Plans on Wefunder 2022 – KingsCrowd

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Valuation Cap

$10,000,000

Reporting Date

07/19/2022

Likelihood of Max

Momentum

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Location

Fremont, California

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Plans, with a valuation of $10 million, is raising funds on Wefunder. The company has created an app for business event marketing and engagement. It is an intelligent audience network that helps businesses reduce costs, time, and the number of tools required to run a successful event. Plans has already been used by over 2,500 users and 20 businesses to create 550 events, with a 20% month-over-month user growth rate. Adnan Kharuf and Muhamed Causevic founded Plans in March 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, research and development, hiring, and working capital.

Summary Profit and Loss Statement

Revenue

$5,000

$7,500

COGS

$0

$0

Tax

$800

$800

 

 

Net Income

$-35,606

$-27,433

Summary Balance Sheet

Cash

$-150

$6,226

Accounts Receivable

$0

$0

Total Assets

$-150

$6,226

Short-Term Debt

$2,903

$1,991

Long-Term Debt

$0

$0

Total Liabilities

$2,903

$1,991

Financials as of: 07/20/2022

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