Straw Hut Media

Early Stage

Podcast creation and distribution platform for 30+ podcasts that have been downloaded 12+ million times

Analytics

Raised to Date: 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
unlikely
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

Business Type

Growth

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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Straw Hut Media on MicroVentures 2022
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Platform: Microventures
Security Type: Convertible Note
Valuation: $2,000,000

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