{"data":{"type":"company_profile","id":109913,"entity_id":"wefunder:company:109913","attributes":{"canonical_url":"https://wefunder.com/pangea","generated_at":"2026-06-05T12:20:39Z","updated_at":"2026-06-05T05:00:40Z","entity_ids":{"company":"wefunder:company:109913","slug":"wefunder:company_slug:pangea"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-05T12:20:39Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-05T05:00:40Z","as_of":"2026-06-05T12:20:39Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-05T05:00:40Z","as_of":"2026-06-05T12:20:39Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-04-20T19:28:07Z","as_of":"2026-06-05T12:20:39Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-04-20T19:28:07Z","as_of":"2026-06-05T12:20:39Z","confidence":"medium"}}},"company":{"id":109913,"entity_id":"wefunder:company:109913","slug":"pangea","name":"PANGEA","tagline":" Turning Trash into High-Quality Sustainable Products (Campaign Closes Dec 1st!)","elevator_pitch":"We identify high-demand products for the outdoors and replace them with ecological and carbon-negative alternatives. We sell them online around the world and use part of the funds to clean our planet, plant mangrove trees, and stop ocean pollution by placing river trash barriers.","story":"Pangea uses Certified environmental waste WE COLLECT, and WE RECYCLE\u0026nbsp;at our Plastic Innovation Center, to make YOUR HIGH QUALITY PRODUCTS.Our sunglasses are handcrafted from trash collected in PANGEA Mangrove Cleanup in the Philippines and ocean bound plastic in Bali.Still early! 1M valuation 2 years ago. Aiming to 5x our valuation in 2 years. Forward-looking financials are projections and not guaranteed.(Backed by venture capital funds in our pre-seed and seed rounds)River Barrier: Your name will be displayed on our newest river barrier with the other investors who commit over $1000.The Pangea Club: is a private group where investors and super customers can influence the future and direction of the company with like-minded individuals. Free Trip to Bali: Includes accommodation, food, activities with the team, a visit to our river barriers and Plastic Innovation Center.\u0026nbsp;Click here to learn more.(Does not include flights)All Pangea Products Free: You will get 1 unit of every product we have made so far for free. You can customize your colors and sizes.Pangea Club members get to vote on the direction and strategy of Pangea + discounts on Pangea products.*All perks are cumulative and include the perks from the previous tier.PANGEA has one of the highest impact per dollar sold of any product company we have found. We sell high-quality, durable products like All Birds and Cotopaxi, but make a much more direct positive impact through our own movement with each product sold.Doing no harm or donating 1% is not enough. Our planet needs more action. We want to be the most impactful brand in the world, powered by profitable sustainable products.(Image taken from our campaign back in September 2022)We launched our first sunglasses in January and presold $150K (1800 pairs) in the first month.On Feb 19th 2023 we gathered 1,400 volunteers in Manila Bay, Philippines, and cleaned 10,800 lbs of trash in 8 hours. This cleaned up one of the dirtiest Mangrove forests in the world.Instead of polluting the planet, the PANGEA Mangrove Sunglasses collect trash and capture CO2.We are planting mangroves in North Java, Indonesia, to fully offset our carbon emissions, and go beyond carbon neutral by capturing more CO2 than we produce. By doing it ourselves we cut the middlemen and we can plant 4x more trees per dollar than by outsourcing it like all the other brands do. Forward-looking financials are projections and not guaranteed.With this investment round, we will take our brand to the next level by attracting some of the best marketers, content creators, and designers in the industry and developing unique products with a great story to drive massive impact.Forward-looking financials are projections and not guaranteed.The images and designs below were completely generated by AI in less than 15 mins:We are pioneering a new product development process using Artificial Intelligence. We will implement it for our upcoming line of sunglasses. Using AI saves the company 2.5 months of time in product development. We can go from idea to HD renders in 1 day instead of weeks, cutting down product development costs by 50%.The outdoors market is huge, with immense growth potential and a wide array of product categories to disrupt. After conquering the recycled eyewear niche, we will expand to disrupt other product categories.We launched an ad on Times Square to raise awareness for World Oceans Day. It got over 12,000 shares on Twitter.Our customers are so satisfied that over 90% are active promoters of the brand.Source:\u0026nbsp;https://blog.hubspot.com/sales/average-email-open-rate-benchmarkWe have already moved all our revenues, expenses and operations from SG to the US, we are in the process of swapping the shares and making the US subsidiary the holding company.River Barrier: Your name will be displayed on our newest river barrier with the other investors who commit over $1000.The Pangea Club: is a private group where investors and super customers can influence the future and direction of the company with like-minded individuals.Free Trip to Bali: Include: Accommodation, Food, Activities with the team, a Visit to our River Barriers and Innovation Lab, and Unlimited Ice Cold Coconuts :)Click here to learn more.All Pangea Products Free: You will get all of the Products we have made so far for free. You can customize your colors and sizes.*Pangea Club members get to vote on the direction and strategy of Pangea + discounts on Pangea products.*All perks are cumulative and include the perks from the previous tier.","location":"Denpasar, Indonesia","website":"https://www.pangeamovement.com","total_amount_raised":541826,"total_investors":765,"is_funded":true,"is_active":true,"quality_score":3,"related_urls":["https://wefunder.com/pangea","https://www.pangeamovement.com"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/109913/xxl_cropped_Group_352.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/109913/large_cropped_Copy_of_Logo_Pangea-03.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/109913/standard_cropped_Group_352.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/109913/standard_cropped_Group_352.jpg","profile_video_url":"https://wefunder.wistia.com/medias/s4b3i5ul7u"},"links":{"company_url":"https://www.pangeamovement.com"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Taking on the $180B sunglass industry with a first-in-the-world alternative cleaning the planet"},{"index":2,"claim_id":"claim-fact-2","value":"Our products are 2.5x more profitable than 6 months ago! Profit margin increased from 15% to 40%"},{"index":3,"claim_id":"claim-fact-3","value":"Featured on InvestorPlace's List of The 7 Best Startups You Can Buy on Wefunder Right Now"},{"index":4,"claim_id":"claim-fact-4","value":"20% returning customers. Launched 4 high quality products in the last 6 months"},{"index":5,"claim_id":"claim-fact-5","value":"Pangea's certified supply chain cleans the planet every step of the way! No 3rd Party outsourcing"},{"index":6,"claim_id":"claim-fact-6","value":"Still early! 1M valuation 2 years ago. Aiming to 5x our valuation in 2 years (not guaranteed)"},{"index":7,"claim_id":"claim-fact-7","value":"Signed contract with a large eyewear manufacturer that supplies global brands!"}],"team":[{"id":2513540,"entity_id":"wefunder:company_role:2513540","user_entity_id":"wefunder:user:2526038","role":"founder","name":"Marcos Bulacio","title":"CEO and Co-Founder","bio":"E-commerce entrepreneur from age 15. Built an incubator of Amazon brands. Ten years of experience in Marketing, Branding, and Product Development. He grew his family's healthcare business by 300% from 6 to 7 figures at age 23. Harvard University (Entrepreneurship \u0026amp; Innovation) University of Buenos Aires (Business \u0026amp; Project Management)","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2513540/square_cropped_Marcos_Bulacio.jpg?1778775036","profile_url":"https://wefunder.com/marcosbulacio","personal_url":"http://www.pangeamovement.com","linkedin_url":"https://www.linkedin.com/in/marcos-bulacio-1625a288/","related_urls":["https://wefunder.com/marcosbulacio","http://www.pangeamovement.com"]},{"id":2513563,"entity_id":"wefunder:company_role:2513563","role":"founder","name":"William DiRicco","title":"COO and Co-Founder ","bio":"Ex-Amplitude Analytics, a Silicon Valley unicorn startup. UC Davis (Bachelor of Science) - world's most sustainable university.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2513563/square_cropped_Screenshot_2022-04-19_231758.jpg?1778775036","linkedin_url":"https://www.linkedin.com/in/williamdiricco/","related_urls":[]},{"id":2587294,"entity_id":"wefunder:company_role:2587294","user_entity_id":"wefunder:user:2555870","role":"employee","name":"Sharon Smith","title":"Sustainability Advisor","bio":"20 years of experience in corporate sustainability. ESG \u0026amp; NGOs consultant. Yale University (Masters in Environmental Management)","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2587294/square_cropped_Screen_Shot_2022-03-21_at_4.00.04_PM.jpg?1778775036","profile_url":"https://wefunder.com/sharon.smith.10","linkedin_url":"https://www.linkedin.com/in/sharonjsmith/","related_urls":["https://wefunder.com/sharon.smith.10"]},{"id":2587332,"entity_id":"wefunder:company_role:2587332","role":"employee","name":"Tudor Tanase","title":"E-commerce Advisor","bio":"Founder of 7 amazon brands that sell $10M+ USD per year, with 3 successful exits.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2587332/square_cropped_Screen_Shot_2022-03-21_at_5.18.32_PM.jpg?1778775036","linkedin_url":"https://www.linkedin.com/in/tudor-tanase-7b007b213/","related_urls":[]},{"id":2596358,"entity_id":"wefunder:company_role:2596358","role":"employee","name":"Harry Schiff","title":"Strategy Advisor \u0026 Shareholder","bio":"MBA from INSEAD, and McKinsey consultant. Former entrepreneur and a VC that invested in over 20 startups.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2596358/square_cropped_Screen_Shot_2022-03-24_at_4.18.24_PM.jpg?1778775036","related_urls":[]},{"id":2837867,"entity_id":"wefunder:company_role:2837867","user_entity_id":"wefunder:user:2681298","role":"employee","name":"Ahad Arif","title":"Advisor","bio":"Founder of Miracle, a $30M USD per year online brand and 4 other successful e-commerce brands.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2837867/square_cropped_1565110616503.jpg?1778775036","profile_url":"https://wefunder.com/ahad.arif","linkedin_url":"https://www.linkedin.com/in/ahadarif/","related_urls":["https://wefunder.com/ahad.arif"]}],"featured_investors":[{"id":4720,"entity_id":"wefunder:company_investor_profile:4720","investor_profile_id":2029524,"investor_profile_entity_id":"wefunder:investor_profile:2029524","subject_entity_id":"wefunder:user:2553062","name":"Vikram Bharati","role_title":"","bio":"Founder, Draper Startup House","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2553062/medium_blob.jpg","profile_url":"https://wefunder.com/vikrambharati","endorsement_name":"","investment_total":1000,"investment_info":"Invested $1,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/vikrambharati"]}],"investor_memos":[],"tab_counts":{"posts":18,"ask_questions":44,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":69153,"entity_id":"wefunder:fundraise:69153","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2023-05-10T23:59:02Z","funding_closed_at":"2023-12-01T05:01:47Z","auto_close_at":"2023-12-01T04:59:59Z"},{"id":69154,"entity_id":"wefunder:fundraise:69154","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":800000.0,"funding_started_at":"2023-03-07T04:57:29Z"},{"id":59038,"entity_id":"wefunder:fundraise:59038","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"funding_started_at":"2022-05-26T00:46:01Z","funding_closed_at":"2022-08-19T04:02:52Z","auto_close_at":"2022-08-19T03:59:59Z"},{"id":59039,"entity_id":"wefunder:fundraise:59039","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":100,"max_purchase":9,"funding_target":800000.0,"funding_started_at":"2022-03-18T08:51:19Z"}],"latest_fundraise":{"id":69153,"entity_id":"wefunder:fundraise:69153","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2023-05-10T23:59:02Z","funding_closed_at":"2023-12-01T05:01:47Z","terms":{"eb":null,"nb":"$6.9M","txt":"valuation cap"}},"recent_posts":[{"id":168910,"entity_id":"wefunder:feed_item:168910","type":"FeedItem::Update","visibility":"public","title":"Only one day left before our round closes!","preview":"Dear investors,Thank you for bringing our mission at PANGEA to life! All of our accomplishments would not be possible without you. Our latest updates about our progress to disrupt the eyewear industry are only the beginning. We can't wait to drive and inspire the transition to a regenerative future with all of you!In one day we will be closing our Wefunder campaign. This is your last chance to increase your investment in PANGEA.Click the link here to increase your investment: https://wefunder...","published_at":"2023-11-29T11:10:20Z","author_name":"Marcos Bulacio","url":"/feed/168910","canonical_url":"https://wefunder.com/feed/168910"},{"id":168810,"entity_id":"wefunder:feed_item:168810","type":"FeedItem::Update","visibility":"public","title":"3 major updates in the last week before we close!","preview":"Dear Investors,You can increase your investment and place the defining pledge.1) At $250K Wefunder will be creating a promotion for PANGEA to their entire database. We’re only $4.5K away from hitting the goal!\u0026nbsp;Click here to increase your investment: https://wefunder.com/pangea/invest?amount=500\u0026nbsp;2) After announcing our new contract of co-development with one of the biggest eyewear suppliers in the world (Hisight), we’re absolutely thrilled to announce that new venture capital is also...","published_at":"2023-11-23T13:19:39Z","author_name":"Marcos Bulacio","url":"/feed/168810","canonical_url":"https://wefunder.com/feed/168810"},{"id":168008,"entity_id":"wefunder:feed_item:168008","type":"FeedItem::Update","visibility":"public","title":"Lights, Camera, Action: PANGEA shines in new upcoming docuseries","preview":"Dear Investors, we have exciting news!Earlier this month, a film crew from Gaia visited PANGEA to capture a day in the life of the PANGEA team, right here in Bali. This incredible experience is part of their 8 episode docuseries “Road to Utopia”.“Road to Utopia” is a groundbreaking series that features the visionary leaders, entrepreneurs, and innovators who are dedicated to reshaping the world for the better.\u0026nbsp;What makes this even more thrilling is that PANGEA will take the spotlight in ...","published_at":"2023-10-23T15:37:53Z","author_name":"Marcos Bulacio","url":"/feed/168008","canonical_url":"https://wefunder.com/feed/168008"},{"id":166595,"entity_id":"wefunder:feed_item:166595","type":"FeedItem::Update","visibility":"public","title":"We are thrilled to announce the launch of the all-new OceanGuard Sunglasses!","preview":"Each pair of OceanGuard Sunglasses you back will play a pivotal role in preventing a staggering 25lbs of plastic waste from infiltrating our oceans by directly funding PANGEA river barriers.\u0026nbsp;But that’s not it, we’re using a portion of the ocean plastics intercepted by our barriers to craft the very OceanGuard sunglasses you wear. This is our unwavering commitment to recycling true environmental waste!\u0026nbsp;Join the movement by exploring our campaign here. Fueled by the remarkable support...","published_at":"2023-08-22T14:48:06Z","author_name":"Marcos Bulacio","url":"/feed/166595","canonical_url":"https://wefunder.com/feed/166595"},{"id":165234,"entity_id":"wefunder:feed_item:165234","type":"FeedItem::Update","visibility":"public","title":"The 7 best startups you can buy on Wefunder according to InvestorPlace","preview":"In an article published on Nasdaq.com and written by InvestorPlace (one of America’s largest and longest standing independent financial research firms), Pangea was one of seven featured startups to be the best deal you can find on Wefunder!Take a look here: https://www.nasdaq.com/articles/the-7-best-startups-you-can-buy-now-on-wefunder","published_at":"2023-06-30T12:00:25Z","author_name":"Marcos Bulacio","url":"/feed/165234","canonical_url":"https://wefunder.com/feed/165234"},{"id":164461,"entity_id":"wefunder:feed_item:164461","type":"FeedItem::Update","visibility":"public","title":"Today is World Oceans Day, but how do we do it justice?","preview":"Every year we celebrate World Oceans Day, yet our oceans are still suffering from pollution. But no more excuses, the solution to ocean pollution is simpler than you think.Many have called for a reduction in plastic consumption to solve plastic pollution. But with the world population only increasing and more people rising out of poverty into consumer-oriented lifestyles, plastic packaged goods will inevitably grow.Others have called for improved waste management, however, it requires expensi...","published_at":"2023-06-08T15:45:06Z","author_name":"Marcos Bulacio","url":"/feed/164461","canonical_url":"https://wefunder.com/feed/164461"},{"id":163824,"entity_id":"wefunder:feed_item:163824","type":"FeedItem::Update","visibility":"public","title":"Action required: 2 clicks to complete your PANGEA investment!","preview":"*FOR NEW INVESTMENTS in 2023 ONLY. If you are a 2022 PANGEA investor who has not made or is not interested in making a new investment this year, please ignore this update*You were one of PANGEA’s investors who got in early!To lock in your investment you must confirm it as soon as possible or else you could lose your spot to invest.\u0026nbsp;You can confirm your reservation in just 10 seconds by going to the link here and clicking these 2 buttons.We are so excited to see that so many investors hav...","published_at":"2023-05-15T12:00:29Z","author_name":"Marcos Bulacio","url":"/feed/163824","canonical_url":"https://wefunder.com/feed/163824"},{"id":163627,"entity_id":"wefunder:feed_item:163627","type":"FeedItem::Update","visibility":"public","title":"$170K and counting after public launch!","preview":"Yesterday, PANGEA launched our Wefunder campaign to the public. We have now raised over $170K!\u0026nbsp;Your support has blown us away and far exceeded the expectations that we had for our second Wefunder campaign. Some of you have been with us since the beginning, and others may have only joined us this year, but to each and every one of our investors, I personally want to thank you, and share my immense gratitude for making this possible and believing in our mission.\u0026nbsp;Thanks to you, the wor...","published_at":"2023-05-05T10:49:47Z","author_name":"Marcos Bulacio","url":"/feed/163627","canonical_url":"https://wefunder.com/feed/163627"},{"id":160532,"entity_id":"wefunder:feed_item:160532","type":"FeedItem::Update","visibility":"public","title":"PANGEA’s Annual Letter to Shareholders, Customers, Family and Friends","preview":"Life is full of compromises, small sacrifices we have to make to accomplish our goals. Since Pangea’s creation we have wanted to take trash and turn it into something beautiful. Give it a value so that it’s not so easily discarded and used as an instrument to destroy the planet. Along the way we have had to make many compromises. When we were one of the only companies in the world producing bamboo waffle weave, we agreed to produce in China. When no one in the world would recycle our environm...","published_at":"2023-01-13T13:57:54Z","author_name":"Marcos Bulacio","url":"/feed/160532","canonical_url":"https://wefunder.com/feed/160532"},{"id":156283,"entity_id":"wefunder:feed_item:156283","type":"FeedItem::Update","visibility":"public","title":"Line up for Series A","preview":"Hi Pangea Investors 🌎,This Seed Round has been going amazing so far thanks to everyone!It is great to see people around the world taking their part in regenerating our planet with us.We met plenty of incredible people during this process. Among them, many big VC funds that are eager to see our growth during our seed-stage and potentially join our series A onwards!The lineup we have for the Series A is:🚀 DST Global DST Global is one of the leading Internet investment firms globally. Its invest...","published_at":"2022-06-24T06:50:06Z","author_name":"Marcos Bulacio","url":"/feed/156283","canonical_url":"https://wefunder.com/feed/156283"},{"id":156020,"entity_id":"wefunder:feed_item:156020","type":"FeedItem::Update","visibility":"public","title":"Our Lead Investor","preview":"Dear Pangea investors, Meet our lead investor Vikram Bharati.He is the founder \u0026 CEO of Draper Startup House, a global entrepreneurship network consisting of startup hotels, coworking spaces, venture capital, education, and technology services, with a presence in 18 countries! DSH was backed and acquired by the billionaire investor Tim Draper in 2020.Before founding DSH, Vikram was the Head of the VC Group REAPRA, a $100M USD fund. He led the investments of REAPRA and managed the portfolio of...","published_at":"2022-06-14T08:52:27Z","author_name":"Marcos Bulacio","url":"/feed/156020","canonical_url":"https://wefunder.com/feed/156020"},{"id":155717,"entity_id":"wefunder:feed_item:155717","type":"FeedItem::Update","visibility":"public","title":"Just 2 clicks to complete your discounted Pangea investment! (Action Required) 🚨","preview":"You got in early in the Pangea investment and received 25% off, in order to guarantee your discount: confirm your pledge as soon as possible or you could lose your spot to invest!You can confirm your reservation in 10 seconds by going here and clicking these 2 buttons.It's incredible to have so many of you joining us and we look forward to changing the world with you 🚀With Love,Marcos, William and The Pangea Movement Team 🌎PS: If you have any questions on the status of your investment or how ...","published_at":"2022-05-26T19:00:35Z","author_name":"Marcos Bulacio","url":"/feed/155717","canonical_url":"https://wefunder.com/feed/155717"},{"id":155659,"entity_id":"wefunder:feed_item:155659","type":"FeedItem::Update","visibility":"public","title":"Updates and Extended Discount!","preview":"Hi Pangea Investors ❤️,Thank you so much for joining Pangea and being a part of this journey. Together we are going to change the world!🚀 New Investment 🚀Gayo Capital confirmed a $100K investment and the paperwork will be finished this week. We're also in the final stages with 4 other VCs and we'll have an update soon about their investments. 📈 Campaign Traction 📈We launched three weeks ago and we've raised a total of $158K on WeFunder without any marketing, PR and promotion! We are about to ...","published_at":"2022-05-24T06:48:06Z","author_name":"Marcos Bulacio","url":"/feed/155659","canonical_url":"https://wefunder.com/feed/155659"},{"id":155311,"entity_id":"wefunder:feed_item:155311","type":"FeedItem::Update","visibility":"public","title":"Meet our angels and VC fund for this round!","preview":"Pangea Movement Investors, we would love to introduce you to our amazing angels and VC fund that has joined this round.First, say hello to Victor Henning, he is an investor in climate/sustainability startups.He was also the founder of Mendeley, one of the world's leading platforms for scientific research. The company was acquired for nine figures. Next is Jonathon Holt, He is one of our top 10 customers and we could not be happier to have one of our customers to become a part of us and provid...","published_at":"2022-05-13T09:06:19Z","author_name":"Marcos Bulacio","url":"/feed/155311","canonical_url":"https://wefunder.com/feed/155311"},{"id":154861,"entity_id":"wefunder:feed_item:154861","type":"FeedItem::Update","visibility":"public","title":"Video: Q\u0026amp;A with our Angel Investor, Jonathon","preview":"We sat down with our angel investor Jonathon for a Q\u0026A to answer any questions you might have about investing in our equity crowdfunding campaign!Below are the time stamps of the video so feel free to skip to questions you would like to learn more about.\u0026nbsp;0:00 Intro0:14 Jonathon's history with PANGEA 1:29 How was your valuation determined? 1:54 What is your biggest risk of operation and what are you doing to mitigate this? 4:56 How are you conscientious of your supply chain? 7:20 Where do...","published_at":"2022-04-22T08:43:47Z","author_name":"Marcos Bulacio","url":"/feed/154861","canonical_url":"https://wefunder.com/feed/154861"},{"id":154860,"entity_id":"wefunder:feed_item:154860","type":"FeedItem::Update","visibility":"public","title":"Video: PANGEA's Pitch Deck and US$100K have been raised!","preview":"We are excited and grateful to have the support of everyone that has invested so far!It is wonderful to see people all over the world believing in us and joining our mission to clean our oceans.Many of you guys were asking for a live recording of our pitch so we made it!Below are the time stamps of the video so feel free to skip to titles you would like to learn more about.0:00 Intro1:07 Our mission1:19 The problem of travel gear2:03 Our solution for ocean waste3:12 PANGEA Bamboo travel towel...","published_at":"2022-04-22T08:35:26Z","author_name":"Marcos Bulacio","url":"/feed/154860","canonical_url":"https://wefunder.com/feed/154860"},{"id":154401,"entity_id":"wefunder:feed_item:154401","type":"FeedItem::Update","visibility":"public","title":"We're Switching to SAFE Notes","preview":"Why we switch:SAFE (Simple Agreement for Future Equity) Notes are easier and faster to execute compared Convertible notes. It is shorter and more straight forward which means it would require no lawyers.SAFE Notes are standard agreement widely used for seed-stage, making it a better option for PANGEA.The agreement will convert into equity in our next round of investment or if we sell the company.We are planning to scale super fast with these funds and raise our series A in the second half of ...","published_at":"2022-04-08T08:51:06Z","author_name":"Marcos Bulacio","url":"/feed/154401","canonical_url":"https://wefunder.com/feed/154401"},{"id":154166,"entity_id":"wefunder:feed_item:154166","type":"FeedItem::Update","visibility":"public","title":"The impact every $100 makes","preview":"Thank you to everyone who has invested in PANGEA Movement. We have been given incredible feedback from our investors and decided that every investment is going to create an impact just like our products. For every $100 you invested, 10LBS of trash will be intercepted from entering the ocean and 10LBS of CO2 will be removed from the air. We are also pushing our public launch date to the 13th of April 2022 as it will give us more time to optimize our webpage and produce more PR for the launch.","published_at":"2022-04-01T15:17:37Z","author_name":"Marcos Bulacio","url":"/feed/154166","canonical_url":"https://wefunder.com/feed/154166"}],"q_and_a":[{"id":252092,"entity_id":"wefunder:comment:252092","question":"Hi! I am repeating the question that i made 3 months ago and never got answered... I wanted to know how are you planning your future sales... I mean so far, you have just made some kickstarters, are you planning to continue forever this way to sell your products? Because I don't see that as a solid business. How are your % of sales done through KS vs sales made through your own website or other ways? How many NEW customers you get with every new KS? number and % please.","author_name":"Mauricio Lang","votes":5,"created_at":"2023-06-29T16:10:57Z","canonical_url":"https://wefunder.com/pangea#question-252092","answers":[{"id":258530,"entity_id":"wefunder:comment:258530","answer":"Hi Mauricio, sorry I missed your questions, I didn't see your notifications earlier. I'm happy to reply here: The future sales are going to be through two main avenues, B2C and B2B. B2C will be through online and physical. Online at the moment is through Kickstarter and our Shopify store, and in the future we will also add marketplaces starting in 2024. Physical will be through our future retail stores and pop-up stores. We will do the first test of our pop-up store in Bali during September this year and if the results are successful we are planning to open our first retail store in Bali by the end of this year. The first store will be the pilot and if it works we plan to expand to five stores in 2024, and later on expand internationally to US, Europe, and Australia. After we consolidate the previous B2C channels, and we streamline our products and operations ready for massive scale, we plan to expand globally B2B in the second half of 2024 onwards through distributors that can sell our sunglasses and existing products in the network of other retail stores. In parallel we plan to also supply other brands to white label our sunglasses and other products. That way we can tap upstream on the eyewear and outdoor industry sales by enabling big brands to become regenerative and improving their sustainability scores. To date we have launched four 6-figure Kickstarter campaigns in a row and we are on track to scale the fifth one. This is a proven go-to-market strategy that enables us to acquire loyal customers at a very low CAC and a very high conversion rate. On average we acquire ~1.2K new customers per campaign at $16 per customer. We plan to keep launching 3 new campaigns per year and scaling these products through the sales channels I mentioned above. At the moment 90% of our sales come from Kickstarter and Indiegogo and we're currently working to scale our Shopify store to 6 figures. The retail stores look like a very promising and profitable channel that can generate about $10K per month of profit per store. I hope this answers all your questions and please let me know if you have any doubts.","author_name":"Marcos Bulacio","votes":0,"created_at":"2023-08-16T07:35:30Z"}]},{"id":284838,"entity_id":"wefunder:comment:284838","question":"Hello, it has been a while since your last update. Are you able to share any news of how the year has progressed so far? How have sales been? How have the funds raised in December been used to grow or fund the business? Also, any update on those who contributed at a perk level, when will we get notice for the sunglasses?","author_name":"Nate Green","votes":3,"created_at":"2024-06-07T01:43:47Z","canonical_url":"https://wefunder.com/pangea#question-284838","answers":[]},{"id":255014,"entity_id":"wefunder:comment:255014","question":"Seems only the positive questions get answered. 4 months, 2 questions and still no sign of an answer, with something so important as asking the revenue and client growth over time, and business model. Shady business risk. Bye and good luck.","author_name":"Mauricio Lang","votes":3,"created_at":"2023-07-20T16:16:24Z","canonical_url":"https://wefunder.com/pangea#question-255014","answers":[]},{"id":245912,"entity_id":"wefunder:comment:245912","question":"What was 2022 revenue?","author_name":"Christian Rosier","votes":3,"created_at":"2023-05-06T00:19:22Z","canonical_url":"https://wefunder.com/pangea#question-245912","answers":[{"id":258534,"entity_id":"wefunder:comment:258534","answer":"Our total sales to date are $1.1M USD. 2022 was only $100K because we were focused on R\u0026amp;D to set up our plastic innovation center in Bali and preparing our mangrove sunglasses campaign so we were not focusing on revenue. In the first half of 2023 we have already sold $220K and we are on track to sell $500K-$1M this year.","author_name":"Marcos Bulacio","votes":0,"created_at":"2023-08-16T07:40:43Z"}]},{"id":239986,"entity_id":"wefunder:comment:239986","question":"Why are you calling it a Chinese recycling industry in your email blast title, when you seem to be referring to China’s recycling industry. As a Taiwan American and someone that supported your Kickstarter, as well as a long time supporer , I find it ignorant and callous for you to use a term that encompasses the ethnicity of people that are all over, outside of China, including American citizens. And the way you phrase this, reeks of the intent to stoke negativity towards this large ethnic group., especially in light of all the Asian Hate that continues to happen here in America and elsewhere. This is a pretty low and disgusting move by you guys.","author_name":"Jean L","votes":3,"created_at":"2023-03-24T16:36:20Z","canonical_url":"https://wefunder.com/pangea#question-239986","answers":[{"id":258535,"entity_id":"wefunder:comment:258535","answer":"Hi Jean, we're very sorry for using that email subject line. It was definitely not our intention to offend you or anyone, and it was an oversight on our part. As world travelers ourselves, we absolutely want to make sure that we are being considerate, and empowering, towards all ethnic groups around our planet. We'll be sure to be more mindful about this in the future, thank you for pointing this out to us!","author_name":"Marcos Bulacio","votes":1,"created_at":"2023-08-16T07:58:40Z"}]},{"id":323005,"entity_id":"wefunder:comment:323005","question":"I never received the investor perks from 2022. What's the process look like? I thought I filled out a form with shipping information.","author_name":"Brian Drumm","votes":2,"created_at":"2026-01-14T16:03:37Z","canonical_url":"https://wefunder.com/pangea#question-323005","answers":[]},{"id":241705,"entity_id":"wefunder:comment:241705","question":"you say you are in the largest outdoor retailers in scandinavia but I don't see you in Outnorth, the largest one. Can you comment?","author_name":"Kyle Schutter","votes":2,"created_at":"2023-04-05T07:25:21Z","canonical_url":"https://wefunder.com/pangea#question-241705","answers":[{"id":258718,"entity_id":"wefunder:comment:258718","answer":"Hi Kyle, sorry we meant distributor*. We have corrected the graphic, thanks for bringing this to our attention!","author_name":"Marcos Bulacio","votes":0,"created_at":"2023-08-17T03:49:49Z"}]},{"id":241148,"entity_id":"wefunder:comment:241148","question":"Hi! I wanted to know how are you planning your future sales... I mean so far, you have just made some kickstarters, are you planning to continue forever this way to sell your products? Because I don't see that as a solid business. How are your % of sales done through KS vs sales made through your own website? How many new customers you get with every new KS? discounting the ones buying the new products, but are old customers.","author_name":"Mauricio Lang","votes":2,"created_at":"2023-03-30T21:23:30Z","canonical_url":"https://wefunder.com/pangea#question-241148","answers":[{"id":258531,"entity_id":"wefunder:comment:258531","answer":"Hi Mauricio, sorry I missed your questions, I didn't see your notifications earlier. I'm happy to reply here: The future sales are going to be through two main avenues, B2C and B2B. B2C will be through online and physical. Online at the moment is through Kickstarter and our Shopify store, and in the future we will also add marketplaces starting in 2024. Physical will be through our future retail stores and pop-up stores. We will do the first test of our pop-up store in Bali during September this year and if the results are successful we are planning to open our first retail store in Bali by the end of this year. The first store will be the pilot and if it works we plan to expand to five stores in 2024, and later on expand internationally to US, Europe, and Australia. After we consolidate the previous B2C channels, and we streamline our products and operations ready for massive scale, we plan to expand globally B2B in the second half of 2024 onwards through distributors that can sell our sunglasses and existing products in the network of other retail stores. In parallel we plan to also supply other brands to white label our sunglasses and other products. That way we can tap upstream on the eyewear and outdoor industry sales by enabling big brands to become regenerative and improving their sustainability scores. To date we have launched four 6-figure Kickstarter campaigns in a row and we are on track to scale the fifth one. This is a proven go-to-market strategy that enables us to acquire loyal customers at a very low CAC and a very high conversion rate. On average we acquire ~1.2K new customers per campaign at $16 per customer. We plan to keep launching 3 new campaigns per year and scaling these products through the sales channels I mentioned above. At the moment 90% of our sales come from Kickstarter and Indiegogo and we're currently working to scale our Shopify store to 6 figures. The retail stores look like a very promising and profitable channel that can generate about $10K per month of profit per store. I hope this answers all your questions and please let me know if you have any doubts.","author_name":"Marcos Bulacio","votes":0,"created_at":"2023-08-16T07:36:47Z"}]},{"id":214896,"entity_id":"wefunder:comment:214896","question":"Hi there, I really like the concept but struggle when I see things like the following: 1) \"Our parent company...\" am I investing the parent company or a subsidiary? 2) giving trips as a perk at $3K. At this point, you need the money for growth and not to spend on trips. You could have offered the Jacket instead. 3) Looking at the Kickstarter, it seems the jackets are still in production with a funding of around $116K. How much of this raise will be going to fund the jacket? 4) How did you come up with this valuation at around 7 times your lifetime sales (not last year's sales)? Thanks","author_name":"Bacem Georges","votes":2,"created_at":"2022-08-10T18:36:17Z","canonical_url":"https://wefunder.com/pangea#question-214896","answers":[{"id":215115,"entity_id":"wefunder:comment:215115","answer":"Thank you for the thoughtful critique! I will address each question individually. 1) Our first investment was from a fund called Reapra Ventures headquartered in Singapore. So for simplicity, we created a Singaporean Entity in 2020 at the time of the investment. Since then we have grown a lot, and we have created Indonesian and American subsidiaries. In 2022 we have so much interest from US investors we are deciding to make the American subsidiary the parent company. We are in the middle of the paperwork at the moment, but anyone buying equity on Wefunder is receiving a safe note that will be redeemed for equity in the United States parent company. 2) Thank you for the feedback. I'm not sure the free trip is simply a liability on the balance sheet. The opportunity to live, work, and connect with our customers and investors is worth more than the cash expense would suggest. We have already had a customer visit us on a free trip, and he has become a business partner and friend. Furthermore, we are offering our entire gear set at a 10k investment including the jacket, towels, water bottle, and more. 3) This raise will not fund the jacket. 4) Very good question! At this early stage, valuations are not really tied to revenue or EBITA multipliers as they are in later-stage companies. In this round, we pitched to about 50 Venture Capitalists and Angels. For the first few weeks, we did not have a valuation in our pitch deck. At the end of the pitch we asked the investors what price they would give to our company. 6.4 Million represents the average of the responses we received. A couple of these investors who helped us \"set\" the price invested in this round! Let me know if you have any further questions!","author_name":"Marcos Bulacio","votes":1,"created_at":"2022-08-12T05:31:33Z"}]},{"id":211218,"entity_id":"wefunder:comment:211218","question":"Hi, was wondering how the free trip to Bali works? If I was to invest 5K+, what's actually included in the trip, etc, is there some type of itinerary to look at? Maybe its already been posted?","author_name":"Niels B Hansen","votes":2,"created_at":"2022-07-11T16:24:27Z","canonical_url":"https://wefunder.com/pangea#question-211218","answers":[{"id":214976,"entity_id":"wefunder:comment:214976","answer":"Hi, Niels The Free trip includes: * Meals cooked by a private chef for a week * Free accommodation in a beautiful location. * Activities with the PANGEA team * Free coworking space in our private office. Unlimited ice-cold coconuts provided! * Day trip to visit a river barrier and see how we prevent ocean pollution If you visit in the next 4 months you would stay in the master bedroom in the photos below. (includes a private gym and private spa) https://www.deavillas-bali.com/about/villa-sarasvati.html Here's a short video I made of the villa this morning: https://www.youtube.com/watch?v=Z1HOdcg-Z74 Let me know if you have any additional questions!","author_name":"Marcos Bulacio","votes":0,"created_at":"2022-08-11T10:23:53Z"}]},{"id":201976,"entity_id":"wefunder:comment:201976","question":"Great business model and I fully support cleaning up the oceans! If I invest early but maybe I need to get out in 12 months or so, how do I sell?","author_name":"Roy Salsich","votes":2,"created_at":"2022-04-21T01:56:30Z","canonical_url":"https://wefunder.com/pangea#question-201976","answers":[{"id":202014,"entity_id":"wefunder:comment:202014","answer":"Thanks Roy! The SAFE will convert into shares during our next priced round, which will be our Series A. We are aiming at raising it in Q1 2024. Once you get your shares you would have to find someone that is willing to buy them at the valuation price and follow the steps in the shareholders' agreement. Usually, this type of startup investment provides returns when the company is acquired by another business or when it IPOs, and then all the shareholders get a fraction of the acquisition price, based on the percentage of shares they hold.","author_name":"Marcos Bulacio","votes":0,"created_at":"2022-04-21T11:03:07Z"}]},{"id":201434,"entity_id":"wefunder:comment:201434","question":"Incredible work. Trying to invest, but it’s not letting me. I’m trying to use the Bank Account option and I fill out all sections. When I try to complete the process, it tells me I haven’t filled out all the information required. I have. It doesn’t tell me what information it still needs. I’d previously tried to use my debit card, but it declined it (probably because it’s debit, not credit). I’m from the UK. Any ideas?","author_name":"Adam Bates","votes":2,"created_at":"2022-04-17T04:50:06Z","canonical_url":"https://wefunder.com/pangea#question-201434","answers":[{"id":201715,"entity_id":"wefunder:comment:201715","answer":"Hey Adam, glad you resonate with PANGEA and our mission! Can you email some screenshots to support@pangeamovement.com so we can try to help solve the problem please?","author_name":"Marcos Bulacio","votes":0,"created_at":"2022-04-19T08:21:58Z"}]},{"id":200583,"entity_id":"wefunder:comment:200583","question":"Any person from any country can invest? Or only form certain countries? How would the contract work? And where would the stocks be available once everything is done?","author_name":"Mauricio Lang","votes":2,"created_at":"2022-04-11T02:20:18Z","canonical_url":"https://wefunder.com/pangea#question-200583","answers":[{"id":201050,"entity_id":"wefunder:comment:201050","answer":"Yes! Here is a step-by-step guide for international investors: help.wefunder.com/15…onal-investor-guide . The only locations we cannot support are investors from Canada residing in the Provinces of Quebec, Ontario, or Alberta. You would be issued a SAFE note if you invest in this round and the shares would be issued at the next priced round that we aim to do in Q1 2024 for our Series A.","author_name":"Marcos Bulacio","votes":0,"created_at":"2022-04-14T08:25:08Z"}]},{"id":288127,"entity_id":"wefunder:comment:288127","question":"Hi Marcos, net losses for FY2023 were $316k which is significantly higher than the revenue for the same period. As an investor, please can you advise how you plan to turn this around into a profitable business?","author_name":"Luke Langford","votes":1,"created_at":"2024-07-18T05:58:45Z","canonical_url":"https://wefunder.com/pangea#question-288127","answers":[{"id":289144,"entity_id":"wefunder:comment:289144","answer":"Hi Luke, Despite the reported net losses of $316k for FY2023, it is important to note that we actually sold $322k during this period. This revenue is reflected in our financial statements but appears lower due to the accounting treatment of unearned revenue from presales. We had a significant portion of our sales recognized as unearned revenue due to delays in delivering about 70% of the pre-sold units. These units have all been delivered already during Q1 and Q2 of 2024. Looking forward, we have exciting plans for the future. After validating our proof of concept and the demand of our sunglasses that pre-sold $300k last year in the first 10 months, we got a confirmation for a $1M investment to power our new stage of growth. We are developing an exciting technology called EcoFusion that will blend ocean plastics with captured carbon from coconut shells. We will use this technology to create top quality materials for the eyewear industry on a B2B scale. That way we can extrapolate the impact model we validated D2C but on an industrial level by supplying big factories in China and other brands. By using our materials, we will enable them to also become regenerative and achieve their sustainability targets. This investment will enable us to expand our B2B market while we also expand our D2C line. Our goal is to achieve breakeven within the next 12-18 months. We have an agreement with one of the biggest eyewear factories in China and several big brands that are very interested in using our materials. Additionally, we are planning a Series A round in Q2 next year to fund the following phase of our growth, and expand EcoFusion for fabrics, and scale beyond eyewear, to make the fashion industry regenerative. We are already in discussions with several VCs who are interested in participating next year as well.","author_name":"Marcos Bulacio","votes":0,"created_at":"2024-07-30T08:49:08Z"}]},{"id":266569,"entity_id":"wefunder:comment:266569","question":"Hello, I don't see this expanded upon anywhere, so apologies if it is somewhere and I missed it. Could you provide the composition of the 209k General and Administrative exp? It is not in the footnotes. Also, curious if expected that this would continue to grow proportionately and how you might expect to reduce this in the future?","author_name":"Robert Morabito","votes":1,"created_at":"2023-10-23T13:16:23Z","canonical_url":"https://wefunder.com/pangea#question-266569","answers":[{"id":268385,"entity_id":"wefunder:comment:268385","answer":"Hey Robert, Thanks for the question! Those are all the operating expenses, our fixed costs: mainly salaries, rent, utilities, softwares, and also some R\u0026amp;D that we invested to create our Plastic Innovation Center. Our fixed costs will remain quite stable at an average of $20k per month during 2024. They will increase slightly with the hire of a new Head of Retail Development to open our retail stores and a Head of Marketing to scale our online sales. They will keep growing on 2025+ according to our sales and future rounds of investment. But we plan to break even on 2024, so sales and contribution margin will grow higher while keeping our operating expenses stable.","author_name":"Marcos Bulacio","votes":0,"created_at":"2023-11-08T08:59:33Z"}]},{"id":261002,"entity_id":"wefunder:comment:261002","question":"When will we get the investor perks, such as the free pair of sunglasses? Thanks in advance!","author_name":"Ricardo De Zoete","votes":1,"created_at":"2023-09-01T20:50:07Z","canonical_url":"https://wefunder.com/pangea#question-261002","answers":[{"id":268291,"entity_id":"wefunder:comment:268291","answer":"Hi Ricardo, sorry I missed your question! If you received an email from us in August with a form to fill in your shipping details then most of the sunglasses have already been shipped to investors. If you haven't received this form yet, we will be sending it to remaining investors once the campaign closes end of November. I encourage you to reach out to our customer support at info@pangeamovement.com if you need any further info. Thanks!","author_name":"Marcos Bulacio","votes":0,"created_at":"2023-11-07T07:58:40Z"}]},{"id":252122,"entity_id":"wefunder:comment:252122","question":"[EDIT: per Marcos below, apparently Pangea were unaware that the article is a paid advertorial from InvestorPlace on the NASDAQ website. I regret my harsh tone in what follows.] These guys just sent me an email claiming NASDAQ says they are one of the top 7 companies to buy on WeFunder. That is a load of crap -- the link goes to a paid advertistement on the NASDAQ website! This is one of the most dishonest shilling techniques I have ever seen! I would not give these people a dime.","author_name":"Tom Schotland","votes":1,"created_at":"2023-06-29T17:55:14Z","canonical_url":"https://wefunder.com/pangea#question-252122","answers":[{"id":252210,"entity_id":"wefunder:comment:252210","answer":"Hi Tom, we did not pay to get on this article. We didn't even know we were featured on it until 1 year later! Where did you see a paid advertisement on the link?","author_name":"Marcos Bulacio","votes":1,"created_at":"2023-06-30T04:50:27Z"}]},{"id":240102,"entity_id":"wefunder:comment:240102","question":"The investment terms on the side panel says the valuation cap is $6.4M (with $7.9M crossed out), but when I click on the link to invest, it says that the valuation cap is $7.9M. That's a significant difference, so which is it?","author_name":"Victor Luchangco","votes":1,"created_at":"2023-03-25T03:52:30Z","canonical_url":"https://wefunder.com/pangea#question-240102","answers":[{"id":240864,"entity_id":"wefunder:comment:240864","answer":"Nothing to worry about Victor, this is simply the way the platform is setup. Your investment is at the $6.4M valuation!","author_name":"Marcos Bulacio","votes":0,"created_at":"2023-03-29T06:53:34Z"}]},{"id":237954,"entity_id":"wefunder:comment:237954","question":"I wasn’t able to find the sunglasses on the website, but is there/will there be a way to buy the sunglasses if we happen to invest under $500 dollars?","author_name":"Garrett Barnes","votes":1,"created_at":"2023-03-08T18:33:06Z","canonical_url":"https://wefunder.com/pangea#question-237954","answers":[{"id":238793,"entity_id":"wefunder:comment:238793","answer":"It will be listed on our website soon! For the time being you can buy them here on Indiegogo: https://www.indiegogo.com/projects/pangea-mangrove-sunglasses-designed-for-life#/","author_name":"Marcos Bulacio","votes":1,"created_at":"2023-03-14T07:03:25Z"}]},{"id":237776,"entity_id":"wefunder:comment:237776","question":"I'm having trouble finding the actual returns investors can invest. I like the company, I see the investor perks...but what returns are you offering? Are we buying potential shares if you go public? Are we getting a financial return on an annual basis? Thanks.","author_name":"Ryan Davis","votes":1,"created_at":"2023-03-07T20:13:03Z","canonical_url":"https://wefunder.com/pangea#question-237776","answers":[{"id":238794,"entity_id":"wefunder:comment:238794","answer":"Hello Ryan, great question. A SAFE Note (simple agreement for future equity) is a convertible security that, allows the investor to buy shares in a future priced round. A valuation cap sets the highest price that can be used to set the conversion price. At the time of conversion, the investor can take advantage of either the discount or the valuation cap whichever is more favorable. Safe notes are one of the most common forms of securities sold for Seed Rounds. When a liquidity event occurs (either the company is sold or goes public) you would have the option to sell your shares for their equivalent value in USD. Our current company structure does not offer dividends or any other annual payments.","author_name":"Marcos Bulacio","votes":0,"created_at":"2023-03-14T07:12:08Z"}]},{"id":215952,"entity_id":"wefunder:comment:215952","question":"Hi Marcos, thanks for answering my question about the trip (there's no reply button). I didn't receive any notification that my question was answered so this raise round slipped through my fingers, I didn't even know you guys closed. Please let me know when you guys are doing another raise round and I'll cartwheel into that one. Thanks.","author_name":"Niels B Hansen","votes":1,"created_at":"2022-08-19T19:43:10Z","canonical_url":"https://wefunder.com/pangea#question-215952","answers":[]},{"id":215145,"entity_id":"wefunder:comment:215145","question":"Hi, so I'm curious about Pangea. Received several emails about your fundraising effort. This statement: \"~500x cheaper solution vs The Ocean Cleanup. Recession will increase need for cheapest solutions.\" Not sure if entirely relevant here? I see the connection of course, you are collecting the plastic at river points before it travels out into the ocean. Ocean Cleanup, however, is tackling the monumental task of collecting garbage from the plastic gyres far out in the ocean, when no one else was trying to, about 50% of which is discarded commercial fishing gear evidently. Your plastic supply: you collect that (?) and then ship it to China? Then it's shipped back in the form of products made from the recycled plastic. Pangea is doing the plastic collection or third party? Would it reduce your costs if you partnered with Ocean Cleanup and bought some of their collected plastic refuse? Might even reduce some of the embedded energy in the transportation of the plastic material to your factory partners. Thanks.","author_name":"Peter Meitzler","votes":1,"created_at":"2022-08-12T15:10:17Z","canonical_url":"https://wefunder.com/pangea#question-215145","answers":[{"id":215403,"entity_id":"wefunder:comment:215403","answer":"It’s an honor to meet you Peter, I love Pedicabs! Let me address your questions the best I can: 1) First of all, we are proud supporters of The Ocean Cleanup. We love anyone who is addressing ocean waste in a positive way. Our niche is in efficiency. Since our inception, we have been looking for the most cost-efficient solutions to ocean waste. 80% of the waste in the Ocean comes from 1000 rivers (according to a study conducted by The Ocean Cleanup). By addressing the 1000 dirtiest rivers with low-cost river barriers we are able to make the most impact per dollar possible. In fact, we haven’t found another company able to sell a product that generates more impact per dollar in the categories we service. I do agree with you that the comparison to The Ocean Cleanup is inappropriate as they are mostly collecting waste from the Great Pacific Garbage Patch. The comparison is intended to highlight how incredibly efficient our solution is, by comparing our efficiency to a well-known ocean project. 2) Our first item made from completely upcycled river waste was the zipper head on our eco-jacket. This was collected in Indonesia at our river barriers and manufactured in a small local workshop nearby. 3) We are very different from typical impact brands because all of our impact is in-house. We do not donate to other organizations to make impact on our behalf. Our newest product is sunglasses, made completely from our collected plastic. With this product we are managing the collection, processing, recycling, and manufacture all in-house with Pangea. Only the shipping will be managed by a third party! 4) We would love to partner with The Ocean Cleanup! I think the relationship would be mutually beneficial. However, I don’t believe our current model would benefit from sourcing their plastic. We already have much more plastic than we need, and we don’t have any 3rd party partners we need to ship the plastic to.","author_name":"Marcos Bulacio","votes":0,"created_at":"2022-08-15T17:45:42Z"}]},{"id":208891,"entity_id":"wefunder:comment:208891","question":"In the overview you have mentioned $750K revenue, but the 2021 qtrly statement says $0 revenue. Can you explain this please.","author_name":"Shweta Sharma","votes":1,"created_at":"2022-06-20T04:01:48Z","canonical_url":"https://wefunder.com/pangea#question-208891","answers":[{"id":209106,"entity_id":"wefunder:comment:209106","answer":"Please read the section titled \"Our Entities\" on our overview page. I can provide some key highlights here: 1. The quarterly financial statements tied to this campaign show the traction of our US Subsidiary for our jacket's Kickstarter campaign. 2. We are currently in the process of moving all our revenues, expenses, IPs, and operations from our Singaporean Entity to the US Subsidiary. 3. Then we will execute a share swap and turn the US Subsidiary into the holding company of the other 2 entities (Singapore subsidiary and Indonesian subsidiary).","author_name":"Marcos Bulacio","votes":1,"created_at":"2022-06-22T04:15:26Z"}]},{"id":202505,"entity_id":"wefunder:comment:202505","question":"Love what you guys are doing - being a surfer since 1981 and lover of the search for adventure my whole life - we are raising on wefunder soon - so thought we could connect by phone to see how founders can help one another - James Papagno - BombardaRum.com","author_name":"James Papagno","votes":1,"created_at":"2022-04-24T19:58:05Z","canonical_url":"https://wefunder.com/pangea#question-202505","answers":[{"id":203044,"entity_id":"wefunder:comment:203044","answer":"That's great James! Feel free to send me an email at marcos@pangeamovement.com I would love to connect","author_name":"Marcos Bulacio","votes":0,"created_at":"2022-04-27T14:31:44Z"}]},{"id":202065,"entity_id":"wefunder:comment:202065","question":"My background studies and current work is animals and nature. The products look great but I was wondering how wildlife is doing and working around the barriers you've placed in rivers? Do you have mortality quotas and statistics? I realize the end result is for the betterment of wildlife and river ecology but question the means of getting there. I'm also wondering if you have any future plans of for tackling the ocean gyre or any way to hinder cruise ships from ocean dumping or are just sticking to rivers? I'm truly interested in your thoughts on this. Bill","author_name":"William Pentler","votes":1,"created_at":"2022-04-21T18:37:34Z","canonical_url":"https://wefunder.com/pangea#question-202065","answers":[{"id":203045,"entity_id":"wefunder:comment:203045","answer":"Hi Bill! Thanks for your concern. The barriers are safe for the wildlife. They are 50cm tall and the rivers are 1m+ deep on average, so they float and fish can swim below them. We have never found any dead fish or animals in the barriers. We are focusing on stopping plastic pollution from entering the oceans for now and restoring mangroves to capture CO2 and regenerate our planet.","author_name":"Marcos Bulacio","votes":0,"created_at":"2022-04-27T14:34:44Z"}]}],"faq":[{"question":"What valuation do investors AFTER the first 50 000 dollars get?","answer":"Hi Daniel, thanks for your question! After the initial $50k, the valuation cap will be $6.4M instead of $4.8M."},{"question":"Any person from any country can invest? Or only form certain countries? How would the contract work? And where would the stocks be available once everything is done?","answer":"Yes! Here is a step-by-step guide for international investors: help.wefunder.com/15…onal-investor-guide . The only locations we cannot support are investors from Canada residing in the Provinces of Quebec, Ontario, or Alberta. You would be issued a SAFE note if you invest in this round and the shares would be issued at the next priced round that we aim to do in Q1 2024 for our Series A."},{"question":"Hello I tried investing 250.00 the other day 315.53 Canadian is showing on my credit card but on here keeps showing that it’s not going through properly, am I doing something wrong…? Unfortunately now after two days it says cannot support investors from my location “ Canada” v...","answer":"Hi Jeff! I'm very sorry but we cannot support investors from Canada residing in the Provinces of Quebec, Ontario, or Alberta."},{"question":"Incredible work. Trying to invest, but it’s not letting me. I’m trying to use the Bank Account option and I fill out all sections. When I try to complete the process, it tells me I haven’t filled out all the information required. I have. It doesn’t tell me what information it ...","answer":"Hey Adam, glad you resonate with PANGEA and our mission! Can you email some screenshots to support@pangeamovement.com so we can try to help solve the problem please?"},{"question":"Great business model and I fully support cleaning up the oceans! If I invest early but maybe I need to get out in 12 months or so, how do I sell?","answer":"Thanks Roy! The SAFE will convert into shares during our next priced round, which will be our Series A. We are aiming at raising it in Q1 2024. Once you get your shares you would have to find someone that is willing to buy them at the valuation price and follow the steps in the shareholders' agreement. Usually, this type of startup investment provides returns when the company is acquired by another business or when it IPOs, and then all the shareholders get a fraction of the acquisition price..."}]}}}