Netsave

A safer way to sell & buy used products locally

Security Type: CAFES
Categories: Marketplace, Retail, Minority Founder, Sustainability
Min Investment: $100
Location: Los Angeles, CA
Expected Close Date: April 29, 2024
Target Raise: $50.00K-$1.24M
No. Investors: 17
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

Exclusive

Friends Invest First
Built a culture of “Think Globally, Act Locally” to help reinforcing environmental sustainability
Prioritized user safety by implementing AI cybersecurity solutions to screen and verify all users
Positioned to disrupt the $211B global C2C market, which is projected to reach $350B by 2027*
We are the “UberEats” of resale marketplace; ready to scale same-day local delivery beyond LA.
Already have a diverse and authentic community of 500+ sellers
Our product roadmap includes livestream shopping, service categories...
Our operational plan: scaling internationally, reaching unicorn status in pre-IPO stage by 2028...*
World-class team of game changers; founder is 100% dedicated with over $750K+ Cap. Cont.

Management Team / Advisory Board Bios

Justin E. Georges Founder/CEOTech-savvy, Agile Leader, Digital Product Manager, 15+ yrs. of entrepreneurship experience, built & gracefully sold prior insurance business, degree in Mgt./Bus. Admin.; studies Finance, Economics..., 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 Product Manager

Amount Raised : $53,950

Reveal the Score by Voting

＿

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

ⓘ

The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.

Business Traction

ⓘ

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

ⓘ

The value of the company compared to similar companies raising money from investors.

Valuation

Have you done enough research to provide a rating? This is important for your fellow investors.

We only allow one revision to each rating category. Be sure about any changes.

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.

Research Reports

No reports have been submitted

Become a Reporter

Read Our Research Disclaimer

0 Comments

To claim your deal, you must have access to @netsave.com email

Contact support@crowdlustro.com if you need assistance.

@netsave.com