COLORS Worldwide
Growth Stage
Amplifying the R&B genre.
Overview
Raised: $265,017
Total Commitments ($USD)
Platform
StartEngine
Start Date
02/28/2021
Close Date
10/21/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$250
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.50
Pre-Money Valuation
$25,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,133
# of Investors
550
Momentum
Funded
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Year Founded
2015
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
COLORS Worldwide, with a $25 million pre-money valuation, is raising funds on StartEngine. The company is focused on R&B music and produces live and digital events, albums, merchandise, and media related to R&B. It is also creating an online platform for growing the R&B music community. Jabari Johnson founded COLORS Worldwide in 2015. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used to expand the R&B landscape. COLORS Worldwide has produced more than 150 shows, including its own music festival. It has generated over $6.8 million in revenues in the last five years and is positioned well to grow further.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,120,713 |
$2,234,745 |
|
COGS |
$0 |
$0 |
|
Tax |
$402 |
$9,328 |
| ||
| ||
|
Net Income |
$-52,624 |
$-736,400 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,525 |
$8,441 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$76,958 |
$93,998 |
|
Short-Term Debt |
$596,121 |
$650,121 |
|
Long-Term Debt |
$702,680 |
$575,080 |
|
Total Liabilities |
$1,298,801 |
$1,225,201 |
Financials as of: 02/28/2021
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