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Security Type
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CAFES
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Categories
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Technology, Retail, Community & Lifestyle
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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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$100.00K-$2.50M
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No. Investors
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146
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Security Price
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$1
- Number of Employees
- 23
- Cash
- $82,149
- Revenue
- $1,932,463
- Short Term Debt
- $2,405,366
- Cost of Goods
- $1,135,887
- Long Term Debt
- $1,085,042
- Net Income
- $-2,082,821
Key Deal Facts
Over $12M in total revenue since launch
3x growth in paid subscribers over the past 2 years
Over 80K Gryphons sold protecting families and small businesses
Growing B2B technology licensing pipeline worth up to $20M over the next few years
10 patents awarded covering advanced network protection
Founders behind disruptive tech such as MiFi mobile hotspot & Apple iPod
$12M+ raised from noted angel groups including ATI and Frontier Angels
Featured in Forbes, Tom's Guide, PC Mag, Wall Street Journal
Management Team / Advisory Board Bios
John Wu Co-Founder and CEOWireless and IoT entrepreneur with a record of successful products. One of the inventors of MiFi mobile hotspot. MiFi was recognized as the world's top 25 best technology gadgets of 2009. Holds 30 patents., Arup BhattacharyaCo-Founder and CTOTechnology exec with 30+ years of experience in delivering innovation. Led MiFi software development. Led the team at PortalPlayer that developed multiple generations of the media chip that powered the Apple iPods. Helped take the company public., Allan C VP of Business and Community DevelopmentMarketing executive with over 10 years of digital marketing and business development experience. Launched and drove Gryphon sales to over $9M in lifetime revenue., Sarah KimmelTech Support ManagerFamily Tech Influencer with 20 years of IT management and support experience dealing with businesses and technology inside the home., Catherine Hoving Finance ManagerFinance manager with 30 years of experience in financial reporting with companies such as Western Wireless and Applied Microsystems., Sanjeev KumarBoard MemberFormer founder and COO of Portal Player, sold to NVidia.
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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.