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Security Type
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CAFES
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Categories
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Technology, Other, VC-Backed, Repeat Founder
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Min Investment
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$100
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Expected Close Date
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April 30, 2025
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Target Raise
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$50.00K-$1.24M
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No. Investors
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238
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Security Price
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$1
- Number of Employees
- 11
- Cash
- $422,380
- Revenue
- $1,371,548
- Short Term Debt
- $334,717
- Cost of Goods
- $53,160
- Long Term Debt
- $2,495,502
- Net Income
- $-1,401,986
Key Deal Facts
$2M revenue run rate, up 189% from 2022
4 locations opened in under 2 years
$3M from investors including 2048 Ventures, Vitalize, Jacob Jaber, (Co-Founder of Philz Coffee)
Profitable locations with 70% gross margins
1.4K members in current locations, growing 20% MoM
Proprietary technology including friendship matching algorithm
Featured in Forbes, The Information, San Francisco Chronicle, LA Times and more
Management Team / Advisory Board Bios
VC-Backed
Raised $250K or more from a venture firm, Repeat Founder
Founder has started a previous company funded with $2M+, Jamie Snedden Co-Founder & CEOTrained architect, Fulbright Scholar, 2nd time founder, Jermaine Ijieh Co-Founder & CPOCommunity builder, Product and data lover, 2nd time founder, Leutrim Rexhepi Co-Founder & CTOFull-stack developer, 12+ years experience, 3rd time founder
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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.