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Security Type
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CAFES
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Categories
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Education, Sports & Fitness
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Min Investment
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$100
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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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20
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Security Price
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$1
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Valuation
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$6,500,000
- Number of Employees
- 2
- Cash
- $6,702
- Revenue
- $7,399
- Short Term Debt
- $12,000
- Cost of Goods
- $0
- Long Term Debt
- $225,000
- Net Income
- $-159,458
Key Deal Facts
π Eugene (CEO) is the 3rd time founder with 2 exits. Ex-CEO of MAPS.ME (150M users).
βΉοΈββοΈ Anton (CPO) is the founder of the biggest basketball league in the EU (44k players).
π Traction: we have 60k players, 3k coaches, 300+ paying subscribers, 10x growth in 6 months
π° Market: 2.2B basketball fans, 0.5B players, $200B basketball training market.
πΈ Network effect: basketball - is a highly social team sport, and 70% of our users - organic.
π£ Global: 50% of users are from the US, and 50% - South America & EU.
π° Fundings: to date we've raised $250k from a large VC (flyerone.vc) and angel investors.
Management Team / Advisory Board Bios
Eugene Lisovskiy CEO & Co-founder3 x founder πͺ 2 exits π¦ growth hacker π€ radio-physics engineer πͺ ex-CEO π MAPS.ME (150M users), ex-CMO πLITRES.com (25M users)., Anton Zimin CPO & Co-foudnerFounder of the biggest basketball league in the EMEA region (44k players, 2.2k teams).
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οΌΏ
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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.