FCF – Beasts

FCF – Beasts

Fan Controlled Football – The pro sports league where fans call the shots

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Security Type
Crowd SAFE
Categories
Sports & Fitness
Min Investment
$150
Location
HERMOSA BEACH, CA
Offering Date
January 27, 2021
Expected Close Date
August 31, 2022
Amount Raised
$7,390
Target Raise
$25K-$100K
No. Investors
29
Security Price
$1
Deal Notes

Price per Unit: $1.50

Valuation
$12,500,000
Number of Employees
0
Cash
$0
Revenue
$355,718
Short Term Debt
$0
Cost of Goods
$63,754
Long Term Debt
$194,680
Net Income
$-428,390

Company Description

Fan Controlled Football (FCF) is a new category of interactive entertainment that blurs the line between traditional sports and video games, with a fan-controlled league that puts owners (you!) in control of everything from real-time play calls to jersey designs.

Video games and esports have dramatically changed consumer expectations for entertainment. Younger fans now require short form content, digital distribution and interactivity, paving the way for the skyrocketing use of platforms like Twitch. 

As leagues and teams are scrambling to find new ways to connect and engage, FCF presents fans with a next-gen solution.

How does it work? It all starts with choosing a team.

Key Deal Facts

VC backed by Lightspeed Ventures, Verizon Ventures, Talis Capital & more
Other investors include Joe Montana, co-founders of Reddit & BleacherReport
Team Owners include Quavo, Marshawn Lynch, Richard Sherman, Trevor May
Founders have led several venture-backed companies to exits totaling $2.2B+
Multi-year distribution deal with Amazon's Twitch
Sponsors & partners include IBM, Progressive Insurance, & Champion
First pro football league where fans call the plays in real-time

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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