Zette

[Launching at MIDNIGHT!] Knocking down paywalls to provide your news, your way

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Form C
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Security Type
CAFES
Categories
Technology, Other, Community & Lifestyle, Entertainment, Financial Services
Min Investment
$250
Location
San Francisco, CA
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$1.24M
No. Investors
492
Security Price
$1
Website
zette.ai
Number of Employees
3
Cash
$130,254
Revenue
$12,932
Short Term Debt
$4,790
Cost of Goods
$235,205
Long Term Debt
$1,890,417
Net Income
$-1,060,587

Key Deal Facts

50,000+ registered readers with 5x YoY growth rate
110 publisher deals incl. Forbes, New Scientist, Miami Herald, Pulitzer-Prize winning outlets
$1.7mm oversubscribed pre-seed from Afore, Halogen, The Community Fund, Hyphen & MGV
1st place winner, Harvard Alumni Entrepreneurs Accelerator Demo Day
Featured: Forbes, TechCrunch, Biz Journals, Fast Company’s “World Changing Ideas” Honoree

Management Team / Advisory Board Bios

Yehong Zhu Founder & CEOHarvard philosophy alum, Forbes journalist, Twitter PM (launched consumer software to 300M+ users). Forbes 30 under 30 in Media, Top Woman in Media & Ad Tech Entrepreneur. 1st generation immigrant daughter of a journalist and engineer., Mo SamsamiZette AI Co-Founder | Head of AI ResearchMILA AI Institute M.A., ServiceNow Researcher (reinforcement learning), Top 1% of papers at ICLR '24. Leading LLM project, past work in autonomous driving & crypto trading. Silver medalist, Iranian Informatics Olympiad; B.S. from Sharif Uni (MIT of Iran)., Axel BobeePartnerships | Head of Business DevelopmentUniversity of Paris I: Panthéon-Sorbonne International Affairs M.A., former Business Development Manager at Dailymotion, Director at Digital Trends Media Group and Executive Director at Tigersun Media Group., Alexander DeebEngineering | Chief Technology OfficerBabson College B.S. in Entrepreneurship, Co-Founder and CEO of ClassHook (used in 25,000 schools), 2x startup founder, top-performing senior software engineer at VC-backed startups like Entelo (Series C) and MiraclePlus (formerly Y-Combinator China)., Vivian DiepEngineering | Co-founder of Below the Fold (Acquired)MIT Media Lab M.S., Boston College Finance and Computer Science B.S., 2x startup founder, Co-Founder and CTO of Below the Fold (curated news stories using AI & NLP, acquired by Zette).
Amount Raised : $1,172,552
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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.

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