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1985 GAMES

Operating

1985 Games Inc.

Media & Entertainment · Portland, OR

A Better Way to Game in Real-Time

Post-money valuation ⓘ
$15.9M
As of Jul 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$85,756
Across 1 round since 2023
Latest share price
$5.00
Reg CF · Common Stock · Mar 2023 offering price

Financials

FY2020–FY2022 · from SEC filings · hover any figure for its source
$633K
−$403K
2020
$1.5M
$80K
2021
$899K
−$219K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2020 reviewed*
FY2021 reviewed*
FY2022
Income statement
Revenue
$632,519
$1,529,915
$898,734
Cost of goods sold
$358,332
$687,327
$250,794
Gross margin
43%
55%
72%
Net income
-$402,644
$79,858
-$219,223
Taxes paid
$150
$0
$0
Balance sheet
Cash
$87,219
$219,524
$138,543
Accounts receivable
$3,446
$591
$1,011
Total assets
$328,797
$301,344
$174,597
Short-term debt
$764,859
$33,010
$134,184
Long-term debt
$0
$385,500
$385,500
Total liabilities
$764,859
$418,510
$519,684
Other
Headcount
—
6
6

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$15.8M
pre-money
Reg CF · Common · Mar 2023

Blue bars are the pre-money valuation the company stated for a priced round.

Cap table

Principal holders% as the filing states it, Mar 8, 2023

  • Jeremiah Crofton50.0%of company
  • Lenny Gotter50.0%of company

Sold to the crowd

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $85.8K / $1.2MInvestors 152Post-money $15.9M

Team

9 people
Jeremiah CroftonFounder
Creative Director, Secretary, and Director

Jeremiah Crofton is the heart of 1985 Games. As the Creative Director and Product Leader, Jeremiah believes a good product starts with recognizing gaps in the market and crafting great products to fit in those gaps. He feels that his work is not complete until the community is happy with 1985 Games products. He focuses his time on designing new releases for the company and truly enjoys the craft of it. It is important to him that even the smallest products receive the right amount of time in development. This means that extensive time and energy are put into every step of a product’s design. His goal is to make certain that 1985 Games’ customers and community feel like each product is worth having. Jeremiah brings his extensive experience in the tabletop industry from over half a decade working in the gaming space at trade shows and his time spent working with game stores directly at Dark Horse Comics.

Lenny GotterFounder
President, CEO, and Director

Lenny Gotter founded 1985 Games in 2019. Under his leadership as CEO, the company has consistently executed a series of successful product launches on Kickstarter as well as building a fulfillment and distribution network in the US and abroad. An avid gamer since 1985 he loves to run and play role playing games as time permits. When he saw Jeremiah Crofton’s ideas for Dungeon Craft he immediately saw the opportunity. Lenny has spent his life identifying opportunities ahead of the curve. As a trailblazing entrepreneur, Lenny founded Eastside Distilling Inc. in 2008. He served as the CEO up until June 2014 and then board member until 2016. During his time there, Eastside Distilling grew every year and in 2013 achieved $830K in sales and profitability. At that point he secured $2 million in investment as part of a reverse merger, which would eventually lead the company to being listed on NASDAQ in 2017 under the symbol, EAST. Additionally, Lenny operates his own private consulting firm where he advises clients on building a successful business in the spirits or related industries. He brokers sales of companies and scouts acquisitions for major brands. He brings extensive experience in marketing and sales, product development, and strategic thinking to all of his clients. In 2020 he advised Skunk Brothers Spirits on a successful $1 million dollar Start Engine fundraise.

Benjamin Bennett
Sales Manager

Benjamin Bennett has over 20 years experience in sales and sales management working with some of the top beverage alcohol brands, Importers and wholesalers. Living in southern Arizona he operates a small marketing company and manages our retail relations. When not helping our clients and developing new retail outlets he enjoys birding and things with two wheels.

Christopher Jayawardena
Lead Videographer

With years of experience in Portland's independent film community, Christopher's multifaceted skill set allows for unique perspectives, while keeping up with the cutting edge of media. He has worked as a cinematographer, editor, and behind-the-scenes videographer on various independent productions, with more skillsets he's developed in between. This breadth of experience is invaluable for keeping up with current trends, while his vast knowledge of movies and stories brings new possibilities to the table.

Justus Hughes
Operations Manager

Justus is a lifelong gamer, beginning with Monopoly in grade school and evolving his tastes as new gaming experiences were discovered. He has been working in the gaming industry for six years. Before that, he was a combat veteran and an instructor for the US Air Force. He has extensive experience with the management of operations, logistics, events, community management, and world-wide coordination of staff, stock, and sales channels.

Kym Albro
Digital Marketing Strategist

Kym Albro is a social media wizard and Google Ads guru with 9 years of experience. She volunteers her time by helping local non-profits create a digital presence in her community

Shelby Ann Davis
Content Strategist

Shelby Ann Davis is the content strategist at 1985. While new to TTPRGs, she has played board games for 3 years and been a fangirl for life. She mostly contributes to the 1985 Games blog and Reddit, but also picks up side quests along the way. On her freetime, she writes for her blog and edits her fantasy novel.

Brittani-Pearl Eaton-Koch
Advisor

Brittani-Pearl Eaton-Koch first discovered the joys of tabletop gaming in the fourth grade, when her uncle went off to college and made the mistake of storing his Magic: The Gathering cards, Dungeons & Dragons books, and Star Trek goodies in her closet. Depending on who you ask, it was either all downhill or uphill from there. As Secretary of her school’s Dungeons & Dragons club and a three-year varsity cheerleader, Brittani-Pearl has long combined her love of geek culture with her talent for spreading the word and building hype. Her time in academia left her with a B.S in B.S. (and Chemistry) and a Masters in Cell & Molecular Biology. Luckily for the world at large, she turned away from this obvious supervillain origin story and put her extensive research skills to work in the gaming industry.

Chris R. Rappley
Advisor

Chris R. Rappley has spent his life building businesses and working with creators, artists, inventors, and makers to build their dreams. In the ‘90s, he was advising and developing startups in Israel during the first tech boom. He then spent the ‘00s at the John F. Kennedy School of Government at Harvard University. After escaping academia, he has advised a variety of firms and academic labs in bio-tech, healthcare, and educational services. After spending decades as a dedicated game player, actually working with the games industry was a refreshing change of pace. He founded Other Stuff Games (OSG) as a Public Benefit Corporation dedicated to working with independent designers, artists, creators, and publishers to develop sustainable business models and the strategy and planning to grow and develop these businesses. His team at OSG works with clients ranging from pre-revenue creators with just a dream in their pocket to established artists and creators to industry leading publishers.

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFewer than 300 holders of record

Filed 1 of 4 annual reports (FY2022–FY2025)

152 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UJul 10, 20230001665160-23-001497
    EDGAR
  • Form C/AMay 15, 20230001665160-23-001251
    EDGAR
  • Form C/AApr 27, 20230001665160-23-000909
    EDGAR
  • Form C-ARApr 26, 20230001665160-23-000824
    EDGAR
  • Form CMar 8, 20230001665160-23-000380
    EDGAR
Source: ManualCIK 0001966660DEShare price $5.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.