Straw Hut Media
Early Stage
Podcast creation and distribution platform for 30+ podcasts that have been downloaded 12+ million times
Analytics
Raised: $4,350
Aggregate Commitments $
Platform
Microventures
Start Date
05/11/2022
Close Date
08/15/2022
Min. Goal
$25,000
Max. Goal
$500,000
Min. Investment
$100
Security Type
Convertible Note
Funding Type
RegCF
Series
Pre-Seed
Valuation Cap
$2,000,000
Discount Rate
20%
Rolling Commitments $
Status
Active
Reporting Date
08/07/2022
Days Remaining
8
% of Min. Goal
17%
% of Max. Goal
1%
Likelihood of Max
Avg. Daily Raise
$49
Momentum
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Location
Los Angeles, California
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Straw Hut Media, with a valuation of $2 million, is raising funds on MicroVentures. The company has developed a platform that helps users create and distribute 30 podcasts ranging from pop culture and history to health and fitness. The podcast portfolio of Straw Hut Media includes content created by personalities like Brandi Glanville, Daisey Fuentes, and Richard Marx. The podcasts of Straw Hut Media were downloaded over 12 million times in 2021. Ryan Tillotson and Tyler Neilsen founded Straw Hut Media in November 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing, research and development, equipment purchases, and general working capital.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$224,916 |
$198,763 |
|
COGS |
$0 |
$0 |
|
Tax |
$2,124 |
$2,800 |
| ||
| ||
|
Net Income |
$-72,174 |
$-43,304 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$13,801 |
$9,496 |
|
Accounts Receivable |
$9,958 |
$10,553 |
|
Total Assets |
$29,115 |
$45,382 |
|
Short-Term Debt |
$35,119 |
$3,587 |
|
Long-Term Debt |
$96,594 |
$74,993 |
|
Total Liabilities |
$131,713 |
$78,580 |
Financials as of: 05/11/2022
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