goimagine
The World's First Marketplace donating 100% Profits to Charity
Overview
Raised: $51,950
Total Commitments ($USD)
Platform
Wefunder
Start Date
12/15/2020
Close Date
02/28/2021
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Revenue Share
Series
Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/27/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$702
# of Investors
88
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2B2C
Margin
Low
Capital Intensity
Low
goimagine, a socially-good marketplace, is raising crowdfunding on Wefunder. It is the world’s first marketplace that donates 100% of its profits to charity. The platform sells handmade items by connecting buyers and sellers across the US. The company is introducing the concept of a caring economy to e-commence. Jon Lincoln founded goimagine in January 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for marketing, operating expenses, and software development. About 1,458 sellers have created their shop on goimagine in 2020. The company will hit profitability as soon as it reaches 5,000 shops.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$6,341 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,934 |
$0 |
|
Accounts Receivable |
$1,972 |
$0 |
|
Total Assets |
$18,906 |
$0 |
|
Short-Term Debt |
$6,227 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$6,227 |
$0 |
Financials as of: 12/15/2020
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