Asset Entities Inc.
General Information | |
Business: | Asset Entities is a technology company providing social media marketing and content delivery services across Discord, TikTok and other social media platforms. (Incorporated in Nevada) We also design, develop and manage servers for communities on Discord. Based on the rapid growth of our Discord servers and social media following, we have developed three categories of services: (1) our Discord investment education and entertainment services, (2) social media and marketing services, and (3) our AE.360.DDM services. All of our services are based on our effective use of Discord as well as other social media, including TikTok, Twitter, Instagram and YouTube. Our Discord investment education and entertainment service is designed primarily by and for enthusiastic Generation Z, or Gen Z, retail investors, creators and influencers. Gen Z is commonly considered to be people born between 1997 and 2012. Our investment education and entertainment service focuses on stock, real estate, cryptocurrency, and nonfungible tokens, or NFTs, community learning programs designed for the next generation. While we believe that Gen Z will continue to be our primary market, our recently expanded Discord server offering also features education and entertainment content covering real estate investments, which is expected to appeal strongly to older generations as well. Our current combined server user membership is approximately 270,000 as of June 2022. During the quarter ended June 30, 2022, we received revenue from 723 paying subscribers. We define “members” as all Discord users who join any of our Discord servers, regardless of whether they subscribe to our premium content, and “paying subscribers” as members who pay a fee to subscribe to our premium Discord content. Our social media and marketing services utilize our management’s social influencer backgrounds by offering social media and marketing campaign services to business clients. Our team of social influencer independent contractors, which we call our “SiN” or “Social Influencer Network”, can perform social media and marketing campaign services to expand our clients’ Discord server bases and drive traffic to their businesses, as well as increase membership in our own servers. Our “AE.360.DDM, Design Develop Manage” service, or “AE.360.DDM”, is a suite of services to individuals and companies seeking to create a server on Discord. We believe we are the first company to provide “Design, Develop and Manage,” or DDM, services for any individual, company, or organization that wishes to join Discord and create their own community. With our AE.360.DDM rollout, we are uniquely positioned to offer DDM services in the growing market for Discord servers. We believe that we are a leading provider of all of these services, and that demand for all of our services will continue to grow. We expect to experience rapid revenue growth from our services. We believe that we have built a scalable and sustainable business model and that our competitive strengths, some of which are discussed below, position us favorably in each aspect of our business. **Note: Revenue and net loss figures are for the 12 months that ended June 30, 2022. (Note: Asset Entities Inc. filed its S-1 on Sept. 2, 2022, for an initial public offering of Class B common stock, without disclosing any terms; it submitted confidential IPO documents to the SEC on May 2, 2022.) |
Industry: | Services - Pre-Packaged Software |
Employees: | 34 |
Founded: | 2020 |
Contact Information | |
Address | 100 Crescent Ct, 7th Floor Dallas, TX 75201 |
Phone Number | (214) 459-3117 |
Web Address | https://www.assetentities.com/ |
View Prospectus: | Asset Entities Inc. |
Financial Information | |
Market Cap | |
Revenues | $0.62 mil (last 12 months) |
Net Income | $-0.34 mil (last 12 months) |
IPO Profile | |
Symbol | ASST |
Exchange | NASDAQ |
Shares (millions): | 0.0 |
Price range | $0.00 - $0.00 |
Est. $ Volume | $17.0 mil |
Manager / Joint Managers | Boustead Securities |
CO-Managers | |
Expected To Trade: | |
Status: | TBA |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |