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

Commissary Club

Commissary Club

Early Stage

The exclusive social network for people with a criminal history

The exclusive social network for people with a criminal history


Raised to Date: Raised: $89,640

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type




SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap




Rolling Commitments ($USD)

Reporting Date


Days Remaining
% of Min. Goal
% of Max. Goal
Likelihood of Max
Avg. Daily Raise


# of Investors


Create a free account today to gain access to KingsCrowd analytics.
Year Founded



Business Services, Software, & Applications

Tech Sector


Distribution Model




Capital Intensity



Los Angeles, California

Business Type


Commissary Club, with a $10 million valuation cap, is raising crowdfunding on Republic. The company has developed a social network for people with criminal histories to help them find employment. The platform also functions as a place for people with a criminal history to meet, share advice, and serve as role models for one another. Richard Bronson founded Commissary Club in August 2016 and has raised more than $1.7 million in previous rounds of funding. The current crowdfunding round of the company has a minimum goal of $25,000 and a maximum goal of $371,055. The raise proceeds will target marketing, key personnel hiring, and building out the platform. Commissary Club is the rebranding of the company’s successful platform, 70 Million Jobs. The company already has over 11 million people in the community and generated $40 million in revenue by the third year.

Summary Profit and Loss Statement

Most Recent Year Prior Year












Net Income



Summary Balance Sheet

Most Recent Year Prior Year




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 03/08/2021
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Commissary Club 08/06/2021 Republic $10,000,000 $89,640 SAFE Funded RegCF
70 Million Jobs 04/30/2020 Republic $10,000,000 $163,945 SAFE Funded RegCF
70 Million Jobs 10/31/2018 Wefunder $8,000,000 $93,303 SAFE Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)


$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Analyst Report Analyst Report Methodology Article


It’s an open secret that America has a serious prison problem. The US locks up more people than any other country in the world, accounting for an astonishing 22% of prisoners globally (America has 4.4% of the world’s population). Around one out of every three adult Americans has some kind of criminal record — including arrests, not necessarily convictions. Federal prison reform has been gaining traction in recent years, though the majority of prisoners are held in state and local prisons. The US prison system has been called a “modern system of slavery” with innocents and low-level offenders kept in brutal and abusive conditions and forced to work without pay.

For many people, the nightmare doesn’t end after release. A criminal record comes with severe societal stigma, and former prisoners are often condemned to a life of poverty. One year after release, around 60% of former prisoners remain unemployed. Many ex-prisoners say they simply don’t know where to go to get hired. Where can they find a socially-conscious, open-minded company willing to take in a worker with a blot on their record? This unemployment can often lead to recidivism, as those with no option for gainful employment often wind up breaking the law — a self-perpetuating cycle. 

Commissary Club is tackling this ex-prisoner crisis with the power of social media. Commissary Club is a rebranding of 70 Million Jobs, so named for the estimated 70 million Americans with a criminal background. If 70 Million Jobs was basically “LinkedIn for the formerly incarcerated,” then Commissary Club is more akin to Facebook, offering a chance for these formerly imprisoned individuals to connect with others like them. Through these connections, Commissary Club hopes its members can offer advice and support to reduce recidivism and other penalties of a criminal record. As the COVID-19 pandemic’s effects on the job-market recede, Commissary Club hopes it can also reincorporate its job-networking business as well. It’s an alluring narrative: a company that offers redemption to people who have been marginalized by society.

Commissary Club’s current Republic raise has been rated a Neutral Deal by the KingsCrowd investment team.

Next Section: Price


Commissary Club is raising a Crowd SAFE at a valuation cap of $10 million with no discount. Considering the company’s significant pre-COVID revenues and the success of parent network 70 Million Jobs, this valuation is fairly reasonable. The price score for Commissary Club is above average.

Next Section: Market


It is difficult to gauge just how large Commissary Club’s market size is, as there really isn’t a “social media for the formerly incarcerated” market. If we consider that a third of US adults do have a criminal record and the US social media market as a whole comes in at $61.4 billion, that’s roughly a $20 billion market size. As efforts to cut down on the US’s bloated prison population gain political traction, that market is likely to expand. There are some other social media networks with similar target markets.For example, the platform FlikShop is specifically geared to connect people inside prison with friends and loved ones on the outside. As of yet, though, 70 Million Jobs was the closest thing to a dominant player in the social media market specifically geared towards formerly incarcerated individuals. Given its first mover advantage and the high number of people with criminal records, the market score for Commissary Club is quite high.

Next Section: Team


Commissary Club, like its original platform, is headed up by founder and CEO Richard Bronson. Bronson got his start on Wall Street and spent time at the infamous Stratton Oakmont from Wolf of Wall Street. He was arrested in 2002 for illicit activities at his own securities-brokerage firm. He spent two years in Federal prison and, upon emerging, found it nigh-impossible to re-enter the job market. Drawing from his experiences and knowing that his position of privilege must have made it easier for him, he began working to better the lives of the formerly incarcerated. In 2014, Bronson began working to break the pattern of prison recidivism in earnest with Defy Ventures, which trains people in prison to become entrepreneurs. Bronson’s story is an apt narrative to capture Commissary Club’s mission. 

Adrienne Hatter serves as Commissary Club’s director of programs, as she did with parent company 70 Million Jobs. Hatter, who holds a bachelor’s degree in rhetoric from UC Berkeley, started out as a legal assistant in Ireland involved in corporate law cases. It looks like 70 Million Resources is a passion project for her. Since 2018, she has also been involved with Winner’s Circle, a 501(c)(3) dedicated to teaching coding and technical skills to women imprisoned in California.

By and large, it looks like Commissary Club has the same leadership as 70 Million Jobs, and given the success of that platform prior to the pandemic, Commissary Club looks to be in decent hands. The company’s team score is high as a result.

Next Section: Differentiators


Commissary Club is now less a job-search website than a general social media platform, which means it goes up against the likes of cultural behemoths Facebook, Twitter, Reddit, and so on. To that end, the platform doesn’t offer anything unique on a technological level. It holds no patents and is hardly defensible in any real way.

However, it is the first social media network that’s tailored for formerly incarcerated individuals. The platform also combines various features together into one package. In addition to pure social connections, it also offers job hunting, mentorship, and housing resources. With niche social media networks on the rise, Commissary Club could be well-timed and well-positioned to secure a large audience. It is unlikely that a major platform like Facebook or Twitter would pivot to only targeting people with criminal records. This audience-focus gives Commissary Club a much-needed distinction in the social media market. Therefore, the differentiators score for the company is above average.

Next Section: Performance


While Commissary Club’s target market is unquestionably niche, it is an unfortunately large niche. After three years of operation, parent website 70 Million Jobs took in $40 million in revenue (largely through advertising and fees). It also acquired 11 million users, giving Commissary Club a good head start. In addition to attracting users who were formerly incarcerated, Commissary Club also hopes to engage family members of those with criminal records, who number around one 100 million.

Commissary Club is pre-profit but saw significant revenue in its previous form. In this case, recent trends are something of a downer, as the COVID-19 pandemic slashed 70 Million Jobs’s business to practically nothing.The company as a whole holds significant long-term debt in excess of $1.7 million. However, Y Combinator and Founders Fund are co-investors in the company, and its monthly burn rate is just under $56,000. Given the strong traction of 70 Million Jobs and the company’s success in securing past funding, Commissary Club’s performance score is very high.

Next Section: Bearish Outlook

Bearish Outlook

The pandemic has created a time of definite scarcity, and in times of scarcity, marginalized communities are generally the ones that suffer most. If employers were unwilling to offer people with criminal records chances at redemption before the pandemic, they have likely become even less so as jobs have evaporated. The driving question behind the success of the business is whether employers return to the newly-rebranded Commissary Club.

In addition, Commissary Club is running on an ad revenue-based model. As with all ad-based revenue streams, this is an extremely low-margin model, requiring a suitably huge user base. Commissary Club will need to prove that its platform can work at scale, providing an attractive and unique service to formerly incarcerated individuals. Commissary Club represents an urgent attempt to compensate for 70 Million Jobs’s sudden shortfall, but there is no guarantee that employers will see the need to return to their previous engagement with 70 Million Jobs.

Next Section: Bullish Outlook

Bullish Outlook

As far as companies with social impact missions go, Commissary Club has the moral authority. Marketing to a huge marginalized community with growing social sympathy is a winning strategy, one that saw the company backed by Y Combinator, Founders Fund, and a previous successful raise on Republic.

Commissary Club’s future success will likely depend on how well the jobs market rebounds in the pandemic’s wake. In the short term, the re-branding as a general social media platform for ex-prisoners is likely to have some positive impact, but it could be a couple of years before the company begins taking in significant revenue again. Still, those 11 million users are still out there.By expanding its platform, Commissary Club could start to see revenue in the millions within a few years.

Next Section: Executive Summary

Executive Summary

Commissary Club is a re-branding of successful career network 70 Million Jobs, which sought to connect Americans with criminal records to employers willing to offer them a second chance. Founder Richard Bronson oriented the company away from its strictly jobs-focused mission as the COVID-19 pandemic devastated the jobs market. He has given the platform a fresh look as a more generalized social media network for the formerly incarcerated to connect, share advice, and engage in community events.

While the company’s pre-COVID success was significant and its mission holds moral weight, questions of how quickly the jobs market will rebound and whether Commissary Club has a product-market fit cast doubt on the company’s future prospects. The company has time to build back up, but even if it does see future success, investors are likely not to see the company operating at its previous success level for a while. As a result, Commissary Club is a Neutral Deal at this time.

For questions regarding the KingsCrowd staff pick or ratings for this company, please reach out to

Analysis written by Benjamin Potts.

Founder Profile

Founder Profile: Commissary Club Founder Richard Bronson

Americans who have been incarcerated face major challenges when they reenter society. One of this biggest obstacles for them is finding employment. A study by the Brookings Institute found that 45% of individuals were still unemployed a year after they were released from prison. This percentage is three times higher than the overall unemployment rate in the US during the worst points of the pandemic.

Richard Bronson founded 70 Million Jobs in order to help the formerly incarcerated find employment. Within 70 Million Jobs, he also formed Commissary Club, a social network that focuses solely on formerly incarcerated individuals. Commissary Club gives them a community and social interaction where there is no stigma based on their record. We reached out to Richard to learn more about the importance of this mission and what investors should know about Commissary Club.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Commissary Club on Republic
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

Follow company

Follow Commissary Club on Republic

Buy Commissary Club's Deal Report

Warning: according to the close date for this deal, Commissary Club may no longer be accepting investments.

Commissary Club Deal Report

Get KingsCrowd’s comprehensive report on Commissary Club including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Commissary Club is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise
  • Our deep-dive analyst report reviewing the deal's investment potential and bullish vs. bearish outlook

Buy the Commissary Club deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge