Skillest

Growth Stage

The Platform For Remote Golf Coaching

Overview

Raised to Date: Raised: $356,640

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/12/2022

Close Date

04/30/2023

Min. Goal

$100,000

Max. Goal

$1,235,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$15,000,000

Discount Rate

10%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

357%

% of Max. Goal

29%

Likelihood of Max
unlikely
Avg. Daily Raise

$6,858

# of Investors

158

Momentum
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Location

San Francisco, California

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

Skillest, with a valuation of $15 million, is raising funds on Wefunder. The company has developed a platform for remote golf coaching with video analytic tools, live zoom lessons, and real-time messaging. The platform has extensive domain expertise with six years of experience in space-building tools for coaches and is renowned for best coaches with millions of followers. Skillest is led by leading PGA professionals and has a loyal customer base with $2 million in lessons purchased in 2021. Brian Park, Baden Schaff, and Alan Gao founded Skillest in August 2018. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, salaries, and compensation for contractors.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,965,859

$1,181,360

COGS

$1,775,223

$1,070,996

Tax

$0

$0

 

 

Net Income

$-499,441

$-133,954

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,427,973

$66,605

Accounts Receivable

$0

$0

Total Assets

$1,431,930

$67,701

Short-Term Debt

$142,738

$97,069

Long-Term Debt

$0

$50,000

Total Liabilities

$142,738

$147,069

Financials as of: 12/12/2022
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Skillest on Wefunder 2022
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Platform: Wefunder
Security Type: SAFE
Valuation: $15,000,000

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