Virtual World Computing
Profit From Your Data
Analytics
Raised to Date: $6,760
Aggregate Commitments $
Funders USA
11/05/2020
02/28/2021
$20,000
$250,000
$100
Convertible Note
RegCF
Pre-Seed
$5,200,000
0%
Weekly Commitments $
Active
02/24/2021
2
34%
3%
$61
Santa Barbara, California
Financial & Insurance Products & Services
Fintech
B2B
Medium
Low
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 |
$0 |
|
Total Liabilities |
$684,019 |
$2,784,712 |
Ratings
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