Fanbase

Neutral
BETA

Subscription Social Media

Analytics

Raised to Date: $1,050,874

Aggregate Commitments $
Platform

StartEngine

Start Date

11/02/2020

Close Date

04/28/2021

Min. Goal

$10,000

Max. Goal

$1,069,996

Min. Investment

$256

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$20,000,000

Weekly Commitments $
Status

Active

Reporting Date

11/25/2020

Days Remaining

150

% of Min. Goal

10,509%

% of Max. Goal

98%

Likelihood of Max
Avg. Daily Raise

$45,690

# of Investors

3,946

Momentum
Location

Atlanta, GA

Industry

Consumer Products, Goods & Services

Tech Sector

MediaTech

Distribution Model

B2B2C

Margin

High

Capital Intensity

Low

Business Type

High Growth

Fanbase, with a pre-money valuation of $20 million, is raising funds on StartEngine. It is a subscription-based social media network that allows users to monetize their content and earn. The users can either grow organically for free or pay for a subscription to exclusive content. Isaac Hayes III founded Fanbase in October 2019. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1,069,996, will be used to put out more content, engage with the community, and generate more revenue. Fanbase is building a new ecosystem and combining the social network and monetization platforms. It already has over 12,700 organic users and a 227% user growth in the first year of its launch.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$12,616

$0

COGS

$7,300

$0

Tax

$0

$0

 

 

Net Income

$-37,657

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$8,238

$35,895

Accounts Receivable

$0

$0

Total Assets

$8,238

$35,895

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 11/29/2020

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