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Security Type
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CAFES
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Categories
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Retail, Consumer Goods & Products, Fashion & Accessories, Sustainability
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$300.00K
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Security Price
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$1
- Number of Employees
- 4
- Cash
- $0
- Revenue
- $0
- Short Term Debt
- $588
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-588
Key Deal Facts
🤛 EXPERIENCE- slø raised $300k on Wefunder from 1100+ Investors
❤️ SALES - $1,100,000+ in sales in the first 14 months.
✨ Unique denim experience, 10 layers of customization, and 1m+ possible combinations.
🤙 POWERED BY - 700,000 suggestions from the community. We are a community built from the ground up.
✨ SEEN ON - 35m Views, 8m Likes, 1m Followers on TikTok with $0 Adspend
🥵 EXPANDING - The only thing that has held us back has been reliable manufacturing- Not anymore!
LIFE CHANGING - Investing in the local community, our people, and their families will change lives.
SPEED - By 2025 we will be able to produce your made to order jeans within 14 days.
Management Team / Advisory Board Bios
Kristian Hansen Founder & CEO1m+ followers on Social Media, 30m + Views, 150+ cities visited, $300k raised on Wefunder. Generated over $1m in organic sales via personal TikTok page. Award-winning entrepreneur and former pro athlete., Abhi Chaudhuri Co-founder & CTO2x Founder - Graduate Computer Engineering from McGill University, Zeena Mawlawi Director CommunicationsPentalinguial World Traveler, McGill Psychology Graduate, and former high net worth event coordinator with a passion for fashion and sustainability., Mustafa KatiHead of Production - TurkeyManaged 7+ million pairs of jeans per year as a lead merchandiser at one of Turkey's largest denim producers. 30+ years of experience in Denim, Daniel Goodrich General CounselDigital-forward corporate startup attorney. Recovering New Yorker.
Daniel is the Founder & CEO of @VirtualCounsel™, the original 24/7 monthly subscription legal solution for startups., Ralph De Lisle COO2x Founder and the newest edition to the C-Suite. Ralph is a Cambridge Graduate with extensive experience in consumer products and brands. At slø he will be tackling our new operations system as we expand to new markets.
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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
ⓘ
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.