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DudeRobe

Operating

Dude Apparel Inc.

Beauty & Fashion · Fashion & Apparel · Hempstead, DE · Founded 2017

Next generation robe & loungewear

Post-money valuation ⓘ
$12.7M
As of Mar 2022 · from Reg CF Offering (2021) · pre-money + amount raised, not a traded price
Total raised
$243,799
Across 1 round since 2021
Latest share price
$5.00
Reg CF · Common Stock · Sep 2021 offering price

Financials

FY2019–FY2021 · from SEC filings · hover any figure for its source
$124K
$12K
2019
$1.0M
$218K
2020
$1.9M
$157K
2021
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2019 reviewed
FY2020 reviewed
FY2021
Income statement
Revenue
$124,482
$1,039,356
$1,852,702
Cost of goods sold
$93,529
$440,264
$854,063
Gross margin
25%
58%
54%
Net income
$11,898
$217,712
$157,067
Taxes paid
$0
$0
$0
Balance sheet
Cash
$983
$37,058
$81,753
Accounts receivable
$0
$0
$1,692
Total assets
$37,983
$281,530
$593,761
Short-term debt
$51,000
$20,564
$1,688
Long-term debt
$0
$60,734
$203,324
Total liabilities
$51,000
$81,298
$205,012
Other
Headcount
—
1
1

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
$12.5M
pre-money
Reg CF · Common · Sep 2021

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

Cap table

Principal holders% as the filing states it, Aug 23, 2022

  • Howie Busch100.0%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 $243.8K / $1.1MInvestors 253Post-money $12.7M

Team

1 person
Howie BuschFounder
Chairman, President & CEO

An Entrepreneur, Inventor, Advisor and Attorney, Howie Busch is the Founder & Dude-in-Chief of DudeRobe, where he created a cooler bathrobe and loungewear for men…and appeared on Season 9 of ABC’s Shark Tank. When he came up with his “crazy” idea for a cooler bathrobe for guys, he launched a Kickstarter campaign to test the market. One week later, Shark Tank approached him. And less than three months later, with no product even in the country yet, he was pitching to the Sharks. Several NBA teams have ordered for their locker rooms simply because DudeRobe's a better locker room alternative. Teams include the New York Knicks, Brooklyn Nets and Utah Jazz. Notable players with DudeRobe gear include NBA MVP Giannis Antetokounmpo of the Milwaukee Bucks, perennial All-Star Kyrie Irving and Dallas Cowboys star Quarterback Dak Prescott. Prior to launching Dude Apparel Brand, Busch developed innovative products and licensed them to industry leaders. His career highlights include: Negotiating UNDER ARMOUR’S first pro sports licensing deal (NFL), negotiating several World Series of Poker contracts with ESPN and helping his NFL cient Bill Goldberg get and become one of the biggest names in professional wrestling. As an inventor/product developer, his products have been sold in Walmart, Bed, Bath & Beyond, Amazon, Fanatics and in airports around teh world. He has spoken at the US Patent & Trademark Office on innovation, entrepreneurship and product development multiple times, as well as at major universities. And he is a proud University of Michigan alum.

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 requiredFiled Form C-TR (terminated reporting)

Filed 1 of 5 annual reports (FY2021–FY2025)

253 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-TRAug 24, 20220001665160-22-002283
    EDGAR
  • Form C-ARAug 23, 20220001665160-22-002268
    EDGAR
  • Form C/ANov 15, 20210001665160-21-002025
    EDGAR
  • Form C/AOct 20, 20210001665160-21-001852
    EDGAR
  • Form CSep 29, 20210001665160-21-001716
    EDGAR
Source: ManualCIK 0001880327NYShare 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.