AI TV @ MyStreme

AI TV @ MyStreme

Closed: Oct. 2023

About this raise

AI TV @ MyStreme, with a valuation of $49 million, is raising funds on Wefunder. The company has developed an AI-powered TV service that streams everything you love in one app. The service aims to be like Spotify for video, wherein the TV Bot will function as a cross-channel search engine for finding movies, shows, and hobbies you want. Robert Ghim, Charles Hasek, and John J. Lee, Jr. founded AI TV @ MyStreme in July 2022. The current crowdfunding campaign has a minimum target of $75,004 and a maximum target of $4.05 million. The campaign proceeds will be used for media buys and marketing, software development team, tech equipment and cloud services, business operations, and contingency.

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Investment Overview

Invested this round: $368,632

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
03/14/2023
Close Date
10/30/2023
Min. Goal
$75,004
Max Goal
$4,049,997
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$4.90

Pre-Money Valuation

$49,000,000

Company & Team

Company

Year Founded
2022
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Santa Barbara, California
Business Type
High Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
No
Founder Name
Robert Ghim
Title
International CEO
Founder Name
Chuck Hasek
Title
North American CEO
Founder Name
John J. Lee Jr.
Title
Executive Chair
Founder Name
Jason Brents
Title
Chief Relationship Manager
Founder Name
Stephen Wollwerth
Title
Executive Vice President

Financials

as of Fiscal Year 2022
 Revenue
$0
 Monthly Burn
$18,556
 Runway
1.8 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-222,671

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$32,553

$0

Accounts Receivable

$0

$0

Total Assets

$32,553

$0

Short-Term Debt

$144,073

$0

Long-Term Debt

$111,150

$0

Total Liabilities

$255,223

$0

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$111,235
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
10/30/2023 Wefunder $49,000,000 $368,632 Equity - Common Funded RegCF
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Add to portfolio
AI TV @ MyStreme on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $49,000,000
Price per Share: $4.90

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Warning: according to the close date for this deal, AI TV @ MyStreme may no longer be accepting investments.

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