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Security Type
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CAFES
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Categories
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Entertainment, Service Businesses, Sports & Fitness, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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September 29, 2024
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Target Raise
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$53.75K-$107.50K
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No. Investors
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65
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $150,572
- Revenue
- $350
- Short Term Debt
- $13,427
- Cost of Goods
- $30,000
- Long Term Debt
- $0
- Net Income
- $-135,405
Key Deal Facts
$1M in total funding & term sheets ($500K closed)
Paid corporate wellness pilot with Oracle
10K users across 500+ cities & 65 countries
Advised by execs from Map My Run, Strava, Pokemon Go, Zynga, and Adidas
Partnerships with Austin & Cleveland Marathon, Road Runners Club of America, and 4 dozen run clubs
$5K in revenue
Featured on Running Insights, Running USA, TRE, RRCA, and several running publications
Integrates with Strava, Garmin & Apple Health
Management Team / Advisory Board Bios
Destin Bell CEO, Co-Founder - Created & operated 6-figure content creator business, contracted by the NBA, Old Spice, McDonalds, and more
- Acquired & managing 2 rental units in Austin, Texas
- Ran marketing company with contracts with Breakout Games, SkyZone, and Lyft, Max MirandaCo-Founder, CTO- Co-founder of startup that raised $3.4M. Helped them grow to $200K ARR
- Helped publish 8 apps in college
- Former Linkedin iOS engineer, Nirav Patel CPO- Created the entire UI/UX design of the current product
- Venture for America Fellow
- Launched 2 products in college
- Franchisee of 10 Roll Em Up Taquitos restaurants in Knoxville, TN and Louisville, KY
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.