Gradey

Academic virtual assistant to help kids succeed in school, just Ask Gradey!

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Security Type
CAFES
Min Investment
$100
Location
Pittsburgh, PA
Expected Close Date
April 30, 2023
Target Raise
$15.00K-$124.00K
No. Investors
16
Security Price
$1
Website
askgradey.com
Number of Employees
2
Cash
$60
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$0

Key Deal Facts

Huge market and growth potential with 55M+ students in US alone (Initial Target Market ~1M students)
Inexpensive Per Student $4.95/month subscription model
Initial market test showed out $5 Customer Acquisition Cost and 19% Conversion Rate
Gradey technology provides academic virtual assistant with AI powered personalized insights
Gradey applies analytics and trending to individual student information empowering parents with data
Future affiliate marketing revenue opportunities (i.e. offering tutoring services in platform)

Management Team / Advisory Board Bios

Sanjay Akut Founder/CEOSeasoned Chief Technology Officer and Carnegie Mellon alum with prior entrepreneur experience and 25+ years of leadership experience., David Bock Creative DirectorExtensive visual, creative, and design experience working with many startups on their branding and product stories.
Amount Raised : $127,050
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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.

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