Virtual World Computing

Virtual World Computing

Early Stage

Profit From Your Data

Profit From Your Data

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Funders USA

Start Date

11/04/2020

Close Date

03/03/2021

Min. Goal
$20,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,200,000

Discount

0%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

03/02/2021

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2018

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Santa Barbara, California

Business Type

Growth

Virtual World Computing, with a valuation cap of $5.2 million, is raising crowdfunding on Funders USA. The company is helping internet users make money using their online data. Virtual World Computing has developed a new app named Cocoon MDR that assists in the monetization of user data easily and without collecting users’ personally-identifiable information. Jeffrey Bermant founded Virtual World Computing in 2008. The proceeds of the current crowdfunding campaign, with a minimum target of $20,000 and a maximum target of $250,000, will be used to scale and expand the Cocoon MDR program to 160 countries. Virtual World Computing’s Cocoon MDR app is available on Android, Windows, and Mac devices and has over 18,000 signups since August 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$21,544

$6,716

COGS

$24,887

$0

Tax

$800

$800

 

 

Net Income

$-548,050

$-798,688

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$7,989

$27,624

Accounts Receivable

$10,743

$4,463

Total Assets

$347,501

$415,434

Short-Term Debt

$176,605

$175,988

Long-Term Debt

$507,414

$2,608,724

Total Liabilities

$684,019

$2,784,712

Financials as of: 11/04/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Tusk by VWC (previously Virtual World Computing) 04/28/2024 Wefunder $10,000,000 $132,325 SAFE Active RegCF
Virtual World Computing 03/02/2021 Funders USA $5,200,000 $0 Convertible Note Not Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Funding data not publicly available

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Virtual World Computing on Funders USA
Platform: Funders USA
Security Type: Convertible Note
Valuation: $5,200,000

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