Season Three

Early Stage

Heritage footwear for a new generation

Overview

Raised to Date: Raised: $107,061

Total Commitments ($USD)

Platform

Republic

Start Date

04/19/2021

Close Date

08/15/2021

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$6,000,000

Discount Rate

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/31/2021

Days Remaining
Funded
% of Min. Goal

428%

% of Max. Goal

10%

Likelihood of Max
Funded
Avg. Daily Raise

$907

# of Investors

276

Momentum
Funded
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Location

Brooklyn, New York

Industry

Apparel & Fashion

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Season Three, with a valuation cap of $6 million, is raising funds on Republic. The company makes and sells hiking boots and outdoor apparel for millennials and Gen-Z. The outdoor lifestyle brand makes heritage footwear for the new generation, with The Ansel as its flagship product. Adam Klein and Jared Ray Johnson founded Season Three in April 2018 and have raised over $600,000 since the inception. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used for product development, social media marketing, content creation, and hiring. Season Three has reported over $150,000 in sales since its launch in February 2020 and expects to reach $830,000 in sales by 2021.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$122,978

$0

COGS

$57,474

$0

Tax

$0

$0

 

 

Net Income

$-156,237

$-83,034

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$73,092

$161,701

Accounts Receivable

$0

$0

Total Assets

$149,150

$249,681

Short-Term Debt

$6,812

$2,364

Long-Term Debt

$0

$0

Total Liabilities

$6,812

$2,364

Financials as of: 04/19/2021
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Season Three on Republic
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Platform: Republic
Security Type: SAFE
Valuation: $6,000,000

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