goimagine

goimagine

The World's First Marketplace donating 100% Profits to Charity

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Security Type
Revenue Sharing
Categories
Other
Min Investment
$100
Location
Boston, MA
Offering Date
November 16, 2020
Expected Close Date
March 11, 2021
Target Raise
$50.00K-$250.00K
Deal Notes

4% of revenues

1.5X payback multiple

Secured by assets of goimagine.

Company Description

goimagine is a handmade marketplace connecting buyers and sellers throughout the USA that donates 100% Profits to Charity. We are a handmade marketplace like Etsy with the philanthropic mission of Newman's Own.

In five years, we hope (but not guarantee) to become the largest Marketplace focused solely on Handmade in the United States and inspire other entrepreneurs to start marketplaces with a similar philanthropic mission.

Perks

Invest $100+ for Goimagine Sellers receive .5% off Seller Transaction Fees on goimagine.com for 36 Months
$250+ Goimagine Sellers receive 1.5% off Seller Transaction Fees on goimagine.com for 36 Months
$500+ Goimagine Sellers receive 2.5% off Seller Transaction Fees on goimagine.com for 36 Months
$1,000+ Goimagine Sellers receive 3.5% off Seller Transaction Fees on goimagine.com for 36 Months
$5,000+ Goimagine Sellers receive a FREE shop subscription and 3.5% off Seller Transaction Fees on goimagine.com FOR LIFE!
Invest $100+ for Goimagine Sellers receive .5% off Seller Transaction Fees on goimagine.com for 36 Months
$250+ Goimagine Sellers receive 1.5% off Seller Transaction Fees on goimagine.com for 36 Months
$500+ Goimagine Sellers receive 2.5% off Seller Transaction Fees on goimagine.com for 36 Months
$1,000+ Goimagine Sellers receive 3.5% off Seller Transaction Fees on goimagine.com for 36 Months
$5,000+ Goimagine Sellers receive a FREE shop subscription and 3.5% off Seller Transaction Fees on goimagine.com FOR LIFE!

Key Deal Facts

Earn a 1.5X Return on your investment while helping launch a charitable marketplace.
1,458 Sellers have created a Shop in 2020. At 5,000 shops (in 16 months) we hit profitability! ?
Harness the power of ecommerce to help children in need ❤️
By 2024 ecommerce sales in the US will grow 34% from $794 Billion to $1.2 Trillion. ?

Use of Proceeds

$50,000

  • 41% Marketing (Paid Social, Online Advertising)
  • 36% Operating Expenses
  • 15.5% Software Development
  • 7.5% Wefunder Fee 

$250,000 

  • 60% Marketing (Paid Social, Online Advertising, Content Creation, Public Relations)
  • 24.5% Software Development
  • 8% Operating Expenses
  • 7.5% Wefunder Fee 

Management Team / Advisory Board Bios

Jon Lincoln
Founder
- Successfully launched a SaaS-based insurance management system in 2015 built on SalesForce.com - Won the "Insurance Innovation of the Year" 2016 - Named "Top 10 Insurtech Leader" 2017 - Winner of an ACORD Leadership Award 2019

Bill Rowell
CTO
- 18+ Years experience in eCommerce software design and engineering

Stephanie Romkey
Director of Branding and Social
- 15+ Years experience as Senior Graphic Designer and Branding Professional

Deal Notes

4% of revenues

1.5X payback multiple

Secured by assets of goimagine.

Amount Raised : $53,500
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Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

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