Mylance

Removing the lead gen burden for skilled freelancers

Analytics

Raised to Date: $95,128

Aggregate Commitments $
Platform

Wefunder

Start Date

05/27/2021

Close Date

04/30/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

321

% of Min. Goal

190%

% of Max. Goal

38%

Likelihood of Max
extremely
Avg. Daily Raise

$5,596

# of Investors

58

Momentum
hot
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Location

Houston, Texas

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

Mylance, with a valuation cap of $10 million, is raising crowdfunding on Wefunder. The company is developing a platform for freelancers to market themselves, support the community, and grow. The platform aims to offer lead generation and back-office admin to freelancers and streamline their operations. Bradley Jacobs founded Mylance in January 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards development, marketing, non-dev headcount, and legal expenses. Mylance reported a 695% growth in revenue from the first half of 2021 to the second half of 2021.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$55,153

$0

COGS

$8,792

$0

Tax

$450

$0

 

 

Net Income

$-16,172

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$60,594

$0

Accounts Receivable

$460

$0

Total Assets

$61,059

$0

Short-Term Debt

$72,237

$0

Long-Term Debt

$0

$0

Total Liabilities

$72,237

$0

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