Launch

Underweight
BETA

Producing live musical events — online and in real life

Analytics

Raised to Date: $15,515

Aggregate Commitments $
Platform

Wefunder

Start Date

06/08/2020

Close Date

10/09/2020

Min. Goal

$50,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

35%

Weekly Commitments $
Status

Active

Reporting Date

09/16/2020

Days Remaining

20

% of Min. Goal

31%

% of Max. Goal

15%

Likelihood of Max
Avg. Daily Raise

$155

# of Investors

42

Momentum
Location

New York, NY

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Launch, with a $10 million valuation cap, is raising funds on Wefunder. The company helps independent artists in making their music career by producing their live musical events, both in real life and online. The artists leverage their individual strengths to work together under a centralised community. Launch was founded by Brian Stollery and Wesley Powell in April 2020 and has raised $10,000 since its founding. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $107,000, and the proceeds will be used for streaming infrastructure, initial staffing and production, marketing, and hiring marketing and production managers. Launch will function as an artist co-op, a virtual concert venue, and a live-music subscription service.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$100

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$100

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$100

$0

Accounts Receivable

$0

$0

Total Assets

$100

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 09/16/2020

Research

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