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Security Type
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CAFES
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Categories
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Technology, Education, Retail, Other
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Min Investment
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$100
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Location
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San Francisco, CA
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Offering Date
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April 21, 2021
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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-$124.00K
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No. Investors
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244
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Security Price
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$1
- Number of Employees
- 37
- Cash
- $62,599
- Revenue
- $13,972
- Short Term Debt
- $147,339
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-749,363
Company Description
📈 $310k MRR; growing 4.1x YoY in January 2021
🧠Our AI can automatically answer 80% of student's questions and gives SaaS-level gross margins
🌎 40M questions answered by 35,000 tutors through Kunduz in 3 countries
📊 $120 LTC; $10 CAC; 77% gross profit margin
👫 30k paying users with 95% retention rate
Key Deal Facts
$310k MRR; growing 4.1x YoY in January 2021
Our AI can automatically answer 80% of student's questions and gives SaaS-level gross margins
40M questions answered by 35,000 tutors through Kunduz in 3 countries
$120 LTC; $10 CAC; 77% gross profit margin
30k paying users with 95% retention rate
Management Team / Advisory Board Bios
Basar Basaran, Co-founder & Co-CEO
Strategy & business development in 5 countries and 6 sectors; 3-year consulting and M&A in education; MBA & MA Education at Stanford; Ex-McKinsey; Most importantly, raised in an educator family.
Melih Sener, Cofounder & Co-CEO
Most recently, brand manager of Lays for 32 countries; Brand & P&L management at CPG; International marketing, product launch & competitive strategy
Baris Bilgic, Co-founder - CTO
3rd time entrepreneur in emerging markets and Europe w an exit; Full-stack dev. at global firms in London; 14 years of active development experience
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ⓘ
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Business Idea
ⓘ
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Business Traction
ⓘ
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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.