Overview
Raised: $0
Total Commitments ($USD)
Platform
Mr. Crowd
Start Date
06/22/2020
Close Date
11/29/2020
Min. Goal
$10,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Pre-Money Valuation
$2,400,000
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
11/29/2020
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
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: 06/22/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Connection Publishing | 11/29/2020 | Mr. Crowd | $2,400,000 | $0 | Equity - Common | Not Funded | RegCF |
| Connection Publishing | 05/01/2020 | Mr. Crowd | $2,400,000 | $0 | Equity - Common | Not Funded | RegCF |
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