Los Angeles SuperStars
Early Stage
Basketball Champions League team
Overview
Raised: $125,568
Platform
StartEngine
Start Date
05/23/2017
Close Date
09/19/2017
Min. Goal
$49,994
Max. Goal
$1,000,000
Min. Investment
$175
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$7.00
Pre-Money Valuation
$47,950,000
Year Founded
2017
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Location
Los Angeles, California
Los Angeles SuperStars, with a valuation of $47.95 million, is raising funds on StartEngine. It is a basketball Champions League team licensed in Los Angeles. Los Angeles SuperStars will play in a competitive summer basketball league and feature players who have played in the NBA. The players of Los Angeles SuperStars will all be former NBA players, 1-5 years out of professional basketball, and will play seven home games and seven away games. Marc Scoggins founded Los Angeles SuperStars in January 2017. The current crowdfunding campaign has a minimum target of $49,994 and a maximum target of $1 million. The campaign proceeds will be used for social media marketing, salaries, pre-season group sales, promotions, pre-season team launch events, the buildout of the Owners Club app, and the launch of the Los Angeles SuperStars front office.
Summary Profit and Loss Statement
| FY 2016 | FY 2015 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2016 | FY 2015 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/23/2017
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Los Angeles SuperStars | 09/19/2017 | StartEngine | $47,950,000 | $125,568 | Equity - Common | Funded | RegCF |
No prior online funding rounds.
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