The Tula Mic

Early Stage

Possibly the Only Mic You’ll Ever Need

Analytics

Raised to Date: Raised: $75,184

Aggregate Commitments $

Platform

StartEngine

Start Date

10/26/2021

Close Date

04/25/2022

Min. Goal

$10,000

Max. Goal

$1,070,000

Min. Investment

$300

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$20,000,000

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

141

% of Min. Goal

752%

% of Max. Goal

7%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,880

Momentum
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Location

Houston, Texas

Industry

Consumer Products, Goods & Services

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Business Type

Growth

The Tula Mic, with a valuation of $20 million, is raising funds on StartEngine. The company makes beautifully designed and great-sounding microphones for content creators and people working from home. The Tula Mic works well with computers and phones and can also work as a mobile recorder with an internal battery and memory. The product is fully developed and already in mass production. David Arthur Brown founded The Tula Mic in October 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the development of new products and geographic expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-962,385

$-165,473

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$203,326

$120,846

Accounts Receivable

$0

$0

Total Assets

$420,929

$137,833

Short-Term Debt

$978,787

$3,306

Long-Term Debt

$161,648

$0

Total Liabilities

$1,140,435

$3,306

Financials as of: 10/26/2021
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The Tula Mic on StartEngine 2021
$
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,000,000

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