IMBY

IMBY empowers communities to create their own digital newspaper!

Print
Claim My Business
Location
CLAVERACK, NY
Expected Close Date
May 09, 2024
Target Raise
$60.00K-$124.00K
No. Investors
1
Security Price
$1
Number of Employees
2
Cash
$66,986
Revenue
$18,098
Short Term Debt
$1,558
Cost of Goods
$8,357
Long Term Debt
$7,200
Net Income
$-6,804

Company Description

We are a network of hyperlocal websites for citizen journalism and community networking. Any community can use the platform to create its own news, opinion, and advocacy source. Any registered user can produce perfectly formatted news stories, feature stories, reviews, opinion pieces, memoir pieces and more. And while the majority of content is provided by members, citizen editors curate, monitor, and even edit when needed or wanted to produce the most comprehensive and engaging coverage.

Key Deal Facts

IMBY is built on a scalable, multi-functional platform with custom software, which provides a practical solution to the devastating loss and contraction of local news sources across the country., The network has grown to 32 community sites in four counties — Columbia, Greene and Dutchess in New York and Berkshire in Massachusetts, and with the right resources, can grow exponentially., Our singular brand of citizen journalism is unique among local news sources. Thus far, IMBY has helped citizens with good causes in many communities use citizen journalism as citizen activism.
Amount Raised : $27,690
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Research Reports

No reports have been submitted

Become a Reporter

0 Comments