Rap Plug
Early Stage
Connecting Culture To Community Through Technology
Overview
Raised: $114,310
Total Commitments ($USD)
Platform
StartEngine
Start Date
09/23/2021
Close Date
03/23/2022
Min. Goal
$9,999
Max. Goal
$999,999
Min. Investment
$250
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.27
Pre-Money Valuation
$19,975,737
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$635
# of Investors
204
Momentum
Funded
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Year Founded
2018
Industry
Media, Entertainment & Publishing
Tech Sector
EnterpriseTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Rap Plug, with a valuation of $20 million, is raising funds on StartEngine. The digital platform of the company connects Hip Hop fans with their favorite artists and other prominent figures in the rap community. The platform also helps users learn how to enter the rap industry through a special curriculum designed by the legends. Rap Plug has secured partnerships with celebrities like Diddy, Rick Ross, and Eric Bellinger. Branden Criss and Craig King founded Rap Plug in August 2018. The current crowdfunding campaign has a minimum target of $9,999.35 and a maximum target of $999,998.56. The campaign proceeds will be used for marketing, growth, and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$51,292 |
$73,332 |
|
COGS |
$18,425 |
$36,363 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-310,449 |
$-287,969 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$4,558 |
$47,108 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$4,558 |
$47,108 |
|
Short-Term Debt |
$0 |
$12,500 |
|
Long-Term Debt |
$130,000 |
$0 |
|
Total Liabilities |
$130,000 |
$12,500 |
Financials as of: 09/23/2021
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