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Golden Coast Mead

Operating

Golden Coast Mead, Inc.

Food & Beverage · Oceanside, CA · Founded 2021

Sunshine in a can

Post-money valuation ⓘ
$7.1M
As of Jan 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$142,002
Crowd $112K · Private $30K · 3 rounds since 2020
Latest share price
$2.75
Reg CF · Common Stock · Jun 2021 offering price

Financials

FY2019–FY2020 · from SEC filings · hover any figure for its source
$278K
−$164K
2019
$222K
−$51K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
Income statement
Revenue
$278,453
$222,163
Cost of goods sold
$53,867
$36,756
Gross margin
81%
83%
Net income
-$163,761
-$51,254
Taxes paid
$0
$0
Balance sheet
Cash
$638
$7,245
Accounts receivable
$12,483
$418
Total assets
$90,973
$76,708
Short-term debt
$132,165
$95,152
Long-term debt
$226,382
$332,160
Total liabilities
$358,547
$427,312
Other
Headcount
—
8

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$7.0M
pre-money
Reg CF · Common · Jun 2021

Blue bars are the pre-money valuation the company stated for a priced round.

Share price over rounds

$2.75$1.375$0.442
Apr 2020Jun 2021
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Fundraising history

Raised $112K / $1.1MInvestors 152Post-money $7.1M

Team

12 people
Andrew MaffeyFounder
Chief Executive Officer

Andrew Maffey has spent 10+ years in organizational leadership and is a seasoned hand with high growth Consumer Packaged Goods (CPG) Corporate excellence. His most recent experience was with Boochcraft Hard Kombucha, having facilitated 2x growth year-over-year in revenue and a $4.2m raise for nationwide distribution as the Operations and Business Development Senior Principal. His deep passion for Lighting Up People's Lives and Regenerating the Earth was foundational in his transfer to Golden Coast Mead in March of 2020, after already having been a Monthly Mead Club Member at Golden Coast Mead for 5 years.

Frank GolbeckFounder
Co-Founder, President, Paradeleader

Frank has a passion for creating more joy, abundance and peace in the world through mutually beneficial partnerships. A creative, productive entrepreneur with a track record of recognized leadership and success, at this stage in his life he is focused on growing Golden Coast Mead into a regenerative force for good in the world.

Praveen Ramineni
Co-Founder, Director

Praveen thrives as an entrepreneur, leading by example as a steward of delivering world class craft experiences. As an active CEO, Praveen applies his strong business acumen to continue the growth and business development for Golden Coast Mead to its highest and best potential.

Axel Eaton
Director of Sales and Cross-Pollination

Axel has strong business development across the nation, flexing a sincere professional connection with business-to-business sales with a Bachelor of Science Environmental Studies from University of California, Santa Barbara. Experienced team player with a demonstrated history of working in promotion with ecological design. Skilled in Public Speaking, Sales, Scientific Writing, Life Cycle Assessment, Environmental Stewardship, and leadership with a team.

Gary Lau
Director of Events & Beekeeping

Gary values include integrity, variety, efficiency, teamwork, and happiness. Gary is accountable to others in every action & expression of Golden Coast Mead's Events/Farmers Markets. Gary has proven his excellence in the Regenerative Beverage industry with over 3 years of experience directly with Golden Coast Mead. As a beekeeper, Gary cares for bees, domestic and wild, daily with world class care and candor; educating all who he comes in contact with.

Abigail Jay Patrick
Tasting Room and Events Sales

Abigail has proven her excellence in the beverage sales industry with a well-tailored skillset and years of experience in Farmers Markets and Mobile Events Sales. She has been intstrumental in increasing Golden Coast Mead's retail footprint in Ocean Beach confidence and jovial abundance.

Alexander Sharp
Tasting Room Manager

Xander has proven his excellence in the Regenerative Mead Ecosystem with a well-tailored skillset and over 2 years of experience in the Golden Coast Mead Oceanside Tasting Room. Additionally, he has increased the retail presence across the digital and table top gaming worlds with confidence and excitement.

Ben Sweeney
Cellar Mead Maker/Chef

Ben has 6 years of experience in Sales and Culinary innovation development as a Restaurant Chef. New to making Mead, he has already made an impact starting with cellar and brewing work. The next seasons of releases have a brighter future with him joining the Golden Coast Mead Production team.

Christopher Herr
Production Advisor

Christopher is an integral part of Golden Coast Mead team, having developed a high level care in our Mead making. He is responsible for managing the developing, tuning, and implementing recipes. Successes have included developing a repeatable protocol for producing the company’s sour meads and driving cycle time improvements as much as 30%. Chris received a gold and silver for his Spiced Sour Mead and Orange Blossom Traditional Mead from the San Diego International Beer Festival.

Show 3 more people
James Phillips
Strategic Advisor

A devoted conservationist, James has been a tremendous resource as an advisor to Golden Coast Mead. Over 40 years experience, including 20 years in New York City in the advertising and marketing industry. The most recent 20 years remaining active in stewarding long-term sustainable investments.

Jolie Hubbard
Marketing Manager

Jolie is a veteran in the San Diego County beverage industry. She worked in many different environments to foster healthy growth in her communities. Her experience at Golden Coast Mead has used this eperience to create and execute strategies that have cultivated a meaningful and successful brand.

Felipe Witchger
Director

Felipe believes in the power of co-ops. He weaves his work at CPA Co-op with faith and impact investing leaders to build more connective tissue between different parts of our broader movement ecology. Felipe organizes special workshops to unleash more productive capacity from our top leaders and catalyze new culture-changing possibilities.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 5 annual reports (FY2021–FY2025)

Missing: 2021, 2022, 2023, 2024, 2025

152 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UOct 4, 20220001665160-22-002596
    EDGAR
  • Form C-UJan 11, 20220001665160-22-000077
    EDGAR
  • Form C/AJan 3, 20220001665160-22-000016
    EDGAR
  • Form C/ADec 6, 20210001665160-21-002146
    EDGAR
  • Form C/ANov 3, 20210001665160-21-001953
    EDGAR
  • Form C/ASep 10, 20210001665160-21-001617
    EDGAR
  • Form C/AAug 3, 20210001665160-21-001394
    EDGAR
  • Form CJun 11, 20210001665160-21-001031
    EDGAR
Source: ManualCIK 0001850042DEShare price $2.75

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.