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Security Type
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CAFES
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Categories
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Technology, Consumer Goods & Products, Retail
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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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120
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Security Price
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$1
- Number of Employees
- 12
- Cash
- $60,232
- Revenue
- $471,659
- Short Term Debt
- $82,667
- Cost of Goods
- $287,828
- Long Term Debt
- $1,696,492
- Net Income
- $-1,155,415
Key Deal Facts
$2.25M+ in revenue & 58.5% margin
99.2% WoW Wisephone user retention rate
61 Net Promoter Score (same as Apple)
Exceeded sales revenue 6 consecutive weeks (mid April- May 2024)
Ex-Google, Autodesk, Cisco leadership team has built billion-dollar brands & products
$3.6M invested in R&D
Positioned to disrupt the colossal $485B smartphone market
On track to $10M in revenue in 3 years via subscription plans & sales (projections not guaranteed)
Management Team / Advisory Board Bios
$1M+ Revenue
Earned over the last 12 months, Repeat Founder
Founder has started a previous company funded with $2M+, Christopher Kaspar CEO & FounderAward-winning entrepreneur. 3x founder including ad & film agencies with clients including Chick-Fil-A and distribution during the NFL Super Bowl. Drove $1B in value for client Texas Precious Metals. Modernized 5th gen family business. Marketing BS. MA., Waleed Yasin Head of EngineeringEngineering expert. Built Burger King app to 10M+ users. Developed custom OS for Techless to protect user privacy. Scaled startup team from 0 to 30+ people. Led projects for Staples, Synchrony Bank, & Deloitte. Computer Software Engineering BS., Wesley LyonsTechless Board Member General Partner at Eagle Venture Fund. 3x private equity fund founder. US Navy Reserve Veteran. Officer in Charge of the US Detachment to the Philippines against ISIS. Mechanical Engineering BS.
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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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.