SideHustle App Inc

Underweight
BETA

Platform where customers get rewarded from referrals

Analytics

Raised to Date: $82,130

Aggregate Commitments $
Platform

Wefunder

Start Date

03/27/2020

Close Date

08/01/2020

Min. Goal

$50,000

Max. Goal

$300,000

Min. Investment

$500

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$2,400,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

08/02/2020

Days Remaining
Funded
% of Min. Goal

164%

% of Max. Goal

27%

Likelihood of Max
Funded
Avg. Daily Raise

$647

# of Investors

67

Momentum
Funded
Location
Industry

Marketing & Advertising

Tech Sector

CommerceTech

Distribution Model

B2B

Margin

Low

Capital Intensity

Low

Business Type

Growth

SideHustle App, with a valuation cap of $3 million, is raising funds on WeFunder. The application allows small and medium businesses to reduce their digital advertising costs and showcase their products and services through the app at no cost. On the other hand, the buyers save money and earn money by referring the deals through word of mouth. SideHustle App was founded by Alex Kabir in 2019. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $300,000, and the proceeds will be used towards salaries, sales and marketing, and working capital. SideHustle App has already had 266,000 downloads to date and is naturally viral. Additionally, the business of the SideHustle App is agile and globally scalable.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$26,316

$0

COGS

$0

$0

Tax

$194

$0

 

 

Net Income

$-31,428

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$6,283

$0

Accounts Receivable

$12,080

$0

Total Assets

$202,912

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 08/23/2020

Research

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