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The valuation was $9 million post-money. With that round of funding we expanded the team and launched many product improvements. Spend on the platform in 2021 was $1.9 million. In 2022 I am forecasting $2.7 million in lesson and subscription purchases on Skillest."},{"question":"Hi Brian, do you have a model that you'd be happy to share? It'd be good to understand budget vs actuals for the year, plus a forecast for the next 3-5. Thanks","answer":"I'm sharing projections here for 2023 to 2025. The key for us right now is to grow revenue and increase our margins. We will accomplish this through a new revenue model we are launching. We are charging coaches $49/month to use the Skillest platform. This is in addition to the 15% service fee we charge students who buy lessons and subscriptions on Skillest. We've heard from many coaches that Skillest has changed their lives. We give coaches the ability to make more money and have more flexibi..."},{"question":"The financials seem to project a good growth curve but what I do not understand is if this is an app or if it runs on a VR perspective like the cycing thing that has been making the rounds.","answer":"We are a service which runs across all platforms. Students can access Skillest from the web, Google Play, or the App Store. Skillest is more than a match making service that connects golfers and golf instructors. We provide all the tools to help golf coaches market their services, convert their followers to paying customers, give lessons remotely, and communicate with their students. We are focused on golf coaches today, but we believe the platform could be useful across many different vertic..."},{"question":"Hi, in terms of your distribution strategy, are you intending to sell direct to consumers (i.e., golfers buy via ecommerce) or do you plan to sell to golf instructors who in turn sell to their students, and if so, how? Thanks, and regards. This product is wonderfully simple an...","answer":"Hi Mark - This is a great question. Our plan is to do a little bit of both. But our primary focus is on selling directly to the instructors. Skillest is a platform that helps instructors make more money and save more time. And time + money = freedom! One of our competitive advantages is that coaches rely on Skillest to grow their business. Because of that, coaches promote Skillest more than they promote any other product they use. You can see this on social media, YouTube, podcasts, etc. Skil..."},{"question":"Hi. What is your 2022 and YTD revenue and MRR? Also, I know Skillest is currently focused on golf, what is the plan and timeline to expand to other sports?","answer":"I'm including answers below. Please keep in mind these are not audited by an accountant yet. * In 2022 we had $2.7 million in revenue on our platform. * Jan 2023: $284K, Feb 2023: $319K, Mar 2023: 368K ( month is not complete yet ). We charge coaches $49/month to use Skillest. In March 2023, we had 413 active coach subscribers and $20,100 MRR."}],"recent_posts":[{"id":163468,"entity_id":"wefunder:feed_item:163468","title":"Your Last Chance To Invest In The Future Of Sports Coaching","preview":"Thank you to the\u0026nbsp;245 investors\u0026nbsp;who have helped Skillest raise over\u0026nbsp;$420,000. Coaches, students, friends, and successful entrepreneurs have all come together to support Skillest's growth.\u0026nbsp;Our fundraise officially ends on April 30th at 11:59PM ET.\u0026nbsp;\u0026nbsp;So this is the\u0026nbsp;last email you will get, inviting you to join our community fundraise.\u0026nbsp;Invest Now For As Little As $100 \u003e\u003eHere is why you should consider investing in Skillest:You have used Skillest, either as a...","published_at":"2023-04-29T18:42:11Z","canonical_url":"https://wefunder.com/feed/163468"},{"id":163366,"entity_id":"wefunder:feed_item:163366","title":"Invest In The Future Of Sports Coaching!","preview":"In June 2022, Skillest had $1 million in cash and a monthly burn rate that peaked at over $100,000.We had 10 months of funding left and it was clear that fundraising was going to get tougher.I was stressed because we weren't growing fast enough and we would run out of money unless we made major changes.We needed to cut costs, grow revenue more quickly, and raise more funding, all at the same time.I focused on cutting costs first because that was a change completely in our control. 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We built ...","published_at":"2023-04-20T07:51:30Z","canonical_url":"https://wefunder.com/feed/163154"},{"id":159795,"entity_id":"wefunder:feed_item:159795","title":"New Revenue Model For Skillest","preview":"We are in a challenging economic environment and it's especially challenging for startups that are raising funding. Investors are looking for companies that have high growth rates along with a sustainable business model. But many early stage startups don't know how they will make money. They are still trying to grow their brand awareness, usage, and figure out how to get to product market fit. Skillest has already solved many of these challenges!1) We have product market fit - students love S...","published_at":"2022-12-07T20:56:31Z","canonical_url":"https://wefunder.com/feed/159795"},{"id":159224,"entity_id":"wefunder:feed_item:159224","title":"It's The Final Phase 🚀 (action required)","preview":"Skillest Investors - The moment we've been waiting for has finally arrived. The paperwork has all been filed ( finally 🙏 ) and there's one final step you need to do to complete your investment. It is now time to confirm your reservation so you can officially become an investor in Skillest!🚨 ACTION REQUIRED: Though you've committed to becoming an investor, it's not complete if you have not followed the steps at: https://wefunder.com/portfolio Once there, you will be notified if there's anythin...","published_at":"2022-11-09T08:58:39Z","canonical_url":"https://wefunder.com/feed/159224"}],"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-16T06:00:08Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-16T05:02:31Z","as_of":"2026-06-16T06:00:08Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-16T05:02:31Z","as_of":"2026-06-16T06:00:08Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-06-01T02:28:26Z","as_of":"2026-06-16T06:00:08Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-06-01T02:28:26Z","as_of":"2026-06-16T06:00:08Z","confidence":"medium"}}}}}}