ComicBlitz

ComicBlitz

Early Stage

Netflix for Comics | All-you-can-read platform for thousands of comics

Netflix for Comics | All-you-can-read platform for thousands of comics

Overview

Raised this Round: Raised: $87,810

Platform

Wefunder

Start Date

02/07/2017

Close Date

05/01/2017

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

0%

Year Founded

2014

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Location

Los Angeles, California

ComicBlitz, with a valuation of $5 million, is raising funds on Wefunder. The company has developed an all-you-can-read platform for thousands of comics. ComicBlitz works as Netflix for comics and has signed 29 licensing deals with content providers. The platform has 5,500 registered users and reported a 200% growth in current subscribers for 2016 and a 177% increase in monthly page reads. Jordan Plosky founded ComicBlitz in March 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for licensing premier content, customer acquisition, technology development, salaries, and marketing.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$985

$0

COGS

$10,848

$0

Tax

$800

$0

 

 

Net Income

$-123,822

$-7,630

Summary Balance Sheet

FY 2016 FY 2015

Cash

$12,056

$5,912

Accounts Receivable

$0

$0

Total Assets

$12,842

$5,912

Short-Term Debt

$966

$0

Long-Term Debt

$144,294

$13,542

Total Liabilities

$145,260

$13,542

Financials as of: 02/07/2017
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ComicBlitz on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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