Skillest
Growth Stage
The Platform For Remote Golf Coaching
Overview
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
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
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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Analyst Report
Pending Review