hobbyDB, with its current fundraising through preferred equity at a pre-money valuation of $18.8 million, appears to be significantly overvalued when considering its latest annual revenue of $418,154. The company's revenue multiple stands at 44.96x, which is exceedingly high for a company in this industry, especially one still in the pre-profit phase. This high multiple suggests that the price investors are being asked to pay is not well-aligned with the company's current financial performance.

Despite hobbyDB's robust user base of 650,000 and the impressive total value of collections on its platform, the company's actual financial traction does not justify such a lofty valuation. With a slight decline in annual revenue growth of -2.79%, there is cause for concern regarding the company's ability to scale and increase revenue at a rate that would validate the current valuation in a reasonable timeframe. Moreover, the company's previous fundraising efforts, amounting to $3.8 million, have not yet translated into a path to profitability or a sustainable increase in revenue.

Investors should exercise caution and consider the likelihood of hobbyDB achieving the necessary financial milestones to support such a high valuation. It is crucial to weigh the potential for growth against the reality of the company's current revenue and growth trajectory before making an investment decision.

hobbyDB is part of the U.S. online antiques and collectibles market, valued at $2.4 billion. This market is experiencing growth, with a projected annual growth rate of 8.5%. As more collectors turn to online platforms to explore, track, and organize their collections, hobbyDB's comprehensive database and price guide service are well-positioned to meet this increasing demand.

The company's niche target market consists of collectors seeking a dedicated platform to manage and value their collections. With 650,000 users managing collections worth $5.7 billion and over 350,000 app downloads, hobbyDB has already demonstrated high market acceptance within this niche. The company's user-centric approach—providing a platform built by collectors for collectors—has likely contributed to its success in attracting and retaining users.

In conclusion, hobbyDB's market potential is high, driven by the growing online antiques and collectibles market and the company's strong value proposition for collectors. However, it will need to continue to innovate and differentiate its offerings to maintain its competitive position and capitalize on the market growth opportunities.

hobbyDB is led by founder and CEO Christian Braun. With ten years of relevant industry experience, Braun brings a deep understanding of the collecting community and a passion for building a platform that serves collectors worldwide. Braun's dedication to creating a free resource for collectors, built by collectors, has been instrumental in the development and success of hobbyDB.

Braun's experience and expertise in the industry, combined with his high-level managerial skills, have positioned hobbyDB for growth and success. His commitment to serving the collecting community and his vision for the platform's future make him a strong leader for the company.

hobbyDB differentiates itself in the market as a free resource and database designed for collectors. With a user-friendly interface and comprehensive collectibles database, hobbyDB offers collectors a platform to explore, track, and organize their collections. The price tracker feature allows collectors to keep track of the value of their collections, providing valuable insights into their investments.

While there may be competitors in the market, hobbyDB's differentiation lies in its user-centric approach and focus on providing a comprehensive and valuable resource for collectors. The platform is built by collectors for collectors, ensuring that it meets its target audience's specific needs and requirements.

Although the competitive landscape may be moderately competitive, hobbyDB's high-quality differentiation sets it apart from others in the market. The platform's user-friendly interface, extensive database, and price tracking feature give collectors a unique and valuable experience. This differentiation, combined with its growing user base and strong community engagement, positions hobbyDB as a leading player in the online antiques and collectibles market.

Financially, hobbyDB has generated annual revenue of $418,154. However, the company has experienced a slight decline in revenue growth, with a negative growth rate of -2.79%. hobbyDB has demonstrated its value proposition to collectors and can potentially capture a significant portion of the U.S. online antiques and collectibles market. 

hobbyDB has amassed an impressive user base of 650,000 collectors, with collections worth a staggering $5.7 billion. The platform has also gained popularity, with over 350,000 downloads of its app. These numbers demonstrate the trust and engagement of the collecting community in hobbyDB's services.

Investing in hobbyDB carries several risks that potential investors should be aware of. Firstly, the company operates in a moderately competitive market. While hobbyDB has a unique offering as a free resource for collectors, other platforms and databases are available that cater to collectors. This competition may make it challenging for hobbyDB to attract and retain users, as collectors have multiple options.

Additionally, hobbyDB relies on user engagement and growth to drive revenue. The company generates revenue through transactional activities on its marketplace, such as buying and selling collectibles. The success of hobbyDB's revenue model depends on increasing user activity and driving transactions. If the user base does not grow or engage with the platform, it may impact the company's ability to generate sustainable revenue.

Another risk that hobbyDB faces is the need to continuously add data and improve the user experience on its platform. Users rely on accurate, up-to-date information to track and organize their collections effectively. If hobbyDB fails to update and expand its database regularly, it may result in user dissatisfaction and a decline in user retention.

Financially, hobbyDB has a negative net income and a monthly burn rate. The company's burn rate indicates that it is currently spending more than it generates in revenue, requiring ongoing funding to sustain its operations. This dependency on external funding poses a risk, as the company needs to secure sufficient capital to continue operating and achieve its growth objectives.

hobbyDB is a platform for collectors, providing a comprehensive database and resources that cater to the needs of the collecting community. With 650,000 users and collections worth $5.7 billion, hobbyDB has established itself as a trusted and valuable resource for collectors worldwide.

One of the key features of hobbyDB is its price tracker, which allows collectors to keep track of the value of their collections. This functionality provides valuable insights and helps collectors make informed decisions about buying, selling, and managing their collections. The platform's robust database enables users to explore various fandoms and track their collections securely and organized.

While the company has not yet achieved profitability, hobbyDB has generated annual revenue of $418,154. Although the revenue growth rate has declined slightly, the platform's strong margin level positions it for future growth and profitability. The company's low capital intensity indicates that it can operate efficiently and effectively with minimal financial resources.

hobbyDB has a competitive advantage as a platform built and owned by collectors. This unique perspective and understanding of the collector's needs differentiate hobbyDB from its competitors. Furthermore, the company's association with Techstars, a prestigious accelerator program, demonstrates its potential for success and access to valuable resources.

While hobbyDB offers a valuable resource for collectors, the company faces challenges in generating substantial revenue and achieving profitability. With a revenue growth rate of -2.79% and an annual revenue of $418,154, hobbyDB's financial performance has been declining since its last funding round. This raises concerns about the company's ability to monetize its platform and generate sustainable revenue streams.

Additionally, hobbyDB operates in a moderately competitive market. While it has a significant user base of 650,000 collectors with collections worth $5.7 billion, the company faces the challenge of attracting and retaining users in a market that includes other online platforms and resources catering to collectors. Without strong partnerships or a clear differentiation strategy, hobbyDB may struggle to maintain its user base and attract new collectors to its platform.

Furthermore, the company's burn rate of $21,660.42 per month, coupled with a relatively low cash balance of $60,013.00, indicates that hobbyDB heavily relies on external funding to sustain its operations. This dependence on fundraising introduces risks and uncertainties, as the company may face difficulties securing additional funding.

hobbyDB is a digital platform designed for collectors, providing a detailed database of collectibles with a price guide. The platform allows users to explore fandoms, track their collections, and use a secure marketplace to buy and sell items. It boasts 650,000 users with collections worth $5.7 billion and over 350,000 app downloads.

The company is currently in the pre-profit stage, with an annual revenue of $418,154. Despite this, the company's revenue has decreased slightly by 2.79% in the last year. hobbyDB operates in the U.S. online antiques and collectibles market, which presents a high market potential. The platform's user-friendly features, such as its price tracker, make it an attractive tool for collectors.

hobbyDB has previously raised $3.8 million and is seeking additional funding through a crowdfunding campaign on Wefunder. The funds raised will finance the company's operations, add more data to the site, implement the UX design, and build image recognition. These developments should enhance the user experience and potentially attract more users to the platform.