Weeds Never Sleep

Neutral
BETA

The HotZot is the first tool to effectively kill weeds organically.

Analytics

Raised to Date: $29,648

Aggregate Commitments $
Platform

TruCrowd

Start Date

07/03/2019

Close Date

12/31/2020

Min. Goal

$10,000

Max. Goal

$100,000

Min. Investment

$300

Security Type

SAFE

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$2,500,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

10/25/2020

Days Remaining

65

% of Min. Goal

296%

% of Max. Goal

30%

Likelihood of Max
Avg. Daily Raise

$62

# of Investors

37

Momentum
Location
Industry

Consumer Products, Goods & Services

Tech Sector

AgriTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

Weeds Never Sleep, the manufacturer of HotZot with a pre-money valuation of $2.5 million, is raising funds on TruCrowd. HotZot is the ultimate solution to the problem faced in golf courses, parks, playgrounds, schools, and gardens: weeds. The revolutionary tool of Weeds Never Sleep is an organic sprayer that destroys weeds by pointing and shooting boiling water with organic herbicides on them. Weeds Never Sleep was founded by Bonnie Bruce and Michael Peterson. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $100,000, and the proceeds will be used for engineering, prototyping, marketing, advertising, and other fees. HotZot of Weeds Never Sleep is already patented, and the company has received over 300 requests to buy the product even before it is launched.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$200

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-125,806

$-21,430

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$12,346

$26,242

Accounts Receivable

$0

$0

Total Assets

$12,346

$26,242

Short-Term Debt

$239,254

$122,671

Long-Term Debt

$0

$0

Total Liabilities

$239,254

$122,671

Ratings

last updated 10/27/2020

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