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Security Type
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CAFES
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Categories
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Transportation & Storage
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Min Investment
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$250
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Offering Date
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May 21, 2021
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Expected Close Date
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July 08, 2022
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Target Raise
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$10.00K-$249.00K
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No. Investors
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5
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Security Price
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$1
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Valuation
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$6,101,196
- Number of Employees
- 3
- Cash
- $25,772
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $0
Company Description
CTXMarket.com is the e-commerce platform for Central Texas. CTXMarket.com has been able to unify hundreds of independent Texas businesses and create a destination where online shoppers can browse a massive collection of listings offered by hundreds of local businesses in one place on the Internet.
Key Deal Facts
CTXMarket.com was started by two brothers, Davis and Patton Jones. Both of the Jones brothers are native Texans and computer programmers, and this is their second business to start together.
Their prior business, Eazl, an e-learning company, was launched in 2014 through the Stanford StartX program and has become one of the most important providers of online business education in the world.
Today, their previous venture has Tesla™, Apple®, the World Bank, PayPal®, as clients and has enrolled more than 300,000 students in 127 countries around the world.
Use of Proceeds
- The funds raised by CTXMarket.com in this issuance will be used to generate awareness for CTXMarket.com and hire and retain staff.
Management Team / Advisory Board Bios
Davis Jones, CEO
CTXMarket.com was founded by Davis and Patton Jones. Davis Jones, the CTXMarket.com CEO, is a serial entrepreneur who’s previous business, Eazl, is an online education business that has become one of the most successful e-learning companies in the world. As of 2021, Eazl has enrolled more than 300,000 students in 127 countries worldwide. Eazl’s courseware is currently used by teams at organizations like Tesla™, Apple®, PayPal®, and the World Bank.
Davis Jones, COO
Davis holds an undergraduate degree in economics from Sonoma State University and an MBA with a specialization in finance from EDHEC Business School in France. Patton Jones, the CTXMarket.com CTO, co-founded Eazl with Davis in 2014. Patton excels in technical roles and has led the technology side of multiple businesses, including Eazl and StreamATX, Austin’s first local live streaming service. Patton holds an undergraduate degree in international relations from Stanford University.
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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.