-
Min Investment
-
$500
-
Offering Date
-
June 20, 2023
-
Expected Close Date
-
September 18, 2023
-
Target Raise
-
$15.00K-$1.23M
-
No. Investors
-
62
-
Security Price
-
$2.45
- Number of Employees
- 1
- Cash
- $572,603
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $1,450,000
- Net Income
- $-1,577,465
Company Description
OSDB is a digital sports media platform offering unique insights and details on your favorite athletes and teams. Co-founded by NFL superstar Aaron Rodgers, the company has raised $4 million in funds.
Use of Proceeds
The company plans to use the funds for product development, marketing, working capital, platform, and service fees provided by Start Engine.
Management Team / Advisory Board Bios
Ryan Rottman, CEO, Co-Founder & Board Member
Ryan is an entrepreneur, actor, and producer living in California by way of Texas. He attended Texas Tech University majoring in business administration with a minor in Theatre. Ryan is a Hallmark Channel star and has appeared in more than 30 titles including Billionaire Boys Club, House Bunny, and Beverly Hills 90210 to name a few. Although acting has always been a passion, it's taken a backseat while developing and building OSDB.
Aaron Rodgers, Co-Founder & Board Member
Aaron is considered to be one of the greatest NFL quarterbacks of all time, known to be differentiated from his peers due to his exceptional on-field IQ. Aaron has also had a lot of success off the football field with various business endeavors and investments. Aaron holds positions in numerous private companies and has made personal investments in various firms spanning the consumer and sports sectors. Aaron provides OSDB with unique access to relationships with premium brands, athletes, and influence that can help strengthen its sports platform. On average, Aaron contributes 2-3 hours per week to OSDB Sports.
Michael Goldman, EVP
Michael launched and oversaw content on TMZ Sports, executive produced the NBA Awards for TNT, and oversaw talent development for SPIKE TV. Michael was one of the original six players to participate in the pro-sport SLAMBALL which debuted on SPIKE TV.
Valuation Notes
The company has valued itself at $25M pre-money. It is important to note that the company has not reported revenues for 2021 and 2022. The company also reports a shareholder loan of $1.45M on its balance sheet. The Company also currently has $2.85M in SAFE notes outstanding. The valuation seems high without proven traction for the product.