UpStaged Entertainment Group
Early Stage
"The" College and High School Performing Arts Hub, monetizing an untapped market
Overview
Raised: $60,044
Total Commitments ($USD)
Platform
Wefunder
Start Date
10/26/2021
Close Date
07/31/2022
Min. Goal
$50,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$10,000,000
Valuation Cap
$12,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$217
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
UpStaged Entertainment Group, with a valuation of $12 million, is raising funds on Wefunder. The company has created the first national competition league for performing arts and has launched several performing arts competitions across the country. UpStaged functions as the platform for quality content and audience engagement, catering to 7.5 million student performers across more than 5,300 colleges and universities and 24,000 high schools. Stephan Hartman founded UpStaged Entertainment Group in August 2019. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1,070,000. The campaign proceeds will be used for marketing, technology, Fall 2021/Winter 2022 events, and hiring staff.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$24,108 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-620,440 |
$-180,475 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$25,344 |
$40,200 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$36,222 |
$67,763 |
|
Short-Term Debt |
$165,079 |
$34,805 |
|
Long-Term Debt |
$672,058 |
$213,433 |
|
Total Liabilities |
$837,137 |
$248,238 |
Financials as of: 10/26/2021
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