Riding Phat
Early Stage
TV show that follows the Phat Scooters story: business, celebrities and brands
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/05/2020
Close Date
12/09/2020
Min. Goal
$150,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$0.38
Pre-Money Valuation
$2,500,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
12/08/2020
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2020
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B2C
Margin
Medium
Capital Intensity
Riding Phat, with a pre-money valuation of $2.5 million, is raising crowdfunding on Wefunder. It is the TV show that follows the ups and downs of the entrepreneurial journey of Phat Scooters. The show gives an inside look at the company that makes customized electric scooters for the Hollywood elite and top athletes. Riding Phat is led by Peter Johnson and Derrick J Mains. The current crowdfunding round has a minimum raise of $150,000 and a maximum raise of $1,070,000, and the funds will be used for the production and post-production expenses of season one and a few episodes of season two. Riding Phat has a five-year deal with Crackle TV/Sony and has three sources to make money.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/05/2020
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