StadiumDrop
Early Stage
A game changing in-seat delivery service that allows you to stay in the moment
Overview
Raised: $262,965
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/25/2020
Close Date
07/23/2021
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,400,000
Valuation Cap
$3,800,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$974
# of Investors
184
Momentum
Funded
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Year Founded
2020
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
StadiumDrop, a peer-to-peer food delivery service, is raising crowdfunding on Wefunder. The business offers an in-seat food delivery service where fans can order and receive food right at their seats in the stadium. The service prevents distractions and missing the moment for fans. Kristen McAbee, Adam McAbee, and Gary Pearson founded StadiumDrop in January 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $500,000, will be used for operational expenses, acquisitions of new venues and contracts, and app development beyond the MVP. StadiumDrop has already launched and proven its delivery concept at three universities during the COVID-19 pandemic and has opportunities for rapid expansion in the next twelve months.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$9,133 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-28,132 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$274 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$274 |
$0 |
|
Short-Term Debt |
$25,459 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$25,459 |
$0 |
Financials as of: 10/25/2020
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