Valhalla Esports Lounge
Early Stage
World's first fan-owned Esports Bar!
Overview
Raised: $0
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/18/2020
Close Date
09/18/2020
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
30%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/26/2020
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
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Valhalla Esports Lounge, with a valuation cap of $8 million, is raising crowdfunding on Wefunder. It is the world’s first fan-owned esports bar, founded by experts in esports and hospitality. It creates a refined esports bar experience with high-quality food, drinks, gaming consoles, 12 pc gaming arena, and over 20 televisions. Valhalla Esports Lounge was founded by Hans Goss and has raised more than $1.2 million since its inception. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $250,000, and the funds will be used for rent, payroll, and maintenance. Valhalla Esports Lounge does esports tournaments in the day and transitions to high volume drink service at night.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$191,986 |
$0 |
|
COGS |
$82,507 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-534,219 |
$-39,937 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$17,920 |
$73,170 |
|
Accounts Receivable |
$3,584 |
$0 |
|
Total Assets |
$554,679 |
$73,170 |
|
Short-Term Debt |
$170,629 |
$0 |
|
Long-Term Debt |
$945,099 |
$100,000 |
|
Total Liabilities |
$1,115,728 |
$100,000 |
Financials as of: 06/18/2020
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