The Tula Mic
Early Stage
Possibly the Only Mic You’ll Ever Need
Overview
Raised: $134,326
Total Commitments ($USD)
Platform
StartEngine
Start Date
10/25/2021
Close Date
04/15/2022
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$300
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$786
# of Investors
144
Momentum
Funded
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
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: 10/25/2021
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