SideStream

Early Stage

Live social video platform that entered into a partner licensing agreement in December 2020 with Universal Studios

Overview

Raised to Date: Raised: $128,015

Total Commitments ($USD)

Platform

Microventures

Start Date

03/08/2021

Close Date

08/16/2021

Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Early Bird Val. Cap

$4,050,000

Valuation Cap

$4,500,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

08/31/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$795

# of Investors

327

Momentum
Funded
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Year Founded

2015

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

Low

Location

Santa Monica, California

Business Type

Growth

Company Website

SideStream, with a $5 million valuation cap, is raising crowdfunding on MicroVentures. It is a live social video platform that allows normal individuals and influencers to host live screening parties for popular movies. The hosts get to participate in the revenues generated from their hosted events. Neal Tiles and Kevin Pereira founded SideStream in 2015 and raised $405,000 in previous rounds of financing. The proceeds of the current crowdfunding raise, with a minimum target of $25,000 and a maximum target of $500,000, will be used for marketing, research and development, repayment of legal fees, and operations. SideStream entered into a partnership agreement with Universal Studios in December 2020 which will enable the platform to offer the popular Universal titles.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$69

$1,124

COGS

$0

$0

Tax

$0

$2,400

 

 

Net Income

$18,376

$-25,065

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$33,884

$23,159

Accounts Receivable

$0

$0

Total Assets

$108,850

$27,974

Short-Term Debt

$467,580

$405,081

Long-Term Debt

$0

$0

Total Liabilities

$467,580

$405,081
Financials as of: 03/08/2021
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SideStream on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $4,500,000

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