap of $10 million, is raising funds on Wefunder. It is a social network that gives the functionality of a website without an actual website. The platform is building a universally-accessible internet experience that allows users to create and share content from their phone. Jeffrey T. Medford founded Gides in 2016 and has raised over $4 million since the inception. The proceeds of the current crowdfunding campaign, with a minimum target of $250,000 and a maximum target of $1,070,000, will be used payroll expenses, office-related expenses, tech and hosting expenses, and legal expenses. Gides works on subscriptions and plans to monetize digital content for the users.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$25,000

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,019,201

$-334,775

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$6,943

$106,782

Accounts Receivable

$0

$0

Total Assets

$2,380,080

$1,284,720

Short-Term Debt

$3,863,822

$1,749,261

Long-Term Debt

$0

$0

Total Liabilities

$3,863,822

$1,749,261

Ratings

last updated 01/19/2021

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