This company is no longer in business. Investors can get details about any potential exits or failures here.

A Boring Life

[Closed for Investment] A Boring Life, with a valuation cap of $3.5 million, is raising crowdfunding on Republic. The company manufactures and sells high-quality CBD snacks to promote wellness and alleviate anxiety. The products of A Boring Life are carefully curated and made from natural ingredients. A Boring Life’s family of products includes nuts and honey, and will soon add pet products. The company was founded by Jen Johnson and Serafina Palandech in August 2018 and raised $107,000 in its previous round of crowdfunding. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $438,000, and the proceeds will be used towards operations, sales and marketing, research and development, and general and administrative expenses. A Boring Life has retail partners all across the country and expects to scale, with a projected profit of $4 million by 2021.

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Investment Overview

Raised this Round: Raised: $111,173

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
01/27/2020
Close Date
07/30/2020
Min. Goal
$25,000
Max. Goal
$428,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,500,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
Boring, Oregon
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Founder Name
Serafina Palandech
Title
CEO
Founder Name
Jennifer Johnson
Title
Executive Chef

Financials

 Revenue
$26,014
 Monthly Burn
$24,926
 Runway
2.8 months
Gross Margin
29%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$26,014

$0

COGS

$18,429

$0

Tax

$0

$0

 

 

Net Income

$-299,107

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$68,764

$0

Accounts Receivable

$3,443

$0

Total Assets

$87,642

$0

Short-Term Debt

$48,320

$0

Long-Term Debt

$255,926

$0

Total Liabilities

$304,246

$0

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/30/2020 Republic $3,500,000 $111,173 SAFE Funded RegCF
10/14/2019 Microventures $3,500,000 $107,000 Convertible Note Funded RegCF
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Growth Charts

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.

Valuation History

Price per Share History

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

Employee History

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A Boring Life on Republic
Platform: Republic
Security Type: SAFE
Valuation: $3,500,000

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