WeRTeachers
Early Stage
Online Tutoring Platform
Overview
Platform
StartEngine
Start Date
10/31/2017
Close Date
01/30/2018
Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$6,001,332
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/03/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$0
Momentum
Funded
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Year Founded
2016
Industry
Education, Training, & Coaching
Tech Sector
EdTech
Location
Hawthorne, California
WeRTeachers, with a valuation of $6 million, is raising funds on StartEngine. It is an online tutoring marketplace that utilizes only credentialed teachers. WeRTeachers supports both in-person and video-conferencing tutoring and connects students to vetted teachers. The platform provides excellent tutoring quality to students and increases income and tutoring capacity for teachers. Robert Young and Mark Poling founded WeRTeachers in April 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $107,000. The campaign proceeds will be used for product development, marketing, staff, and working capital.
Summary Profit and Loss Statement
| FY 2016 | FY 2015 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-102,175 |
$0 |
Summary Balance Sheet
| FY 2016 | FY 2015 | |
|---|---|---|
|
Cash |
$22,875 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$22,875 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/31/2017
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