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Security Type
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CAFES
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Categories
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Technology, Retail, Sports & Fitness
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Min Investment
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$100
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Location
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San Francisco, CA
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Expected Close Date
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April 30, 2023
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Target Raise
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$100.00K-$1.24M
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No. Investors
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165
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Security Price
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$1
- Number of Employees
- 6
- Cash
- $1,427,973
- Revenue
- $1,965,859
- Short Term Debt
- $142,738
- Cost of Goods
- $1,775,223
- Long Term Debt
- $0
- Net Income
- $-499,441
Key Deal Facts
⛳ $2.5B spent on pro golf lessons per year. 221% increase in golf nets & screens in 2020.
📈 $2M lessons purchased in 2021.
🧑 CEO was 95th employee at Yahoo! and co-founded Yahoo! Messenger.
🏌️ Co-founder is a leading PGA Professional and contributing writer for Golf.com.
💸 $2M raised to-date from angels & VCs (The House Fund, founders of MyFitnessPal, Caviar, Zuora).
💰 Tons of runway from last funding round. We want you to be part of our journey.
🧑🎓 Top students spend over $10K on the platform. 4.9 stars on App Store. 65 Net Promoter Score.
🏆 World-class instructors have coached Tiger Woods, Cam Smith, Kevin Na, Lydia Ko, and Steph Curry.
Management Team / Advisory Board Bios
Brian Park CEO95th employee at Yahoo!; Co-founded Yahoo! Messenger. Previously COO at pokercoaching.com. 25 year startup veteran and growth expert. MBA from UC Berkeley., Baden Schaff Co-founderLeading PGA Professional. Teaches all levels of golfers. Best young coach in Australia. Contributing writer for Golf.com, Alan Gao Co-founderMaster of Software Engineering University of Melbourne. Studied at Carnegie Mellon. Experienced app developer.
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
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.
