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Security Type
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CAFES
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Categories
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Other, Travel, Technology, Community & Lifestyle
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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-$450.00K
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No. Investors
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23
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $31,414
- Revenue
- $1,505
- Short Term Debt
- $24,344
- Cost of Goods
- $0
- Long Term Debt
- $250,000
- Net Income
- $-235,905
Key Deal Facts
Female founder and executive team with >40 years combined experience in the Travel Industry
Pre-seed backing by VC Firm Shasta Ventures
Collaboration with Luxury Travel Consortia Virtuoso (Virtuoso.com) for their 2023 Study Tour Program
3rd place in the American Society of Travel Advisors' "Entrepreneur of the Year" competition
Product launched at Virtuoso Travel Week 2023
Press coverage in Travel Weekly, Travel Agent Central, Travel Insider Report and Recommend Magazine.
Annual FamGuru subscriptions sold to Suppliers as of August 2023
Management Team / Advisory Board Bios
Shasta Ventures, Carrie Wallace Founder and CEOSerial entrepreneur, raised over $500k so far for FamGuru, respected Travel Industry leader with 20+ years as a Travel Advisor and Travel Agency Owner. Former management consultant with BS in Physics and an MBA., Kymberly MilroyChief Operating Officer20+ years experience as a Travel Supplier for Aman Resorts, AndBeyond, and others. Skilled travel industry sales and marketing executive. Has planned >30 Fam Trips for Travel Advisors around the globe., Adrian CoriaTech GuruSerial entrepreneur and expert software engineer with 15+ years of experience in web and mobile applications. Specialist in software development strategy. Significant prior knowledge of the travel industry and Familiarization trips., Javier DAccorso Lead Engineer25+ years experience in software. Systems engineer and analyst with a master's degree in marketing. Has developed > 50 systems worldwide., Melisa Lopez UX/UI LeadStrong background in crafting the user experience and user interface for both mobile and web applications. Integral to the implementation of FamGuru's vision.
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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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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.