Thriving Design

Patented C-BITE clips helping gardeners build custom plant supports

Print
Claim My Business
Form C
View on Wefunder
Security Type
Convertible Note
Categories
Retail, Social Impact, Technology
Min Investment
$100
Location
Fort Collins, CO
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$250.00K
No. Investors
39
Security Price
$1
Website
thrivingdesign.com
Number of Employees
3
Cash
$38,833
Revenue
$102,863
Short Term Debt
$217,417
Cost of Goods
$89,547
Long Term Debt
$216,329
Net Income
$-237,136

Key Deal Facts

💸 1M C-BITEs sold to-date, 300K+ in revenue this year
💰 Available online via Shopify, Amazon, and several DTC websites, including Williams Sonoma in 2022
🤝 Orders from 25% of the top 100 independent garden centers in the U.S.
💥 Carried by 10 of the largest lawn & garden distributors in North America in 2021
💪 Seasoned team w/ experience in garden industry, entrepreneurship, sustainability &marketing
📈 Lawn & garden consumable market expected to hit 26.3B by 2030

Management Team / Advisory Board Bios

Morgan Rider CofounderShuffled cards for five days to make a world's record. Served on the Oregon Environmental Quality Commission. Launched a business with my brother., Jason Rider C-BITE GuyMBA, Returned Peace Corps Volunteer, Vertical Farmer, Chen taijiquan practitioner and inventor of the C-BITE., Jeff Dooley Chief Creative OfficerAward winning creative director. Worked in advertising, branding and design for over 25 years. He has held positions as Creative Director, Art Director and Designer at Portland, Bend (Oregon) and St. Louis advertising agencies.
Amount Raised : $66,550
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

Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment