Paint Nite

A platform for artists + venues to easily earn money running creative events

Print
Follow Claim My Business
Security Type
Crowd SAFE
Min Investment
$300
Location
BOSTON, MA
Offering Date
April 25, 2023
Expected Close Date
July 24, 2023
Target Raise
$25.00K-$1.24M
No. Investors
170
Security Price
$1
Website
paintnite.com
Number of Employees
15
Cash
$815,796
Revenue
$5,309,110
Short Term Debt
$7,280,870
Cost of Goods
$3,342,529
Long Term Debt
$4,004,172
Net Income
$302,963

Company Description

PaintNite.com makes it easy and compelling for local artists, restaurants, and bars to connect and run creative social events (e.g., our popular Paint Nites).

Perks

Invest
$300
Receive
One ticket to a PaintNite.com event

Invest
$1,000
Receive
Two tickets to a PaintNite.com event
Paint Nite shareholder swag kit

Invest
$5,000
Receive
Two tickets to a PaintNite.com event
Framed handmade painting of one of our top designs by a PaintNite.com artist
Paint Nite shareholder swag kit

Invest
$10,000
Receive
Two tickets to a PaintNite.com event
Framed handmade painting of one of our top designs by a PaintNite.com artist
Quarterly shareholder report
Paint Nite shareholder swag kit

Invest
$25,000
Receive
Four tickets to a PaintNite.com event
Framed handmade painting of one of our top designs by a PaintNite.com artist
Quarterly shareholder report
Private painting event for 20 guests
Paint Nite shareholder swag kit

Key Deal Facts

$70M in annual revenue at pre-pandemic peak
Notable strategic investor: 1-800-Flowers.com (2022)
#2 on Inc. 5000 Fastest-Growing Companies (pre-pandemic)
3 million+ email subscribers
In-person event revenue has tripled in the last 8 months
Highly scalable & cash efficient model

Management Team / Advisory Board Bios

Dan Hermann
Founder
Amount Raised : $83,441
Reveal the Score by Voting
_
0
Business Idea
Business Traction
Management Team
Valuation

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments