Treefort Music Fest
Growth Stage
Festival better. Invest in a fest that starts with community.
Overview
Raised: $361,283
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/02/2020
Close Date
06/23/2021
Min. Goal
$50,001
Max. Goal
$1,050,000
Min. Investment
$100
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$21.00
Pre-Money Valuation
$20,000,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
06/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,115
# of Investors
956
Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded
2014
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Treefort Music Fest, with a $20 million pre-money valuation, is raising crowdfunding on Wefunder. It is a five-day festival, which is more than just a music festival. The fest functions as the hub and multiplier of Boise’s creative capital and economy and energizes Boise’s cultural and economic ecosystem. Treefort Music Fest was founded by Lori Shandro, Eric Gilbert, Drew Lorona, and Megan Stoll, and is partly owned by Decker Rolph and John Michael Schert. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,001 and a maximum goal of $1,050,000, will be used to cover the losses due to postponement of the festival and pay the team. Treefort Music Fest has sold over 40,000 full festival passes and had 133,000 attendees over the past eight years. The fest generates $1.8 million in annual revenue, with a growth of 17% each year.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,897,601 |
$1,079,590 |
|
COGS |
$204,495 |
$109,135 |
|
Tax |
$83,395 |
$43,485 |
| ||
| ||
|
Net Income |
$13,038 |
$-196,484 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$190,919 |
$239,178 |
|
Accounts Receivable |
$151,774 |
$26,915 |
|
Total Assets |
$194,475 |
$241,672 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$150,000 |
$150,000 |
|
Total Liabilities |
$150,000 |
$150,000 |
Financials as of: 08/02/2020
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$25 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Already a member? Log in here.
Ratings 
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.