Companies · Other

Heads of State LLC

EUGENE · Other

Diligence memoA one-page analyst read on Heads of State LLC — recommendation, valuation, rhythm, risks.
$250K
Total raised · real
2
Rounds
0.7×
Latest step-up
Top 88%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Sun Jul 01 2018 00:00:00 GMT+0000 (Coordinated Universal Time)

Heads of State LLC looks under-valued against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.29× the median modeled value of Pre-Seed Other companies in 2016–2018 (1548 peers) — value vs value, same stage and era.
Dormant
  • Last raise 8.0 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Heads of State LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
10.0 yr record
Peak capital year was 2016 with $150K across 1 filings.
Market position
ahead of 13% of Other peers
Capital scale is ahead of 13% of Other peers; modeled value is above 14% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Lower applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Sparse
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Consistent
Canonical totals and visible filing detail are broadly aligned.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • Sector is still broad/Other, so operating comparables are weak.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • No verified homepage on the profile yet.
  • Capital program peaked in 2016: $150K across 1 filings.
  • Largest single filing was $150K on 2016-07-11.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • The more important signal is lifecycle: repeated filings ended years ago, so current activity needs outside confirmation.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Other

Heads of State LLC is one of 25008 Other companies tracked from EUGENE. By capital raised it ranks in the long tail (ahead of 13% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2014
Year incorporated
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3M$2.5M$3.8M$5.0MPre-Seed · 2016-07-11 Raised $150K (real) Modeled valuation $3.5M (est)$150K$3.5MPre-Seed2016Pre-Seed · 2018-07-01 Raised $100K (real) Modeled valuation $2.3M (est)$100K$2.3MPre-Seed2018+$100KCumulative $250K

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$150K · 2016
Pre-Seed extension$100K · 2018

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$2.3M
Base estimate est.
$67K
Conservative case
$26.2M
Upside case
$556K
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Pre-Seed · modeled $3.5M · 2016-07-112016Pre-Seed · modeled $2.3M · 2018-07-012018
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.55×/yr
Annual markup
2.10×/yr upside case
6.0 yr
Elapsed time used
8.0 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
24 mo
Avg between rounds
$127K/yr
Capital velocity
10.0 yr
On record since
2016
First round
2
Rounds on file
How it compares to the market

Benchmarked against 25008 companies in Other. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.1× of median
This company$250K
Sector median$2.0M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 0.3× of median
This company$100K
Sector median$350K
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$2.3M
Sector median$17.7M

Raised more than 13% of sector peers (real $). Modeled value above 14% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #1529 of 1,548.

This companyCohort peer
$1.0M$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Unhinged, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Green Bugatti Musical Development Ltd Liability Co · Pre-Seed Raised $1.0M · modeled $23.1M (est)SharkDreams, LLC · Pre-Seed Raised $2.9M · modeled $23.1M (est)Jilz Snackerz LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)Money to Play, Inc. · Pre-Seed Raised $1.0M · modeled $23.1M (est)Gratitude Traders, LLC · Pre-Seed Raised $1.1M · modeled $23.1M (est)Juice Jewce, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)BrandSpins, LLC · Pre-Seed Raised $1.5M · modeled $23.1M (est)Volatile Analysis Corp · Pre-Seed Raised $1.0M · modeled $23.1M (est)Rugby Channel, LLC · Pre-Seed Raised $1.0M · modeled $23.1M (est)SurpriseRide, Inc. · Pre-Seed Raised $1.0M · modeled $23.1M (est)Lightning Technologies Llc · Pre-Seed Raised $1.0M · modeled $23.1M (est)Heads of State LLC (this company) Raised $250K · modeled $2.3M (est)Heads of State LLC
CompanyStageRaised · realValue · estvs peer med.
Unhinged, LLCPre-Seed$1.0M$23.1M2.86×
Green Bugatti Musical Development Ltd Liability CoPre-Seed$1.0M$23.1M2.86×
SharkDreams, LLCPre-Seed$2.9M$23.1M2.86×
Jilz Snackerz LLCPre-Seed$1.0M$23.1M2.86×
Money to Play, Inc.Pre-Seed$1.0M$23.1M2.86×
Gratitude Traders, LLCPre-Seed$1.1M$23.1M2.86×
Juice Jewce, LLCPre-Seed$1.0M$23.1M2.86×
BrandSpins, LLCPre-Seed$1.5M$23.1M2.86×
Volatile Analysis CorpPre-Seed$1.0M$23.1M2.86×
Rugby Channel, LLCPre-Seed$1.0M$23.1M2.86×
SurpriseRide, Inc.Pre-Seed$1.0M$23.1M2.86×
Lightning Technologies LlcPre-Seed$1.0M$23.1M2.86×
Heads of State LLC this companyPre-Seed$250K$2.3M0.29×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$150K2016-07-11$833K$3.5M85%
Pre-Seed$100K2018-07-01$556K$2.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$150K2016-07-11
    • First recorded raise — entered as Pre-Seed.
    • 1 investor on this round.
  2. Pre-Seed$100K2018-07-01
    • Raised again after 24 mo — slower than the ~11 mo sector norm.
    • Round 1.5× smaller than the prior — bridge or down round.
Intelligence
2020 ~Q2
Modeled next raise · ~24mo cadence
$100K
Modeled next size est.range $100K$160K
0.7×
Last step-up
$127K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Chris Watkins2016-07
Derek Schloss2016-07
Whitney Alexander2016-07
Registry & provenance

Heads of State LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1679528
SEC CIK
2014
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
28th St. Detox LLCOtherPre-Seed$263K$2.3Msame sector · same stage
Filmaka IncOtherPre-Seed$267K$2.3Msame sector · same stage
Jumpshot the Movie, LPOtherPre-Seed$230K$2.3Msame sector · same stage
AAV Holding CorpOtherPre-Seed$275K$2.3Msame sector · same stage
Elavue, Inc.OtherPre-Seed$284K$2.3Msame sector · same stage
M-Vac Systems, Inc.OtherPre-Seed$219K$2.3Msame sector · same stage
Littleton Group LlcOtherPre-Seed$288K$2.3Msame sector · same stage
Livn Nsidout LlcOtherPre-Seed$288K$2.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
State Affairs, LLCOtherPre-Seed$7.9M85%
Delaware, LLCOtherSeed$4.5M81%
Heads-Up Risk Report, LlcOtherPre-Seed$4.4M80%
Strata Holdings LLCOtherPre-Seed$2.8M79%
HeadVantage CorpOtherSeries A$50.8M79%
Golden State Company, LlcOtherSeed$21.8M79%
Cap-Ex, LlcOtherPre-Seed$22.7M79%
Republic, LLCOtherSeed$5.8M78%
Frequently asked
How much funding has Heads of State LLC raised?
Heads of State LLC has raised approximately $250K in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Heads of State LLC's estimated valuation?
Provath's modeled valuation for Heads of State LLC is approximately $2.3M (modeled range $67K–$26.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Heads of State LLC at?
Heads of State LLC's latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Sun Jul 01.
What does Heads of State LLC do and where is it based?
Heads of State LLC operates in the Other sector, based in EUGENE.
Explore related

See where Heads of State LLC sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Heads of State LLC, claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.