tect

Wisdom on Demand: Empowering architects with direct access to product experts

Print
Claim My Business
Security Type
CAFES
Categories
Manufacturing, Energy, Real Estate, Technology
Min Investment
$100
Location
Sacramento, CA
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.00M
No. Investors
14
Security Price
$1
Website
tect.com
Number of Employees
3
Cash
$84,097
Revenue
$31,800
Short Term Debt
$15,039
Cost of Goods
$29,065
Long Term Debt
$0
Net Income
$-559,713

Key Deal Facts

A people-first solution to a $400B problem in the building industry
Delivering a financial and social impact while improving safety, sustainability, and affordability
US construction industry wastes half of $1.6T annually — time for change
Our current clients manufacture more than $942M in building materials annually
Closed $240K+ in multi-year sales contracts with manufacturers across the U.S.
Awarded a 20-claim technology Patent by the USPTO in March 2022
Diverse team of industry experts capable of executing our mission
Founders invested $2M. The v1 software is complete. Now scaling sales to manufacturers

Management Team / Advisory Board Bios

Bob Habian Founder & CEOBob is a licensed architect, former global manufacturer and seasoned venture executive, and has provided market insight to more than 300 manufacturers. His mission is to elevate the building industry while improving affordability and access for everyone., Evan Troxel, AIA Architectural Community DirectorEvan is a licensed architect, digital platform expert, and one of the most influential podcast hosts in the building industry. He previously led Digital Practice with HMC Architects for more than 14 years., Tom White Product OwnerTom leads the TectApp® development team with hundreds of previous deployments for Fortune 500 Companies, with technologies from Kafka, Elastic, Kubernetes, DBT, Anthos, Apache Pinot, and dozens of other New Stack Technologies., Ken Buckler, CPA CFOKen is a trusted and experienced finance professional in the private and public sector, producing SEC regulated 10K's and 10Q's, directing annual audits and ensuring the safe guard of company assets., Chad Greulach VP Brand + StoryChad is a proven television executive with successful programming and brand development on top-rated tv series and pilots including American Chopper, Gene Simmons Family Jewels, Criss Angel: Believe and more. He guides strategy through storytelling., Alyssa Sweeden Customer ExperienceAlyssa is a proven leader with a passion for helping individuals and teams to win together. Her guidance in the area of customer experience is based on years of previous success with Apple and subsequently Josten's, a global manufacturer of memorabilia., Kit Miyamoto, Ph.D., S.E. Advisor – EngineeringDr. Kit Miyamoto is Global CEO of Miyamoto International, a structural engineering & disaster risk reduction firm with 25 locations on five continents with one purpose: Make the world a better, safer place. He is California's Seismic Safety Commissioner., Sandra Meyer Advisor – National AssociationsSandra is the former Director of Industry Development at the American Institute of Architects and Vice President at the Challenger Center for Space Science Education, both in Washington, D.C. She brings national association insight to Tect., Marq Truscott, FASLA Advisor – Landscape ArchitectureMarq is an iconic landscape architect and former National Vice President of Education for the American Society of Landscape Architects in Washington, D.C. He advises on sector partnerships and growth., Bill Black Advisor – Sales Strategy + InnovationBill is the President & COO of the Calgary Construction Association. He also co-authored "The Commercial Real Estate Revolution", and in Feb '23 received the Queen Elizabeth II Platinum Jubilee Medal for his work on behalf of the Construction Industry., Mike Haro Advisor – PR + CommunicationsMike is a successful multi-exit entrepreneur with extensive advisory and investor engagement. He was the former Head of Corporate Communications at Palo Alto Networks and leads PR/Comms strategy for Tect.
Amount Raised : $260,650
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

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

0 Comments