Stareable

Stareable

Early Stage

The platform enabling the future of TV

The platform enabling the future of TV

Overview

Raised to Date: Raised: $91,491

Total Commitments ($USD)

Platform

Republic

Start Date

12/29/2019

Close Date

04/30/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$750

# of Investors

374

Momentum
Funded
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Year Founded

2015

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

New York, New York

Business Type

High Growth

Stareable, with a valuation cap of $7 million, is raising funds on Republic. The platform allows users to create video content and attract audiences. Creators get to analyze, tier, and target their content, onboard cast and crew, engage audiences, and monetize their projects. Stareable fans get to access freemium experiences, along with pairing their free-to-view shows with premium options. Stareable was founded by Ajay Kishore in September 2015 and has raised $700,000 since its founding. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to add new developers and marketing lead to the team, and to hit profitability within the next 18 months. Stareable has generated $120,000 in revenue to date and is expected to reach $750,000 in revenues in 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$48,383

$602

COGS

$41,762

$18

Tax

$0

$0

 

 

Net Income

$-295,771

$-115,341

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$45,661

$3,382

Accounts Receivable

$0

$0

Total Assets

$45,661

$3,382

Short-Term Debt

$22,316

$126,334

Long-Term Debt

$0

$10,000

Total Liabilities

$22,316

$136,334

Financials as of: 12/29/2019
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Stareable on Republic
Platform: Republic
Security Type: SAFE
Valuation: $7,000,000

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