Starchive
Growth Stage
Solving for Media what Dropbox did for Documents
Overview
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
Avg. Daily Raise
$1,996
# of Investors
89
Momentum
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Location
Charlottesville, Virginia
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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
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