Connection Publishing

Neutral
BETA

A community magazine company

Analytics

Raised to Date: $0

Aggregate Commitments $
Platform

Mr. Crowd

Start Date

06/22/2020

Close Date

12/31/2020

Min. Goal

$10,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

Equity - Common

Funding Type

RegCF

Series

Seed

Pre-Money Valuation

$2,400,000

Weekly Commitments $
Status

Active

Reporting Date

11/25/2020

Days Remaining

35

% of Min. Goal

0%

% of Max. Goal

0%

Likelihood of Max
Avg. Daily Raise

$0

Momentum
Location

North Odgen, UT

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Life Style

Connection Publishing, with a pre-money valuation of $2.4 million, is raising funds on Mr. Crowd. It is a magazine company that works with cities to replace their traditional newsletters with full-featured news magazines. The magazines carry the official news of the city, in addition to engaging stories from the local community. Connection Publishing was founded by Melissa Spelts and Ryan Spelts in 2016. The current round of crowdfunding of the company has a minimum goal of $10,000 and a maximum goal of $107,000. The proceeds will be used to expand to new cities and communities. Connection Publishing has been profitable in the past two fiscal years, with revenue growth of 57% in 2018. The company is creating connections in the communities, in addition to providing the news and important information.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$305,370

$194,238

COGS

$36,318

$9,071

Tax

$726

$0

 

 

Net Income

$25,453

$34,704

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$770

$11,083

Accounts Receivable

$21,294

$13,298

Total Assets

$22,064

$24,381

Short-Term Debt

$34,922

$29,440

Long-Term Debt

$0

$0

Total Liabilities

$34,922

$29,440

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
12/31/2020 Mr. Crowd $2,400,000 $0 Equity - Common Active RegCF
05/01/2020 Mr. Crowd $2,400,000 $0 Equity - Common Disappeared RegCF

Ratings

last updated 11/26/2020

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