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WORTHPOINT

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WorthPoint Corporation

Industrial & Manufacturing · Atlanta, GA · Founded 2007

Go-to-online resource for identifying and valuing fine art, antiques and collectibles

Post-money valuation ⓘ
$45.6M
As of Oct 2023 · from Reg CF Offering (2023) · pre-money + amount raised, not a traded price
Total raised
$7,142,632
Crowd $257K · Private $6.9M · 11 rounds since 2010
Latest share price
$12.00
Reg CF · Preferred Stock · May 2023 offering price

Financials

FY2014–FY2022 (no data for FY2017, FY2018, FY2019, FY2020) · from SEC filings · hover any figure for its source
$3.4M
$290K
2014
$2.8M
−$188K
2015
$2.9M
−$603K
2016
2017no data
2018no data
2019no data
2020no data
$9.4M
−$1.9M
2021
$11.0M
−$4.7M
2022
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2014 reviewed*
FY2015 reviewed*
FY2016
FY2021 audited
FY2022 audited
Income statement
Revenue
$3,417,077
$2,820,115
$2,879,539
$9,354,303
$10,997,873
Cost of goods sold
$882,039
$825,478
$1,020,520
$1,668,008
$2,044,450
Gross margin
74%
71%
65%
82%
81%
Net income
$290,353
-$188,301
-$603,206
-$1,881,109
-$4,666,071
Taxes paid
$0
$0
—
$0
$0
Balance sheet
Cash
$76,366
$92,379
$34,923
$3,051,032
$1,183,681
Accounts receivable
$132,173
$97,508
$86,766
$81,128
$151,202
Total assets
$2,413,943
$2,531,201
$2,791,963
$7,392,528
$8,156,955
Short-term debt
$82,652
$97,236
—
$2,091,069
$2,421,756
Long-term debt
$1,195,759
$483,354
—
$4,191,584
$8,965,496
Total liabilities
$1,278,411
$1,290,159
$2,066,321
$6,282,653
$11,387,252
Other
Headcount
—
8
—
—
32

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
$93.2M
est. pre-money
$45.3M
pre-money
Reg A+ · Equity · Nov 2016
Reg CF · Preferred · May 2023

Blue bars are the pre-money valuation the company stated for a priced round. Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Cap table

Share counts as of Jan 17, 2017
Series A-1 · 51.8%Series A · 10.4%Common stock · 37.8%
ClassOutstandingVotes / shareShare of totalLast price
Series A-1preferred4,385,141—51.8%—
Series Apreferred884,550—10.4%—
Common stock3,204,024—37.8%$12.00May 2023
Total8,473,715100%

Shares outstanding over timein today's share terms

8.5M4.2M0
Dec 2015Jan 2017
Common stockSeries ASeries A-1Round opened

Principal holders% as the filing states it, Jan 17, 2017

  • William Seippel518,293 Common stock22.3%of company
  • Michael Wharton361,927 Common stock12.6%of company
  • Pete Schleider323,099 Common stock11.4%of company
  • William Neal McAtee164,863 Common stock6.5%of company
  • James Sturgill17,476 Common stock1%of company
  • Rodger Ogden15,977 Common stock0.7%of company
  • Everyone else (not named in filings)45.5%

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 $256.9K / $5MInvestors 171Post-money $45.6M
Raised $250KInvestors 1
WorthPoint Common Stock 1Withdrawnvia NORTH CAPITAL PRIVATE SECURITIES CORPORATION
Raised — / $1M
Reg A+ · Equity · Nov 2016Closedvia NORTH CAPITAL PRIVATE SECURITIES CORPORATION
Raised $0 / $5MEst. pre-money $93.2M
Raised $264.5KInvestors 4
Raised $155KInvestors 3
Raised $81KInvestors 3
Raised $559.5KInvestors 11
Raised $893.8KInvestors 4
Raised $2MInvestors 9
Raised $2.7MInvestors 16

Team

15 people
William Hermann SeippelFounder
Founder, Board Member and CEO

Will founded the Company in 2007 and has over 25 years of financial and operational experience. He has been involved in successfully negotiating over 20 acquisitions in his career and played a leading role in structuring complex transactions that have raised $5 billion in capital, including two that received the prestigious Institutional Investor Deal of the Year Award. He has also served as a consultant to various boards of directors on mergers and acquisitions and strategic business and financial planning. Prior to founding WorthPoint, Will served as Chief Financial Officer and also managed a number of technology business development and marketing roles at MIVA, AirGate PCS, Digital Commerce Corporation, Global Telesystems Groups, and Haliburton/Landmark Graphics Corporation. Will has a master’s degree in business administration from American University. He received a Bachelor of Science degree from George Mason University.

William Seippel
CEO
Antoine S Lyseight
Chief Technology Officer

Antoine has been with WorthPoint for more than a decade and is been responsible for the company’s Software Development, Product Development, Dev Ops, and Architecture groups. His expertise has elevated the firm’s reputation as the leading technological market solution in the marketplace. Antoine is a veteran of information technology and a leader in software development and product delivery with a significant focus in systems integration, point-of-sale (POS), and e-Commerce architecture, as well as end-to-end high-volume websites and applications. He has deep experience with multiple programming languages and processes and has consulted for Fortune 500 companies such as Home Depot, IHG, Turner Broadcasting, and Autotrader.com, as well as many technology startups and growth-phase companies on major revenue-generating projects. In addition to his software engineering background, Antoine has trained and managed development teams while being responsible for working with executive stakeholders for product development, project management, and quality assurance of all products. He studied computer engineering at the Georgia Institute of Technology and graduated with a bachelor’s degree in business administration with a focus on entrepreneurship from Georgia State University.

Eric Bradley
Vice President Editorial Content and PR

As chief domain expert, Eric has more than 25 years of experience in the fine art, antiques, and collectibles industry. He is WorthPoint’s editorial leader, setting content standards and goals. Eric also leads the firm’s continued development of WorthPoint Indices, an index-linked investment product to statistically measure price trends across the entire industry. The product has already attracted interest from emerging investment firms seeking growth offering fractional shares of high-end collectibles. He is the former Director of Public Relations for Heritage Auctions, the world’s largest collectibles auctioneer, where he led successful publicity and marketing campaigns for special collections and its most valuable lots. Eric is known throughout the antiques and collectibles trade, as the author of 12 critically acclaimed reference books, including “Mantiques: A Manly Guide to Cool Stuff,” “Harry Potter – The Unofficial Guide to the Collectibles of Our Favorite Wizard” pocket guides to buying and selling vintage toys and advertising, in addition to editing America’s best-selling annual price values guide for antiques and collectibles. He holds a bachelor’s degree in economics.

Rachel Sammons
Vice President Marketing

Rachel Sammons is a longtime enthusiast of discovering what makes consumers tick and connecting with them in meaningful ways. As WorthPoint’s Vice President of Marketing, Rachel is in charge of further developing the goals and strategies of our marketing team and steering our WorthPoint brand success. Rachel brings a bevy of experience from her years as the Senior Director of Consumer Marketing at Cartoon Network and the Director of Market Intelligence and Research at Cox Automotive. Her love of partnership development and passion for consumer insights and reaching audiences have already proven to be an invaluable addition to the WorthPoint team.

William Neal McAtee
CFO, Board Member

Neal has served as WorthPoint’s CFO since 2018. From December 2010 to December 2013, Neal served as WorthPoint’s interim CFO. Since 2009, he has served as a member of the Board of Directors. He served as a portfolio manager at Reliant Investment Management, LLC. From 2009 until 2018. Earlier in his career, he was a founder and managing member of Red Rock Partners, LLC, as well as a general partner and investment manager for Red Rock Fund, LP. Neal was a managing director at Morgan Keegan, working as an equity analyst, when he was recognized five times as a Wall Street Journal All-Star Analyst for his stock-picking ability. Neal earned a bachelor’s degree in mathematics and economics from Rhodes College and a master’s degree in business administration with a concentration in finance and accounting from the Owen Graduate School of Management at Vanderbilt University. He has held the Chartered Financial Analyst professional designation from the CFA Institute since 1992.

Antoine Lyseight
CTO
James Sturgill
Board Director

Jim is the Founder and retired CEO of Sturgill & Associates, a full-service CPA firm he founded in 1963 with multiple locations. His firm provides tax, assurance and advisory, and information technology services to a diversified client base of established and emerging growth companies in the high technology sector.

Peter Dabbs Schleider
Board Director

Pete has spent his entire working career in the investment business. From 1983 to 1987 he was a hardware and software analyst with L.F. Rothschild, Unterberg, Towbin. From 1987 to 1997, Pete was a partner of Wessels, Arnold & Henderson, an investment banking firm in Minneapolis, MN focusing on technical software. In 1998, he founded Matrix Capital Management, a hedge fund focused on technology investments. Since 1998, he has been investing his own money as part of RKB Capital, L.P. In 2001, he and Scott Bedford started Peninsula Technology Fund, L.P. He has a bachelor of arts degree from Trinity University in history and economics and holds the Chartered Financial Analyst professional designation from the CFA Institute.

Show 6 more people
John Hale
SVP Finance
Kathleen Guzman
Board Member

Prior to joining WorthPoint as a member of its Board of Directors, Kathleen Guzman was a Senior Vice President and the Managing Director of Heritage Auctions in New York for 12 years. She has personally auctioned more than 1,500 sales with more than a million objects with a combined value of more than $1 billion. She brings 15 years of experience from the world-renowned Christie’s International auction house, selling such items as a Claude Monet watercolor for $4.3 million and the Ruby Slippers from “The Wizard of Oz” for $660,000. Kathleen is an independent consultant, a USPAP-compliant art appraiser, writer, and charity auctioneer. She holds an Executive MBA from Columbia University and has a master’s degree in art history from Queen’s College. Throughout her accomplished career as an expert in the fields of fine art and antiques, Kathleen has made an indelible impact on companies and collecting communities in the United States and around the world. She was the former President of Christie’s East and President of Phillips Auctioneers, as well as Senior Vice President of Business Development at eBay. Kathleen is frequently quoted in print, on radio, and on television regarding the art and antique markets and spokesperson for the art market, including appearances on such programs as “Oprah,” “Good Morning America,” “Today,” on international networks like CNN, and countless online publications. She has appeared as an expert on the PBS series “Antiques Roadshow” for more than 20 years. She lectures extensively on the art market for the American Appraisers Association, New York University, Bard College, and the Fashion Institute of Technology. Guzman also auctions extensively for charitable causes including The Make-a-Wish Foundation, Juvenile Diabetes, and Housing Works, to name a few, with noted celebrities.

Michael Joseph Wharton
Board Member

Mike Wharton joined the WorthPoint board in May 2012. Mr. Wharton currently serves as Chairman of McVean Trading & Investments, LLC, having joined at its inception in 1986, and over the last 10 years has become one of the firm’s top traders and leading authorities on the livestock and grain markets. Mike is also the managing member of Wharton Asset Management LLC, a commodity-trading advisor, which was established in 2012. Originally from Nebraska, Mike literally grew up in the cattle business.

Michael Wharton
Board Member
Pete Schleider
Board Member
Rodger Ogden
Board Member

Names and titles as disclosed on SEC Form C, StartEngine, SEC Form 1-A. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 10 annual reports (FY2016–FY2025)

Missing: 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025

171 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-UNov 2, 20230001665160-23-001894
    EDGAR
  • Form C/ASep 14, 20230001665160-23-001757
    EDGAR
  • Form C/AAug 11, 20230001665160-23-001646
    EDGAR
  • Form C/AJul 20, 20230001665160-23-001541
    EDGAR
  • Form CMay 19, 20230001665160-23-001274
    EDGAR
  • Form DApr 27, 20230001450158-23-000006
    EDGAR
  • Form 1-ZSep 21, 20170001144204-17-049009
    EDGAR
  • Form 1-KMay 16, 20170001144204-17-027839
    EDGAR
Source: ManualCIK 0001450158DEShare price $12.00

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.