Studio Pod
Early Stage
Automated professional photography studio for headshots
Overview
Raised: $37,376
Total Commitments ($USD)
Platform
Republic
Start Date
03/10/2024
Close Date
07/06/2024
Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/07/2024
Days Remaining
59
% of Min. Goal
75%
% of Max. Goal
3%
Likelihood of Max
Avg. Daily Raise
$644
# of Investors
35
Momentum
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Year Founded
2022
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Studio Pod, with a valuation of $15 million, is raising funds on Republic. The company has created automated professional photography studios for headshots. Studio Pod is a self-service studio that works at a 33% lower cost than in-person photographers and produces high-quality and consistent photographs with TrueTone lighting. The business serves companies like Dell, ConocoPhillips, Shell, and UBS and has generated $320,000 in revenue in the last twelve months. Joseph West and Chris Bailey founded Studio Pod in December 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology, research, product development, sales and marketing, and working capital.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$309,968 |
$206,554 |
|
COGS |
$75,302 |
$34,399 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-541,390 |
$35,714 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$306,780 |
$37,850 |
|
Accounts Receivable |
$11,854 |
$0 |
|
Total Assets |
$500,346 |
$303,129 |
|
Short-Term Debt |
$130,004 |
$83,700 |
|
Long-Term Debt |
$927,490 |
$250,000 |
|
Total Liabilities |
$1,057,494 |
$333,700 |
Financials as of: 03/10/2024
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