Data / Crowdfunding / New York / Better Network, Inc.
Better Network, Inc.: crowdfunding raise on Wefunder Portal LLC, $50,000 to $350,000 (2018)
Better Network, Inc., a corporation in New York, NY, filed a Form C with the SEC on March 23, 2018 to raise $50,000 to $350,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on September 21, 2018. In its most recent fiscal year it reported $26,019 in revenue and a net loss of $162,320, with 4 employees.
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- Website
- withfriends.co
- Funding portal
- Wefunder Portal LLC
- Address
- 151 West 25th Street 11th Floor, New York, NY 10001
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- June 19, 2015
- SEC CIK
- 0001733814
Offering terms
From the offering filed March 23, 2018.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $350,000
- Deadline
- September 21, 2018
- Portal compensation
- 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed May 1, 2019.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $26,019 | $6,284 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-162,320 | $-14,366 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $11,833 | $1,251 | sec.gov |
| Cash | $11,833 | $1,251 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $6,768 | $706 | sec.gov |
| Long-term debt | $97,630 | $97,630 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 1, 2019 | Annual report | Not listed | Not listed | sec.gov | ||
| March 23, 2018 | Offering | $50,000 | $350,000 | September 21, 2018 | sec.gov |
Updated May 1, 2019. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.