Fishnet
Growth Stage
An interactive streaming platform featuring Fishtank, a live 24/7 reality series
Overview
Raised: $913,387
Total Commitments ($USD)
Platform
Wefunder
Start Date
11/14/2023
Close Date
02/21/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$37,500,000
Valuation Cap
$50,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$9,320
# of Investors
2,181
Momentum
Funded
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Year Founded
2023
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
Margin
Capital Intensity
High
Fishnet, with a valuation of $50 million, is raising funds on Wefunder. The company is the creator of Fishtank, a web-based reality series featuring eight contestants in a smart house. Fishtank is streamed live 24/7 for six weeks and enables viewers to interact with and prank contestants by buying tokens that can access fishtoys. Fishnet has more than 70,000 paying customers and generated over $1.25 million in revenue in six weeks. Sam Hyde and Jet Neptune founded Fishnet in January 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for payroll, production, and marketing.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$1,324,830 |
$0 |
|
COGS |
$618,359 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$486,417 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$742,962 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$742,962 |
$0 |
|
Short-Term Debt |
$236,545 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$236,545 |
$0 |
Financials as of: 11/14/2023
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