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Security Type
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CAFES
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Categories
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Crypto & Blockchain, Technology, Other, Entertainment
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Min Investment
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$100
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Location
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Los Angeles , CA
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No. Investors
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14
Key Deal Facts
Google Cloud for Startups Partner ($212k+ value), NEAR Foundation Grant ($75k), Celo Camp 6 ($10k).
Unique dance-to-earn App just launched on Near blockchain called the "Virtual Dance Floor."
$1 million in Seed Capital raised. Generating Revs($200k), $14 ave purchase price and CLTV of $75
Engaged user base with 29 minutes ave. viewing time of our content - 10 times more than YouTube.
Experienced management team in music, gaming, blockchain, AR/XR, Web3, governance and 2 IPOs.
Tokenizing and Gamifying UX. Subscription based and tipping with either cash, tokens or NFTs.
Business Model - 80% to Creators, Monad keeps 20% of all revenues.
Expansion capital to be used to build out AR Portals for a series of venues & customer acquisition.
Management Team / Advisory Board Bios
Brett Hawkins CEOEarly e-sports live streaming pioneer. Took startup from a napkin to 10 million MAUs. 2 IPOs., Greg Johnson Chief Digital OfficerUsing NEAR DAO to raise $30 million plus for an expansion sailboat racing team. Product lead for initial Amex Loyalty program., Jiandong Wei CTOMaster of Science in Internet Technology from Aston University, UK. Expert at building complex internet systems., Michael Traylor Board DirectorVeteran entertainment and media attorney who pioneered entertainment-based brand marketing and mainstream eSports. Former SVP at Hollywood Records (Indy label acquired by Disney) and current AGC at MetaQuest VR., Lauren O'Connor Board of Advisorshttps://www.hollywoodreporter.com/movies/movie-features/harvey-weinstein-whistleblower-interview-lauren-oconnor-1235276169/
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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.