Move

Neutral
BETA

The First Community-Owned Digital Retailer

Analytics

Raised to Date: $412,000

Aggregate Commitments $
Platform

Wefunder

Start Date

11/17/2020

Close Date

01/15/2021

Min. Goal

$50,000

Max. Goal

$535,000

Min. Investment

$250

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$25,000,000

Discount Rate

10%

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

42

% of Min. Goal

824%

% of Max. Goal

77%

Likelihood of Max
Avg. Daily Raise

$27,467

# of Investors

431

Momentum
Location

San Francisco, CA

Industry

Retail Shops & Department Stores

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Move, a community-owned digital retailer, is raising funds on Wefunder. The company has designed the retailer from the ground up, rethinking and modifying every part, from production to delivery. Move sells 150 modern staples and adds one new product every Sunday. Chai Mishra founded Move in 2016 and has raised over $2.7 million since its inception. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $535,000. The raise’s proceeds will be used for new hires, purchasing inventory, new categories, and operating costs. Move sources award-winning products that are made ethically and priced fairly. It is a members-only store that has already sold 10,000 years of membership.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$383,188

$36,899

COGS

$30,938

$126,131

Tax

$9,964

$2,040

 

 

Net Income

$-435,352

$-650,484

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$374,576

$256,409

Accounts Receivable

$0

$0

Total Assets

$465,022

$330,470

Short-Term Debt

$27,228

$19,838

Long-Term Debt

$2,188,007

$0

Total Liabilities

$2,215,235

$1,645,333

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
01/15/2021 Wefunder $25,000,000 $412,000 SAFE Active RegCF
07/31/2019 Wefunder $25,000,000 $521,432 SAFE Confirmed Closed RegCF
04/30/2019 Wefunder $25,000,000 $0 SAFE Not Funded / Not Sure RegCF

Ratings

last updated 12/03/2020

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