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Knack

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Knack Inc.

Beauty & Fashion · Barrington, RI · Founded 2018

Bags by, and for, mobile workers

Post-money valuation ⓘ
$6.7M
As of Jan 2021 · from Reg CF Offering (2020) · pre-money + amount raised, not a traded price
Total raised
$2,122,516
Crowd $111K · Private $2.0M · 5 rounds since 2018
Latest share price
$0.80
Reg CF · Common Stock · Jul 2020 offering price

Financials

FY2018–FY2020 · from SEC filings · hover any figure for its source
$109K
−$449K
2018
$686K
−$785K
2019
$588K
−$706K
2020
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019 reviewed*
FY2020
Income statement
Revenue
$109,311
$686,288
$587,852
Cost of goods sold
$40,129
$277,589
$266,723
Gross margin
63%
60%
55%
Net income
-$449,410
-$784,643
-$706,374
Taxes paid
$0
$0
$0
Balance sheet
Cash
$468,336
$414,667
$89,531
Accounts receivable
$13,081
$4,229
$7,889
Total assets
$741,672
$908,630
$744,904
Short-term debt
$91,078
$139,198
$58,000
Long-term debt
$876
$1,224
$150,000
Total liabilities
$91,954
$140,422
$208,000
Other
Headcount
—
3
3

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
$6.5M
pre-money
Reg CF · Common · Jul 2020

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

Share price over rounds

log scale
$0.80$0.0237$0.0007
Sep 2018Jul 2020
Round offering price or verified disclosed saleDisclosed sale, unverified or year-onlyDown round · Sep 2018 (-62.2%) · Aug 2019 (-99.5%)

Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Principal holders% as the filing states it, Apr 10, 2023

  • Charles S. Mellen1,900,000 Common Stock22.1%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 $258.4KInvestors 13
Raised $111K / $1.1MInvestors 177Post-money $6.7M
Raised $653.1KInvestors 11
Raised $850KInvestors 3
Raised $250KInvestors 3

Team

12 people
Chad Mellen
Founder and CEO

Chad has spent over 30 years in the branded luxury and premium accessory and retail industries. He has held CEO, President, CMO, VP Sales and Director roles across a number of iconic American and International consumer brands such as Tumi, Coach and Cross pens. As a senior executive, he has led two successful exits to private equity firms and has experience working across private, public and private equity-owned companies.

Charles Mellen
CEO, Principal Executive Officer and Director, Principal Financial Officer and Principal Accounting Officer
Keith Bristol
Chief Digital Officer

Keith has spent over 20 years in the direct-to-consumer ecommerce industries. He has held COO, President, VP of Product and Director roles across a number of ecommerce consumer brands such as eBags, Tumi and UsingMiles. In these roles he has led three startups that became high growth companies or progressed to a successful exit.

Rachel Mellen
Director of Customer Experience

Rachel has spent over 10 years in the medical product, pharmaceutical, and direct to consumer industries. She has held sales support and inside/outside sales roles at Millstone Medical and Siegfried AG. Her focus on customer service in these roles has culminated in managing world class customer service groups for B to C corporations.

Brianne Huntsman
Social Media/Communications (consultant)

Brianne has a diverse background ranging from design to engineering to marketing. She uses her skillset to advise companies on their organic social media strategy and communications. Her analytical skills applied mainly to ecommerce and B to C clients. Brianne consults with Knack approximately 52 hours per month.

Carol Tseng
Development Director (consultant)

Carol has over 30 years of experience with Asian sourcing. She has overseen Asian sourcing for brands like Samsonite. She was also a Sales Manager for Yamani, OEM for global brands. Carol consults with Knack approximately 60 hours per month.

Melody Taylor
Marketing Manager (consultant)

Melody is skilled in copywriting, email creation, social strategy, affiliate strategy and media buying. She has overseen social media and affiliate marketing for Tuesday Morning as well as the Baptist General Convention of Texas. Melody consults with Knack approximately 120 hours per month.

Scott Boulis
Digital Acquisition (consultant)

Scott has a deep understanding of scaling digital acquisition for DTC ecommerce companies. He previously managed the paid social channel for Teespring and Luca + Danni. He is also the founder of I Made Bogey, a DTC golf company. Scott consults with Knack approximately 54 hours per month.

Zeke Camusio
Marketing Director (consultant)

Zeke is a serial digital entrepreneur with over 20 years experience running digital strategies for data-driven startups. He founded and later sold Digital Aptitude, a digital marketing agency with over 100 clients. He has been involved in over a dozen startups, and is currently the founder of Data Speaks, a boutique analytics agency that helps ecommerce brands find the hidden profit in their data. Zeke consults with Knack approximately 20 hours per month.

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Bill Daugherty
Director

An entrepreneur and early stage investor, Bill is currently the co-owner and CEO of Seven Stars Bakery, LLC a growing chain of artisanal bake shops and cafes. Prior to Seven Stars, Bill was Executive Chairman of ANC Inc which designs, installs and operates digital signage systems for sports teams and high profile retail and commercial properties. Prior to ANC, Bill was the Founder and co-CEO of Interactive Search Holdings, which grew to become Google's 3rd largest search distribution partner and which he sold in 2004. Previously, Bill served as Sr. Vice President of Business Development for the National Basketball Association.

Larry Lein
Director

Larry has worked in the travel goods industry for over 30 years. He is currently co-founder and CEO of ROAM Luggage, an innovative new travel company. Larry spent most of his career at Tumi Inc. where he was responsible for the sales and marketing functions for many years. After Tumi, he became a principal at Compass Partners International. He started his career as a partner with Kurt Salmon Associates, an international strategy consulting firm focused on fashion-influenced consumer products.

Mark Abrahm
Director

Mark is currently the Managing Partner of New Street Investment Partners, an investment firm focused on opportunities typically outside the criteria of institutional investors. Prior to New Street, Mark formed Forsite Capital, a real estate investment firm which also provided certain advisory services. He was also a founding partner of Gulf Stream Asset Management, a Charlotte, NC-based manager of corporate-credit assets. With approximately $3.5B of assets under management, Gulf Stream was sold to Apollo Global Management in October of 2011.

Names and titles as disclosed on StartEngine, SEC Form C. 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 6 annual reports (FY2020–FY2025)

177 investors
holder-count proxy

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

  • Form C-TRApr 10, 20230001665160-23-000569
    EDGAR
  • Form C-ARApr 10, 20230001665160-23-000568
    EDGAR
  • Form DMar 29, 20210001753286-21-000001
    EDGAR
  • Form C-UJan 19, 20210001665160-21-000103
    EDGAR
  • Form C/AOct 15, 20200001665160-20-001283
    EDGAR
  • Form CJul 20, 20200001665160-20-000967
    EDGAR
  • Form DSep 5, 20190001753286-19-000001
    EDGAR
  • Form DOct 3, 20180001753286-18-000002
    EDGAR
Source: ManualCIK 0001753286DEShare price $0.80

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.