Pallas

Mitchell's audience-building expertise at a streaming platform is directly applicable; the prior fan-community exit demonstrates execution. Nguyen's crowdfunding platform experience brings the transaction mechanics know-how this category requires.

The combination of regulated equity crowdfunding with revenue-share tiers is a thoughtful mechanism design. Differentiated from both traditional crowdfunding and film-specific finance platforms.

6% take-rate with 1% ongoing rev-share is a reasonable unit economic structure. At current GMV the business is early, but the structure scales well if volume grows.

• ●Founders with directly applicable prior experience
• ●Real GMV and completed funding cycles (not just a marketplace with pipeline)
• ●Two films returning principal is meaningful validation

• —Absolute scale is small — $1.1M GMV in 9 months is modest
• —Regulatory exposure in equity crowdfunding is non-trivial

• ?Regulatory posture: how is the offering structured across state lines?
• ?What is the distribution of returns across the 14 funded films?

Independent filmmakers struggle to raise $500K-$3M production budgets without surrendering creative control to studios.

Regulated equity-crowdfunding platform specifically for narrative film, with revenue-share mechanics and fan-incentive tiers.

$2.1B in independent film financing annually. 340K filmmakers in the addressable creator pool.

Transaction take-rate of 6%, plus a 1% ongoing revenue share on funded projects.

$1.1M GMV in first 9 months. 14 films funded. 23K verified fan-investors. Two films have returned principal to investors.

$3M seed at $14M post.