Security Type
CAFES
Categories
Technology, Female Founder, B2B, AI
Min Investment
$1,000
Location
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$100.00K
No. Investors
33
Security Price
$1
Number of Employees
2
Cash
$133,039
Revenue
$6,000
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$42,358
Key Deal Facts
Novel approach to solving a long-standing problem almost every business faces
Management Team / Advisory Board Bios
Sara Sieteski Built the Haas Digital team and all its educational products from the ground up (grossing $10M+ in revenue over 4 years), supported remote instruction during COVID and won team of the year (2020-21), and launched the edtech version of Logoi the same year., Allen Romano Chief Product OfficerFounded and ran the Digital Humanities graduate program and DH Lab at Florida state University, serving as an interdisciplinary hub for research, teaching and technical training., Matt O'Day Head of MarketingLed early growth for Square (IPO), eero (Amazon), Rylo (VSCO) & Oura (current $1B+ valuation). If you've heard of any of these brands, I likely had a hand in it. Also 21x rec hockey champion & retired University of Michigan hockey TV analyst (Go Blue!).
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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.
