Netsave

A safer way to sell & buy used products locally

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Security Type
CAFES
Categories
Retail, Sustainability, Technology, Community & Lifestyle
Min Investment
$250
Location
Los Angeles, CA
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.24M
No. Investors
40
Security Price
$1
Website
netsave.com
Number of Employees
1
Cash
$500
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$768,852
Net Income
$-16,455

Key Deal Facts

The $39B US resale market is projected to reach $70B by 2027 (1% of market share: $390M).
More than 5000 organic installs including a diverse and authentic community of 500+ sellers
On course to launch livestream shopping & expand local delivery through US by December 2023
World-class team of game changers with talents from some of the most innovative companies
The founder is highly driven and dedicated; committed 100% resources to bootstrap the startup.

Management Team / Advisory Board Bios

Justin Georges Founder/CEO15+ yrs. of entrepreneurship experience, Stanford Digital Transformation Prof. Cert., Chris Luo Lead Full-Stack Software Engineer7+ yrs. of experience in full-stack development, expertise in JS, TS... Computer Science degree, Nathan Hemming-Brown Creative Director10+ yrs. of experience in UI & brand design, prior collaborator at Siemens, Microsoft, Zurich..., Fritz Charles Fractional Product ManagerFormer Instagram & Meta FinTech Product Manager, MBA
Amount Raised : $103,950
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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.

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