Can you speak to why you chose to do a SAFE instead of common? Since this is a SAFE, what triggers/conversion terms are in place? Will there be any voting rights or dissolution guarantees with my investment?

Hi there! Thanks for the question. We are doing offering a SAFE this round as a bridge from our Series A. The SAFE keeps things really simple - and when we raise a priced round in the future (which we hope to do in 18 - 36 months), your SAFE will convert into Preferred Stock. Preferred Stock is the class of stock that VCs / outside investors typically get, so that's better for you all than if we'd offered Common Stock. Through all of that, your investment will be held in an SPV (which is an e...

Hello, congrats on $350 million in lifetime revenues. Very impressive, especially in a crowded fitness space. A couples of questions: 1. What is your customer retention rate, how long they stay with you, and customer acquisition cost?, 2. Why do you think customers stick with ...

Our customers typically stay with us 18 months for outdoor fitness and nutrition is brand new, but we are expecting 8-9 months. We have plans to offer bundled memberships to extend the lifetime value of our nutrition customers. Our retention is tied to the relationship with the trainer and having an affordable offering, along with offering contracts with discounted membership terms. Yes, total revenue includes what our customers pay, and our gross margins after paying trainers are around 26-2...

Is there a way to get a copy of the Prospectus? also would like to see more detailed financials - the ones provided in the auditor report are extremely high level.

Hey GW! My understanding of a Reg C is that the entire WeFunder page/slides/video is in effect "the prospectus". We have audited financials for 2020 and 2021 and can make those available with the signing of an NDA. Another great step would be to have a call with someone from our team that can answer questions you may have! Feel free to email invest@campgladiator.com and we will get you more info!

Had it not been for the PPP and ERC government incentives related to COVID, the profit in 2020 would have only been ~$1.5M and the loss in 2021 would have been ~$3M. Also, I saw that 2022 is projecting a loss of ~$8M (unaudited). What is being done to turn the ship around and ...

Thank you for the question. As you may know, US GAAP financial statements do not always describe the core operations of a business in a helpful manner, due to nuances in financial reporting standards. A more helpful measure may be to review our EBITDA, which was $3,319,918 for 2020 and -$55,575 for 2021. Additionally, there were other one-time charges in 2020 and 2021 that impacted our earnings but are not repeating, such as costs related to an enterprise software platform we have since left,...

What do you think the IPO will be?

J Walk - These days most companies are north of 100M in revenue before they consider an IPO. For CG we would love be on that track. To have that option, we need to drive revenue by recruiting more trainers (would love to see us north of 2,000), help those trainers generate revenue through multiple programs (boot camp, nutrition coaching, online training, personal training, etc), and prove we can scale into new geographies. It will take several years but the path is there if we can execute well.

Camp Gladiator (CG) Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

1

Over $350M Lifetime Revenue

2

900k Lifetime # of Participants & Over 40M Workouts

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Launched Online Workouts In Under 30 days & Added 15k+ Members Globally In 60 Days

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Over 1.5M Online Workouts Views

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️‍ 248% Increase In Launched Trainers In '22 vs. '21

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89% Increase In Memberships For December '22 & January '23 vs. December '21 & January '22

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$10M Was Previously Raised During Series A

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9-time Inc. 5000 Honoree From 2013-2021 & Inc. Top 100 Female Founders In 2020

Camp Gladiator (CG)

The Only Turn-key Fitness & Nutrition Platform For Trainers & Consumers

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