Investors / FAQ
The questions family offices ask first.
- What stage is the company?
- Privately held, operating, revenue-generating. We are not a pre-revenue concept — we are a launched network with active distribution and a growing audience.
- What's the legal structure?
- tonboTV is a brand of CRL LLC, a Delaware-domiciled limited liability company. Investor instruments are structured per the specific offering — typically Class B membership units or a SAFE in earlier rounds. Definitive documents govern.
- Are you taking venture capital?
- No. We are built without VC and intend to stay that way. We welcome family offices, strategic operators, and individual qualified investors whose horizon is 7–10 years and whose incentives align with ours.
- What's the typical check size?
- We share specifics with qualified inquirers under NDA. We are flexible on size for the right partner — what matters more is fit on thesis, time horizon, and governance philosophy.
- What's the exit thinking?
- We are not building to flip. The realistic horizons are (a) strategic acquisition by a media platform or distributor, (b) dividend recapitalization once cash flow stabilizes, or (c) a continued private operating company that returns capital via distributions. We optimize for option value, not a forced exit.
- How do you protect the free-to-viewer mission?
- Mission lock is written into the charter. Any change requires supermajority consent of investors and a public statement of cause. Free-to-viewer is not a marketing line — it is a binding commitment.
- Do investors receive operating control?
- We expect to add one to two independent directors as institutional capital comes in. Investors receive standard information rights, quarterly letters, and annual audited financials once thresholds are met.
- Who do I talk to?
- Investor Relations — see the Contact IR page. Lead with firm type, AUM band, and a one-line thesis fit; we'll route you to the right conversation.