Not Currently Funding |Offering: Reg A+ by Dalmore Group
VidAngel
*People includes all persons who have submitted subscription materials. Amount raised is an estimate that includes subscriptions, however not all such amounts have been accepted or closed, and some subscriptions may not be accepted.
Overview
About VidAngel
Friends of VidAngel,
VidAngel exists to help you make entertainment good for your home.
What is good for each of our homes is a personal choice. We’ve long known the motto “Be our guest.” At VidAngel, we believe “We’re your guest.”
After all, it’s your home.
You choose how to watch. In 2013, we started developing software that was essentially a pre-programmed streaming remote. We have now gone through 6 successive attempts to build your skipping software. In each iteration, we hit a wall. We were sued over iteration number four, struggled through bankruptcy, and today Disney continues to oppose iteration number 6. We’re continuing to push through that for you, and in the meantime, we’re providing access to arguably the most exciting content of the COVID-19 era, produced by Netflix, Amazon and other streaming services. Watch however the BLEEP you want.
You choose what we make. In 2017, armed with the data around the skip choices families are making, we launched Dry Bar Comedy. Over 300 comedians have now performed, fine-tuning their sets to the audience and receiving bonuses for better serving you. Additionally, with the help of 19,000 of you, we funded, produced, and distributed the award-winning dramatic series The Chosen.
And you have responded. Dry Bar has over 2 billion views. The Chosen is offered globally, in dozens of languages, has fifty million views, and millions of dollars in revenue via its own app. It has been the #1 series on VidAngel for months.
We hear you.
Thank you for trusting VidAngel as a guest in your home. We aim to build an entertainment company that centers around your kingdom, not ours. The best days are yet ahead.
Onward, Neal Harmon Co-founder & CEO
Neal Harmon
Neal has served as VidAngel’s Chief Executive Officer since he helped co-found the Company in 2013. Neal worked for Orabrush, Inc. from 2009 to 2013, a company he co-founded, where he served in such capacities as Chief Operating Officer and as a member of the board. He's a co-founder of the Harmon Brothers advertising agency, which has helped clients drive over $350 million in sales with over 1.3 billion views. Neal received his master’s degree from Brigham Young University in Instructional Psychology and Technology in 2002, and his undergraduate degree from Brigham Young University in American Studies in 2001.
Jeffrey Harmon
Jeffrey is a co-founder and Chief Marketing Officer of the Company. He co-founded Orabrush, Inc. in 2009 and served as its CEO from 2009-2010. He continued to serve as Chief Marketing Officer and Co-Founder of Orabrush from 2010 to 2013. He's a co-founder of the Harmon Brothers advertising agency, which has helped clients drive over $350 million in sales with over 1.3 billion views. He currently advises other start-up companies and concepts. He attended Brigham Young University from 2006 to 2008, where he studied business marketing, traditional marketing, internet marketing and business administration.
Liz Ellis
Liz has served as Chief Operating Officer and now President since 2015, where her duties include overseeing all operating procedures and staffing. From 2009 until she joined us, Liz was the Director of Human Relations and Office Manager at Orabrush, Inc., where she oversaw personnel and was responsible for various operational tasks. Liz holds a B.S. from Brigham Young University.
Paul Ahlstrom
Paul joined as our director in 2014. Paul has served as Managing Director of Alta Ventures Mexico Fund I, LP since 2010, where his responsibilities include all aspects of investor relations, evaluating a business’s products or services for potential investment opportunity, creating deal flow, negotiating the terms and conditions in financing rounds, serving as a board member of portfolio companies, and preparing financial statements and financial analysis. Over his career, Paul has directly participated in more than 125 venture capital investments and previously represented vSpring Capital on the boards of Ancestry.com, which was sold in 2007 to a private equity firm and went public in 2009 (NASDAQ:ACOM), Senforce, which was sold to Novell (NASDAQ: NOVL), and Altiris (NASDAQ:ATRS), which went public and was then sold to Symantec. (NASDAQ: SYMC), GlobalSim and Aeroprise. Mr. Ahlstrom has also served as an advisor and board to many successful venture-backed startups including Rhomobile sold to Motorola, SpaceMonkey, SendMi, Convert.com and Jott. Paul is the author of the popular book related to business startups, Nail It Then Scale It, and received his B.A. in Communications from Brigham Young University.
FAQ
With your investment, we plan to:
- Keep building the crowdfunding system for stories the film industry won’t make.
- Build a streaming app where those movies and shows can live.
- Help us continue to grow our audience.
First, we set aside a portion of those funds to secure our ability to take our case to the Supreme Court (but we and our investors decided to settle the case and start making the films we want ourselves).
Second, we now have a system that filters content from Netflix, Amazon, HBO, Starz, Showtime, and CBS All-Access. This new system is not tied up in the current legal battle.
Third, we launched our standup channel, Dry Bar Comedy. When we did, people said we were nuts. Now we have over 200 comedians, over 2 BILLION views, millions of followers, an XM Radio partnership, a national tour, and a top app in the app store. Dry Bar Comedy reached cash flow positive last year and has been a runaway success.
Fourth, we created VidAngel Studios, our own studio, to bring original content to our service. Our first collaboration broke the record for the largest crowdfunded media project ever (see Hollywood Reporter). 19 thousand people invested over $10 million dollars in our first original series, The Chosen, which now enjoys a higher rating on IMDb than Breaking Bad, Stranger Things, or Game of Thrones. It already has over 60 million views and is generating enough sales to produce at least one season per year.*
Fifth, moving forward, we have partnered with VAS Portal, LLC, a crowdfunding portal, to help fund other projects and bring them to our streaming platform under our studio brand “VidAngel Studios” as original content. We initially created VAS Portal, LLC in 2018. We subsequently loaned VAS Portal, LLC $100,000, in the form of a promissory note, with interest at 2.89%, and an initial maturity date of January 2, 2020, which has since been extended to June 30, 2021. In early 2019, VAS Portal, LLC was sold to Harmon Ventures, LLC, which is owned indirectly by our CEO, Neal Harmon, and two of his brothers, Jeffrey and Daniel Harmon. At the time of the sale, we entered into a call option agreement, which allowed us to acquire all of the membership interests in VAS Portal, LLC for $1 subject to the confirmation of the reorganization plan by the Bankruptcy Court in connection with our ongoing litigation. We have entered an agreement to acquire VAS Portal, LLC, pending FINRA approval of the transaction.
Finally, we are in the process of creating a broker dealer for larger media projects with budgets of up to $50 million per year, again pending FINRA approval. We currently own Studio Brokerage, LLC as a wholly-owned subsidiary.
*The Chosen is not affiliated and is not a part of current or prospective investors’ investments in VidAngel.
Yes. But we decided to settle the lawsuit with Disney and Warner Bros so we can focus on making and distributing better stories for our audiences than they do. If they won’t work with us, we plan to replace them.
You may invest as many times as you like until you reach your annual investment limit under Regulation A. For Tier II Regulation A offerings, non-accredited investors cannot invest more than 10% of the greater of their annual income or net worth.
If VidAngel makes a distribution of profits (instead of putting it back into the business to grow it bigger), then yes. As an owner of VidAngel, you would be entitled to your share of distributed profits. Keep in mind that this investment is extremely risky; however, if you are a previous investor in VidAngel, it could help protect your original investment.
With your investment, we plan to:
- Keep building the crowdfunding system for stories the film industry won’t make.
- Build a streaming app where those movies and shows can live.
- Help us continue to grow our audience.
You may invest as many times as you like until you reach your investment limit under Regulation A. For Tier II Regulation A offerings, non-accredited investors cannot invest more than 10% of the greater of their annual income or net worth.
No. Although no law limits the minimum amount of money you can invest as an individual, transaction costs related to the purchase of the units, and ongoing maintenance make accepting investments less than $211.75 unreasonable.
Our ability to offer our stock to the public is possible due to recent legislation known as Regulation A in the Jobs Act. This same law limits the amount that investors can purchase based on your annual revenue and net worth.
VidAngel has authorized for issuance up to a total of 5,903,187 shares as part of this offering. For further capitalization information please see our Offering Circular.
Yes. As part of Regulation A, VidAngel is required to file semi-annual, annual and current reporting for certain events with the Securities and Exchange Commission. VidAngel investors will also continue to receive regular investor updates via email to let you know all the latest news of the company.
Yes.
Offering
*People includes all persons who have submitted subscription materials. Amount raised is an estimate that includes subscriptions, however not all such amounts have been accepted or closed, and some subscriptions may not be accepted.