We want to thank you again for your trust in hobbyDB and what we are working on to achieve. On behalf of our entire team, we are wishing you all safety and wellness, especially during these uncertain times.
Rest assured that we are committed to keeping hobbyDB running smoothly throughout this crisis and are dedicated to providing fun experiences that encourage you to escape into your fandoms and take a little break from what’s currently going on in the real world.
As you may have seen, late last year, we decided to open our doors to the collecting community and give our dedicated members a chance to own a piece of hobbyDB. Since then, we’ve raised more than $100,000 and have over 280 collectors that now own a piece of hobbyDB. The support from you all has been amazing and we’re forever grateful, especially as we have now entered into a time of uncertainty for many small businesses.
As many of you have seen in discussions all over the media, COVID-19 has had a deep impact on our financial markets and our community as a whole. As a startup, we’re always closely monitoring market trends and therefore came to the decision that our current valuation for our crowdfunding campaign might be on the high side in the months to come.
In order to stay ahead of the times and to protect our community members who have already invested, or who would like to invest in hobbyDB, we decided to adjust our valuation to reflect where the market might be going. We made this decision as we understand that everyone (including our company) is being extremely careful with where they decide to spend their money at the moment. We want to make sure that our community can have the best chance to own a piece of hobbyDB and enjoy the potential upside of their investment if everything goes as planned.
With this change, your investment now gets you close to twice the number of shares that you had with the previous valuation, as we want this to be a good deal for you. If you’re interested in learning more, you can visit our Wefunder profile here.
With your investment, we’ll be able to concentrate on building out both the collection management and price guide features to ensure they are exactly what you need as a collector and fan.
We’re now close to two weeks away from our official Crowdfunding Close, so now is the time to get in if you haven’t already. The official close date is April 17th.
We’re all in this together and know that the hobbyDB team is working extremely hard to continue to build upon our dream of documenting 100 billion collectibles, eventually. Thank you again for all of your support, we couldn’t do this without you.
All the best,
Alex, Christian, and the hobbyDB team