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Security Type
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CAFES
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Categories
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Technology, Retail, Travel, Other
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Min Investment
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$200
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$124.00K
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No. Investors
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77
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Security Price
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$1
- Number of Employees
- 5
- Cash
- $225,207
- Revenue
- $195,272
- Short Term Debt
- $309,182
- Cost of Goods
- $7,703
- Long Term Debt
- $1,836,500
- Net Income
- $-1,012,797
Key Deal Facts
🤩 A female-founded travel club, built with female consumers in mind
✅ All members vetted, verified & connected for reliable security
⚡ Grew membership 2.5X YoY surpassing 1,500 paying members (revenue up 240%+, hitting $205K in ARR)
🫶 More than 79% of new members come from word of mouth, social media, and member referrals
🧳 Over 100+ featured destinations, 7,000 vetted spots, and 8,000 trusted reviews
🥳 $1.6M GMV (hotel dollars booked through the platform)
✈️ 2,250 nights and 880 trips booked with a $1,700 AOV and $589 ADR
⭐ iOS App (launched Sept 2022) with 138+ 5 star reviews on the App Store
Management Team / Advisory Board Bios
Samantha Patil Founder & CEOProfessionally: I've held leadership positions at Pandora Media, Snapchat and Dollar Shave Club. Personally: running the Paris Marathon was one of the biggest travel highlights of my life!, Colby Oney MarketingColby is a dynamic marketing leader and seasoned traveler with 6+ years experience in the travel industry. An adventurer at heart, Colby spends her time exploring through hiking, camping and road tripping., Jenna Long Travel TeamJenna works alongside Jenika on our Travel team, making our members travel dreams come true. After a traditional agency background, she loves being able to connect with members and create their perfect trip. She also happens to be our TikTok guru!, Amanda Squeo ContentAmanda has a background in Travel & Tourism, with 10+ years in customer service. She wears many hats and is an “out of the box” thinker. She leads our content initiatives and loves being able to inspire our members next adventure through quality content., Jenika Shastri Travel TeamAfter graduating in hospitality management Jenika built her career in sales and events within hotels. She loves working with a female founded team where we continue to build a community for like minded travelers.
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.
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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.