Proper Good
Early Stage
90-second meals made with bone broth, 0g added sugar and functional ingredients
Overview
Raised: $86,570
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/30/2020
Close Date
04/29/2020
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$5,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/02/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$973
# of Investors
141
Momentum
Funded
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Year Founded
2019
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Proper Good, with a valuation cap of $5.5 million, is raising funds on WeFunder. The company manufactures and sells 90-second meals with bone broth and has started with soup. The products are made from high-quality ingredients and will be delivered to the doorstep of the consumers. Proper Good was founded by Christopher Jane and Jennifer Jane and has raised over $200,000 since its founding. 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 the first production run, digital and influencer marketing, and brand partnerships. Proper Good expects to use a lean business model, low production quantities, and short lead times and generate more than 65% in margins.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$50 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$50 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 01/30/2020
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