Starchive

Growth Stage

Solving for Media what Dropbox did for Documents

Overview

Raised to Date: Raised: $213,525

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/18/2022

Close Date

04/30/2023

Min. Goal

$200,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$20,000,000

Discount Rate

12%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/02/2023

Days Remaining

87

% of Min. Goal

107%

% of Max. Goal

21%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,996

# of Investors

89

Momentum
cool.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

Charlottesville, Virginia

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Starchive, with a valuation of $20 million, is raising funds on Wefunder. The company has developed a Web3-enabled platform for the creator economy. The platform combines the features of Dropbox, Google Drive, and iCloud for creators who work with loads of digital media. Starchive assists in the seamless organization, sharing, and monetization of content and has grown 1,640% in the last twelve months. Richard Averitt and Peter Agelasto founded Starchive in 2014. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1 million. The campaign proceeds will be used for marketing, customer acquisition, operations, and R&D.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$262,840

$122,537

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-847,042

$-713,178

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$587,433

$57,025

Accounts Receivable

$17,662

$1,500

Total Assets

$643,904

$94,155

Short-Term Debt

$69,603

$64,712

Long-Term Debt

$1,593,092

$1,523,192

Total Liabilities

$1,662,695

$1,587,904

Financials as of: 10/18/2022
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Starchive on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $20,000,000

Follow company

Follow Starchive on Wefunder 2022
View on Wefunder