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Security Type
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CAFES
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Categories
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Technology, Transportation & Storage
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Min Investment
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$100
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Expected Close Date
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April 30, 2022
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Target Raise
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$100.00K-$155.00K
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No. Investors
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200
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $0
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $0
Key Deal Facts
In 2021, we raised $250K (Wefunder) & acquired an Angel Investor for $50K to build the MVP.
Launched MVP only in Austin 10/24/2022, with 8,000 signups so far, in less than a year, organically.
Generated $1 million+ in P2P transactions from our wide range of gig-errand services.
30-50 sign ups daily from organic community referrals with little to no marketing spend at all.
Expansion rollout to 30 new Texas cities by 2024.
Launching first gen mobile app with new AI booking feature enhancing our on-demand experience.
Introducing Runner PRO for high level service needs (electricians, plumbers, etc) on-demand.
Runners, Businesses, & Customers are never charged fees or commissions, whatsoever. Everyone wins!
Management Team / Advisory Board Bios
Andy Kaminski Founder & CEOCultivating Community Gig Coopertives, Hugh Olson IVCo-Founder, Alok Paryani Angel Investor & Co-Founder, Raven JohnsonLead Investor (WeFunder) & Co-Founder, Ted KarrChief Legal Officer, Jonathan SchaeferAngel Investor & Co-Founder, Aaron SchaeferAngel Investor & Co-Founder, Mohamed Ibrahim Chief Technology Officer (Egypt)
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.