Connection Publishing

Connection Publishing

Early Stage

A community magazine company

A community magazine company

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Mr. Crowd

Start Date

06/21/2020

Close Date

11/28/2020

Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$2,400,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

11/28/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2016

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

North Odgen, Utah

Business Type

Life Style

Connection Publishing, with a pre-money valuation of $2.4 million, is raising funds on Mr. Crowd. It is a magazine company that works with cities to replace their traditional newsletters with full-featured news magazines. The magazines carry the official news of the city, in addition to engaging stories from the local community. Connection Publishing was founded by Melissa Spelts and Ryan Spelts in 2016. The current round of crowdfunding of the company has a minimum goal of $10,000 and a maximum goal of $107,000. The proceeds will be used to expand to new cities and communities. Connection Publishing has been profitable in the past two fiscal years, with revenue growth of 57% in 2018. The company is creating connections in the communities, in addition to providing the news and important information.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$305,370

$194,238

COGS

$36,318

$9,071

Tax

$726

$0

 

 

Net Income

$25,453

$34,704

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$770

$11,083

Accounts Receivable

$21,294

$13,298

Total Assets

$22,064

$24,381

Short-Term Debt

$34,922

$29,440

Long-Term Debt

$0

$0

Total Liabilities

$34,922

$29,440

Financials as of: 06/21/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Connection Publishing 11/28/2020 Mr. Crowd $2,400,000 $0 Equity - Common Not Funded RegCF
Connection Publishing 04/30/2020 Mr. Crowd $2,400,000 $0 Equity - Common Not Funded RegCF
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Connection Publishing on Mr. Crowd
Platform: Mr. Crowd
Security Type: Equity - Common
Valuation: $2,400,000
Price per Share: $1.00

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