Legion M continues to be a fan of fintech, accepting fundraised on Reg CF, Reg A , Reg D absolution to accession advance basic and self-hosted a attack beforehand in November. The San Francisco-based fan-owned media aggregation has alternate to crowdfunding — reportedly its fifth crowdraise– to attack on Wefunder to accession a ambition ambition of $1,250,000. At this writing, added than $900,400 has been anchored from over 2290 investors. Legion M was pre-campaign admired at $22.7M.
“Our abiding ambition is to affiliate 1 actor admirers as shareholders of our company. It’s baked into our logo — the M with a bar over it — which is the Roman character for 1 million,” adumbrated Legion M on its Wefunder campaign. “If we can accomplish this goal, we’ll accept hundreds of millions of dollars to advance film, television, basic reality, and digital entertainment projects that accept one actor admirers continuing abaft them. We accept this could accomplish us one of the best affecting companies in Hollywood!”
Co-founded by CEO Paul Scanlan and Jeff Annison, Legion M was founded by Emmy-winning agenda media antecedents and is reportedly one of the best acknowledged companies in JOBS Act History, with added than 10,000 investors, a common association of 40,000, and added than $5 actor raised. Other highlights? Past projects include films Mandy (Nicolas Cage), Colossal (Anne Hathaway, Jason Sudeikis), Bad Samaritan (David Tennant) and a slate of aboriginal projects including the basic absoluteness alternation featuring Stan Lee and Kevin Smith. The allowances of investing? Members and investors accept invitations to absolute opportunities and contest such as the Sundance Blur Festival.
“We’re consistently gluttonous opportunities to booty our shareholders abaft the scenes, and developing new accoutrement and processes to tap into the aggregate wisdom, adroitness and aptitude of the community,” aggregate Legion M on its campaign.
As appear in an beforehand post, Legion M revenues for the twelve months which concluded December 31, 2017 were $415,372, apery an about 1700% access over the revenues from March 4, 2016 (inception) to December 31, 2016, of $23,096. The acquirement in 2017 came from projects including the “Celebrating Stan Lee” accident and the blur Colossal, as able-bodied as Legion M commodity and accident sales. The net accident for Fiscal 2017 stood at $1,922,699.
“As you may accept heard, Legion M’s third annular awash out and we concluded up oversubscribed with added bodies absent to advance than we had allowance to accommodate,” commented Scanlan on Wefunder’s Q&A.” In accordance with our NO FAN LEFT BEHIND philosophy, we filed for a Regulation A alms to board the added appeal so we wouldn’t accept to abolish any investments. Setting up the Reg A and accepting approval took added time than we had anticipated…”
For added capacity and Q&A featuring Legion M’s accepted Wefunder round, bang here.
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