The Godoys founded Black Sands Entertainment in 2016 to highlight the people and narratives frequently left out of mainstream media. Emerging adults are consuming the comic publisher and media company’s dozens of titles that reflect the global diaspora, similar to what the Godoys would have done had they had the chance when they were their age.
Black Sands Entertainment is devoted to black history and the black community. However, another factor has also played a part in its remarkable success. Entrepreneurs met with the Godoys in advance of Veterans Day to find out how they took Black sands from fundraising to almost going public with financing from Shark Tank Kevin Hart and Mark Cuban and how their experiences in the Army influenced their entrepreneurial venture. When it involves raising funds, momentum is the most important component.
Hardships Experienced by Godoys While Fund Raising
The Godoys focused on raising money from the beginning by promoting their material on social media. Black Sands ran four Kickstarter campaigns from 2017-2020, raising $80,000. Then, in 2020, they decided to start a new WeFunder campaign. When it comes to their strategy for the 2020 election, Manuel adds that they essentially judged the intent of their most incredible followers. If you were to contribute this amount of money, they would spend a minimum of 15 minutes answering the concerns about their business, finances, etc.
They raised $40,000 in the first 24 hours after the Godoys posed the question, and their readers responded. In the end, that effort earned $50,000. Nobody wants to make the initial investment, Manuel continues. However, if you already had 300-400 investors on day one, everyone would show interest in joining. Regarding securing funds from clients, momentum is the most essential component. Since those early days, the Godoys have maintained Black Sand’s pace, rising to the highest 1% of the Patreon community, raising $2 million in funding, and bringing in more than $2 million as revenue. That’s all about Black Sands Entertainment net worth.
Godoys Appeared in Shark Tank
The Godoys presented their business on Shark Tank earlier this year. They initially requested the Shark Tank investors $500,000 for a 5% investment in Black Sands Entertainment, with the money going toward further titles and animation development. With the same financing, Hart and Cuban responded with a 30% interest, highlighting the media resources that Hart’s creative firm, HartBeat, could offer as Black Sands Grows.
The success of Shark Tank Black Sands Entertainment deal is a credit to the company’s sound business strategies and the Godoys’ astute business judgment. Until the 7th season, 74% of individuals who received offers were contacted by Forbes, discovering that 43% of those deals fell through because the Sharks backed out or altered the terms.
The Godoy’s military service helped build the groundwork for Black Sand’s achievement. Geiszel said that being in the Army showed them how to become an entrepreneur and learn how to lead a team and manage a business since it provides the necessary discipline and order. Manual concurs, pointing out that the Army gives everyone, including those lower down the hierarchy of command, a substantial amount of leadership experience as you must learn how to complete tasks on time. According to what the Army teaches, inventory management is a skill every founder should master.
Above all, Black Sands is a business that won’t compromise its values. All Black Sands’ comic books were originally written and illustrated by the company’s co-founders. Still, they started collaborating with other Black creators when they established their brands. As part of a more significant initiative to support Black creators and their work, Black Sands has also tapped into the power of Kickstarter. The Godoys just started a campaign for the Flame comic book series by Everett Montgomery.
