Young God Inc.
Early Stage
Premium accessories designed in Los Angeles
Overview
Raised: $0
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/20/2020
Close Date
06/18/2020
Min. Goal
$9,999
Max. Goal
$1,069,999
Min. Investment
$249
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.83
Pre-Money Valuation
$5,490,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
06/20/2020
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
2021
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Young God Inc., doing business as Ouro Goods, is raising funds on StartEngine. The company, with a pre-money valuation of $5.49 million, is a luxury streetwear brand specializing in bracelets and accessories. Ouro Goods makes simplistic and unisex bracelets and accessories that are affordable, fashionable, and personalized. Young God Inc. was founded by Brandon Ganske in 2019. The proceeds of the current crowdfunding round, with a minimum goal of $9,999.12 and a maximum goal of $1,069,999.17, will be used to grow the business and expand the product line. Young God Inc. has already sold more than 23,000 products to over 13,000 customers since January 2019 and generated $450,000 in revenue in 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$492,684 |
$0 |
|
COGS |
$100,396 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-29,895 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$33,777 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$43,087 |
$0 |
|
Short-Term Debt |
$83,843 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$83,843 |
$0 |
Financials as of: 03/20/2020
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