COLORS Worldwide

COLORS Worldwide

Growth Stage

Amplifying the R&B genre.

Amplifying the R&B genre.

Overview

Raised this Round: 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    Open SEC Filing

Price Per Share

$2.50

Pre-Money Valuation

$25,000,000

Year Founded

2015

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Location

Los Angeles, California

Business Type

Growth

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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COLORS Worldwide on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $2.50

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