Security Type
CAFES
Categories
Services, Software, Entertainment, Technology, App, Marketplace, Music
Min Investment
$100
Offering Date
December 01, 2020
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$426.00K
No. Investors
23
Security Price
$1
Deal Notes
Discount: 20%
A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $5.85M in the future.
Valuation
$6,500,000
Number of Employees
5
Cash
$51,834
Revenue
$0
Short Term Debt
$29,469
Cost of Goods
$0
Long Term Debt
$0
Net Income
$221,068
Company Description
Entertainers are amongst earth’s mightiest storytellers, yet they don’t always get the chance to showcase their talent to those who are seeking it most. We all know someone artistic who can’t fully live their dream because they're simply not landing enough gigs, so they're forced to do work they don’t love to keep the lights on. On the other end, people are looking for remarkable entertainers to help them create lasting memories, but they sometimes don’t know where to start. Online directories lack transparency and clarity, leaving them to depend on less-preferred recommendations, even though the best person for their needs could be literally living next door.
Use of Proceeds
$50,000
24% product development 37% marketing G&A/COGS 31.5% Wefunder fees 7.5%. $1,070,000
37% product development 20% marketing G&A/COGS 35.5% Wefunder fees 7.5%.
Perks
Invest $500+ for 1 year free Pro subscription (that can be used by you or gifted)
Key Deal Facts
Global market expected to reach a value of nearly $314.29 billion by 2022.
Use of Proceeds
$50,000
24% product development 37% marketing G&A/COGS 31.5% Wefunder fees 7.5%. $1,070,000
37% product development 20% marketing G&A/COGS 35.5% Wefunder fees 7.5%.
Perks
Invest $500+ for 1 year free Pro subscription (that can be used by you or gifted)
Management Team / Advisory Board Bios
Rony Hage
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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.
