This company is no longer in business. Investors can get details about any potential exits or failures here.

Riding Phat

Riding Phat

Early Stage

TV show that follows the Phat Scooters story: business, celebrities and brands

TV show that follows the Phat Scooters story: business, celebrities and brands

Overview

Raised to Date: Raised: $0

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/05/2020

Close Date

12/09/2020

Min. Goal
$150,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.38

Pre-Money Valuation

$2,500,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

12/08/2020

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$0

Momentum
Not Funded
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Year Founded

2020

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Location

Phoenix, Arizona

Business Type

Life Style

Riding Phat, with a pre-money valuation of $2.5 million, is raising crowdfunding on Wefunder. It is the TV show that follows the ups and downs of the entrepreneurial journey of Phat Scooters. The show gives an inside look at the company that makes customized electric scooters for the Hollywood elite and top athletes. Riding Phat is led by Peter Johnson and Derrick J Mains. The current crowdfunding round has a minimum raise of $150,000 and a maximum raise of $1,070,000, and the funds will be used for the production and post-production expenses of season one and a few episodes of season two. Riding Phat has a five-year deal with Crackle TV/Sony and has three sources to make money.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

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: 10/05/2020
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Riding Phat on Wefunder
Platform: Wefunder
Security Type: Equity - Common
Valuation: $2,500,000
Price per Share: $0.38

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