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Security Type
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CAFES
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Categories
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Technology, Healthcare & Medical, Community & Lifestyle, Sports & Fitness, Health & Fitness, Other
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Min Investment
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$100
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Expected Close Date
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April 29, 2024
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Target Raise
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$250.00K-$1.24M
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $0
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $0
Key Deal Facts
โจ Accepted to the Techstars 2023 Cohort! (Top 1% of startups globally!)
๐คซ Partnering with some of the largest names in athletics in the US!
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Patent-pending computer vision technology
๐ค Team with significant experience in computer vision AI and biomechanics
๐งจ $30 Billion market
๐ค Launching in the most popular fitness cities in US!
Management Team / Advisory Board Bios
Omri Melamed CEOFitness fanatic with experience in both tech and professional training, Nike Klara COOWellness fanatic with long history of equity sales and marketing, Tamir Gez Chief ScientistComputer vision genius with a decade of experience in motion tracking, Prof. Moshe Ayalon Head of BiomechanicsFormer Head of the Israeli national biomechanics lab, Prof. Ofer Hadar Computer Vision and AI AdvisorMultiple papers published in the computer vision space, Tom Ram Head of Fitness2019 National trainer of the year for Equinox, Ryan Babbitt Director of Fitness & SalesEquinox Wall Streets top performing personal trainer.
Owns a personal training studio in NYC
Reveal the Score by Voting
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.