Strengths

Strengths

Early Stage

AI-powered COACHING and SMARTAUDIO platforms

AI-powered COACHING and SMARTAUDIO platforms

Overview

Raised to Date: Raised: $267,164

Total Commitments ($USD)

Platform

StartEngine

Start Date

06/24/2020

Close Date

10/19/2020

Min. Goal
$10,000
Max. Goal
$267,890
Min. Investment

$499

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.75

Pre-Money Valuation

$16,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/31/2020

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

$2,303

# of Investors

227

Momentum
Funded
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Year Founded

2017

Industry

Education, Training, & Coaching

Tech Sector

MarketplaceTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Provo, Utah

Business Type

Growth

Strengths, with a pre-money valuation of $16 million, is raising funds on StartEngine. The AI-powered Coaching and SmartAudio platforms of Soar, presented by Strengths, connect people with the right individuals and information to develop through life. The Strengths platforms assist people in improving their wellbeing, discovering innate talents, finding their purpose in life, strengthening the relationships, and increasing their motivation. Strengths was founded by Paul Allen and Clint Carlos in 2017. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,999.75 and a maximum raise of $267,889.50, will be used to develop new tools and platforms. Strengths reported sales bookings of $930,000 in 2019 from its pilot customers and expects to generate $3.5 million in sales in 2020.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$490,404

$107,966

COGS

$267,295

$42,992

Tax

$0

$0

 

 

Net Income

$-2,184,164

$-1,513,255

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$49,739

$61,377

Accounts Receivable

$9,650

$0

Total Assets

$224,106

$153,491

Short-Term Debt

$988,968

$494,143

Long-Term Debt

$0

$0

Total Liabilities

$988,968

$494,143

Financials as of: 06/24/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Strengths 10/18/2020 StartEngine $16,000,000 $267,164 Equity - Common Funded RegCF
Soar.com 04/23/2020 Wefunder $15,600,000 $331,708 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Strengths on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $16,000,000
Price per Share: $0.75

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