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Security Type
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CAFES
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Min Investment
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$250
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Location
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San Francisco, CA
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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-$579.27K
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No. Investors
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92
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $44,706
- Revenue
- $1,214,505
- Short Term Debt
- $5,075,729
- Cost of Goods
- $771,531
- Long Term Debt
- $0
- Net Income
- $-546,144
Key Deal Facts
📈 $2M+ revenue to date.
📸 4 million photos and videos shared through the Loop app.
🦄 Backed by Silicon Valley's Elite: Jason Calacanis; former President of Pinterest; COO at Discord.
💰 Venture Backed: Resolute Ventures, Moai Capital, Wisdom, Launch Fund
💪 CEO built a $100M business at Maxim Integrated;
🤓 CTO was the engineering lead at Zynga's Words With Friends.
Management Team / Advisory Board Bios
Brian Gannon Founder & CEOBuilt a $100M business at Maxim Integrated. MBA from MIT. BS in Electrical Engineering, Stanford, Sital MistryCo-FounderPrior to co-founding Loop, Sital was the software engineering lead for Zynga’s hit product Words with Friends - one of the most popular mobile word game in history, leading iOS, Android and Web development teams. University of California Berkeley.
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Business Idea
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Management Team
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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.