Overview

Raised to Date: Raised: $1,931,213

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts New!

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/01/2022

Close Date

12/14/2023

Min. Goal

$10,000

Max. Goal

$2,500,000

Min. Investment

$250

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegCF    

Price Per Share

$0.50

Pre-Money Valuation

$34,781,547

Venture Capital Investors:

Bullpen

GoAhead Ventures

Lightbank

PlayNext

Rolling Commitments ($USD)

Status

Funded

Reporting Date

12/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$4,118

# of Investors

1,185

Momentum

Funded

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Gameflip

Year Founded

2014

Industry

Media, Entertainment & Publishing

Tech Sector

GamingTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

San Jose, California

Business Type

Growth

Company Website

Gameflip, with a valuation of $34.8 million, is raising funds on StartEngine. The company has developed a digital marketplace for gamers where they can safely buy and sell all things related to gaming. The marketplace is powered by advanced technology and provides gamers with a simple and safe place to flip their gaming items and assets. Gameflip has a community of over six million gamers and has facilitated sales of over $140 million. JT Nguyen and Terry Ngo founded Gameflip in December 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$3,280,014	$3,904,356
COGS	$865,404	$993,933
Tax	$1,664	$1,600
Net Income	$-1,554,407	$-1,423,109

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$2,549,130	$4,344,596
Accounts Receivable	$146,277	$480,618
Total Assets	$2,769,557	$4,891,929
Short-Term Debt	$465,365	$796,261
Long-Term Debt	$0	$237,070
Total Liabilities	$465,365	$1,033,331

Financials as of: 09/01/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Gameflip	04/28/2024	StartEngine	$36,826,409	$316,535	Equity - Common	Active	RegCF
Gameflip	12/14/2023	StartEngine	$34,781,547	$1,931,213	Equity - Common	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Gameflip Co-founder JT Nguyen on Gaming and the Blockchain

If you’ve ever played a video game or even mobile game, you’re probably familiar with microtransactions. They’re little digital assets you can buy to give you a boost, identify you as part of a team, or even just change your avatar’s look (like the Lollipop Hammer in Candy Crush). Microtransactions are becoming an increasingly popular business model, especially in games that are free to play. But once those items are purchased, they only exist on your account and may even be locked to the device you purchased them on. 

Gameflip has proposed a solution: a digital marketplace where gamers can buy and sell their digital assets using the blockchain. We interviewed co-founder and CEO JT Nguyen about his inspiration for starting the company and goals for the company in the long term. 

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

Read Founder Interview