Image Credit: Sentinels
Sentinels seeks investors through crowdfunding to stay afloat.
Sentinelsmight not be able to operate after five months if they don’t secure enough funding.
The organization drew a huge amount of attention from the esports community after its financial status was made public.
They have amassed 31 million followers in recent years making them one of the fast-growing esports organizations.
They felt the need to catch up to long-standing esports organizations like100ThievesandCloud9.
A huge amount of their capital went to business strategies that address bridging that gap.
This move might be the culprit for Sentinels overspending.
Funds required to acquire their merchandise inventory are also included in the said expenses.
What shocked fans was the estimated operational period remaining for Sentinels after they acquire maximum funding.
Sentinels said that they will be able to operate for four to five months given the current burn rate.
If they are unable to raise additional capital, their operation period is down to two to three months.
Rob shed light on how Sentinels is poised to be profitable in the future.
He added that this is a great opportunity for fans to succeed alongside the organization.
The key to that sentence is giving people full disclosure.
Sentinels launchedcrowdfundingthrough StartEngine, an equity fundraising platform.
Fans can invest a minimum of $299.25 until November 2, 2023.
The price per share is valued at $3.15.
The funding goal is up to $1.23 million.
As of this writing, Sentinels has raised $67,751.27 with 54 investors on board.
Investors have access to the organizations behind-the-scenes.
