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Stepstone Art Resources, LLC

Software & AI · Marketplace · Richmond, MA · Founded 2015

Global platform for artists using matching and data science to connect them with art buyers

Valuation cap ⓘ
$6.0M
As of Mar 2023 · from Reg CF Offering (2023) · a SAFE/note conversion ceiling, not a priced valuation
Total raised
$359,009
Crowd $138K · Private $222K · 5 rounds since 2018

Financials

FY2016–FY2022 · from SEC filings · hover any figure for its source
$0
−$146K
2016
$0
−$146K
2017
$63K
−$385K
2018
$144K
−$196K
2019
$93K
−$53K
2020
$106K
−$79K
2021
$117K
−$219K
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed*
FY2018
FY2019
FY2020 audited*
FY2021 audited*
FY2022
Income statement
Revenue
$0
$0
$63,393
$143,800
$92,946
$105,892
$116,651
Cost of goods sold
$0
$0
$0
$0
$8,858
$20,535
$43,109
Gross margin
—
—
100%
100%
90%
81%
63%
Net income
-$146,113
-$146,113
-$385,009
-$196,191
-$53,488
-$79,307
-$218,824
Taxes paid
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$68,406
$68,406
$38,523
$4,750
$4,228
$9,669
-$12,877
Accounts receivable
$0
$0
$0
$0
$0
$0
$0
Total assets
$68,406
$68,406
$187,690
$138,917
$68,617
$60,058
$27,586
Short-term debt
$12,720
$12,720
$376,951
$70,113
$28,782
$24,320
$149,580
Long-term debt
$240,000
$240,000
$0
$523,747
$469,445
$441,093
$428,768
Total liabilities
$252,720
$252,720
$376,951
$593,860
$498,227
$465,413
$578,348
Other
Headcount
—
1
1
4
—
0
0

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

Valuation caps on SAFE / convertible note rounds
$4.5M
Valuation cap
$6.0M
Valuation cap
Reg CF · Note · Oct 2020
Reg CF · SAFE · Jan 2023

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Cap table

Principal holders% as the filing states it, Aug 24, 2020

  • Brendan Burns61.2%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

Reg CF · SAFE · Jan 2023Closedvia Republic
Raised $40K / $1.2MInvestors 79Valuation cap $6M
Raised $34.5K / $535KValuation cap $4.5M
Reg CF · Convertible Note · Oct 2018Closedvia FIRST DEMOCRACY VC
Raised $63.1K / $1.1M

Team

1 person
Brendan Burns
Chief Executive Officer

Names and titles as disclosed on 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 3 of 8 annual reports (FY2018–FY2025)

79 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-ARApr 28, 20230001746271-23-000005
    EDGAR
  • Form C-TRApr 28, 20230001746271-23-000006
    EDGAR
  • Form C-UMar 24, 20230001746271-23-000004
    EDGAR
  • Form CJan 17, 20230001746271-23-000003
    EDGAR
  • Form CSep 16, 20200001746271-20-000002
    EDGAR
  • Form C-ARAug 24, 20200001746271-20-000001
    EDGAR
  • Form C-ARMay 1, 20190001746271-19-000002
    EDGAR
  • Form C-UDec 21, 20180001746271-18-000006
    EDGAR
Source: ManualCIK 0001746271MA

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.