Data / Crowdfunding / District of Columbia / SwitchPitch, LLC
SwitchPitch, LLC: crowdfunding raise on SI Portal, LLC, $250,000 to $1,000,000 (2016)
SwitchPitch, LLC, a limited liability company in Washington, DC, filed a Form C with the SEC on August 15, 2016 to raise $250,000 to $1,000,000 in debt through SI Portal, LLC. The offering closed on November 7, 2016. In its most recent fiscal year it reported $65,157 in revenue and a net loss of $193,400, with 1 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.switchpitch.com
- Funding portal
- SI Portal, LLC
- Address
- 1000 WISCONSIN AVENUE, NW SUIT SUITE 100, Washington, DC 20007
- Legal form
- Limited Liability Company
- Jurisdiction
- DC
- Incorporated
- August 25, 2013
- SEC CIK
- 0001681078
Offering terms
From the amendment filed August 15, 2016.
- Security
- Debt
- Price
- $1.00
- Target
- $250,000
- Maximum
- $1,000,000
- Deadline
- November 7, 2016
- Portal compensation
- SI Portal, LLC will receive a 5% cash commission and 5% equity commission on all sales through the portal (e.g., $5,000 cash and $5,000 equity on a raise of $100,000)
Financials
From the Form C/A filed August 15, 2016.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $65,157 | $108,576 | sec.gov |
| Cost of goods sold | $25,916 | $57,000 | sec.gov |
| Net income | $-193,400 | $-100,418 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $27,825 | $27,666 | sec.gov |
| Cash | $12,086 | $3,189 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $125,476 | $81,522 | sec.gov |
| Long-term debt | $320,000 | $100,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| August 15, 2016 | Amendment | $250,000 | $1,000,000 | November 7, 2016 | To reflect a closing date of November 7, 2016 and revised information in the investor presentation and the SeedInvest offering page. | sec.gov |
| August 8, 2016 | Offering | $250,000 | $1,000,000 | November 6, 2016 | sec.gov |
Updated August 15, 2016. 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.