Paint Nite

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

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Claim My Business
Form C
View on Republic
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
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Business Traction
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Management Team
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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.

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