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Security Type
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Common Stock
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Categories
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Entertainment
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Min Investment
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$100
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Offering Date
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September 14, 2020
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Expected Close Date
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January 05, 2021
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Target Raise
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$150.00K-$1.07M
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Deal Notes
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Price per Share: $0.376
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Valuation
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$2,500,000
Company Description
Riding Phat is the TV show following the ups and downs of the entrepreneurial journey of Phat Scooters With any TV show the goal is multiple seasons and a strong fan base. We believe with our customer base, clientele and brand we can sustain this show in the long haul 5+ seasons. Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Perks
Invest $500+ for A Riding Phat T-shirt shipped to you before the premier so you can roll around telling people "your TV show is on".
$1,000+ A special edition Riding Phat hat ONLY available to investors.
$10,000+ A mention in the credit of the show.
$50,000+ Phat will build you an official one of a kind "Riding Phat" Phatty. Includes a concierge design appointment and a credit of $4500 toward the scooter of your dreams.
$75,000+ Executive Producer on screen credit - being this show has a network deal you will be eligible for your own IMDb
Invest $500+ for A Riding Phat T-shirt shipped to you before the premier so you can roll around telling people "your TV show is on".
$1,000+ A special edition Riding Phat hat ONLY available to investors.
$10,000+ A mention in the credit of the show.
$50,000+ Phat will build you an official one of a kind "Riding Phat" Phatty. Includes a concierge design appointment and a credit of $4500 toward the scooter of your dreams.
$75,000+ Executive Producer on screen credit - being this show has a network deal you will be eligible for your own IMDb
Key Deal Facts
5 year deal with Crackle TV/Sony
Top tier athletes and actors lining up to appear.
Three ways for the show to make money
Very little new content is coming as Covid created a void. This show is one exception.
Use of Proceeds
$150,000
- 93.5% of proceeds will be used for season 1 shoots.
- 6.5% will go towards the Wefunder intermediary fee.
$300,000
- 50% will be used to complete Production, with a few offsite production days added to shoot with some legendary sports figures.
- 43.5% will be used for post-production to be completed.
- 6.5% will go towards the Wefunder intermediary fee.
$600,000
- 50% -- Production for season 1 done and dusted.
- 43.5% -- Production for 6 episodes of season 2 will be covered as well as the editing and some travel days for A listers to appear in the show.
- 6.5% will go towards the Wefunder intermediary fee.
$1,070,000
- 25% to complete production of season one 50% for a full season season two.
- 18.5% will be used for marketing of season one premiere in January 2021 and setup of merchandise online store.
- 6.5% will go towards the Wefunder intermediary fee.
Management Team / Advisory Board Bios
Peter Johnson
CEO
From the 2000 Olympics to Phat Scooter fame. Peter can swim through just about anything.
Derrick J Mains
President
This one's got a bit of a personality and a tendency to hit cameramen with his poor tee shots. Fore!
Ashley Cappellazzi
Designer
Designer to the stars. Walking laugh track.
Richard Johnson
COO
The voice of reason.
Abbie Turay
Social Media
All for the gram. Need we say more. Sure why not. This is Abbie's first job and she's loving it (at least she says that when the cameras are rolling).
Kelly Sallaway
Executive Producer
Kelly is the brains and boss of this operation.
Rob Kirbyson
Director
Born in the mountains of Canada but weaned on the mean streets of Hollywood Rob runs the show, literally.
