Where’s The Foodtruck
Early Stage
We are a marketing platform, connecting foodies and foodtrucks
Overview
Raised: $75,194
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/28/2020
Close Date
04/30/2021
Min. Goal
$50,000
Max. Goal
$249,999
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$2,500,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$273
# of Investors
141
Momentum
Funded
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
MarketplaceTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
Where’s The Foodtruck, with a valuation cap of $2.5 million, is raising funds on Wefunder. It is a marketing platform that connects foodies and food trucks. The food truck owners get to market themselves, target nearby food enthusiasts, post deals, daily specials, and upcoming events. Nicholas Spindel founded Where’s The Foodtruck and has raised over $79,000 since its founding. The proceeds of the crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $249,999, will be used towards hiring and payroll, in-app ordering completion and UI improvements, software development, marketing, and new app features. Where’s The Foodtruck has over 20,000 active users and generated $130,000 in gross revenues in 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$125,740 |
$1,125 |
|
COGS |
$82,833 |
$150 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$18,815 |
$-14,260 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,647 |
$4,324 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$65,557 |
$45,844 |
|
Short-Term Debt |
$2,776 |
$0 |
|
Long-Term Debt |
$38,451 |
$40,328 |
|
Total Liabilities |
$41,227 |
$40,328 |
Financials as of: 07/28/2020
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