# Updated Valuation: Get 3X more of Vin Social! | Vin Social

- Canonical URL: https://wefunder.com/feed/145546
- Entity ID: wefunder:feed_item:145546
- Published at: 2021-06-02 20:04:35 UTC
- Updated at: 2025-07-09 03:20:19 UTC

## Author
Sara Moll

## Subject
Vin Social

## Content
Hi there and thanks for following along.Exciting updates from Vin Social including new, more favorable investment terms!We’re nearing $1M in revenue in our first year.This has opened up debt-financing, a non-dilutive option for capital. Our $1.07M WeFunder campaign is the only opportunity we will be offering to angel investors.Now you’ll get 3X more of Vin Social for your investment.We hear you! Startup valuations are crazy right now.If you’ve been thinking of investing in us, we’ve just lowered our convertible note valuation cap from $17M to $7M to reflect our max raise of $1.07M.Our goal: $1M raised by June 20th.We want you to be part of Vin Social’s growing community of investors, wine enthusiasts, and innovators.If you were considering making an investment, now is the time to do so!!  Why now? It’s time to scale!Now that we’re crossing $1M in revenue we are setting our sights on an ambitious goal - the drive to $10M in revenue. The events and alcohol beverage industries’ biggest season is October, November and December (OND).We are anticipating a 300% increase in demand, so there’s a lot to do this summer to prepare for the swell. (mandatory disclaimer: we cannot guarantee these projections.)We’re already deploying capital to build a new eCommerce platform, enhanced B2B & B2C programs, and fortify our team and tech in preparation for this rapid growth.Oh, and our first ever product collaboration was just featured in Forbes! It's officially Rosé season - grab up our limited edition rose now til next Wednesday 6/9 at 15% off with code ROSEALLDAY. Don’t miss out!We want you there with us when we "raise" a glass!Cheers,Sara MollFounder & CEO