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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
Key Deal Facts
Easy-to-use approach makes the app appropriate for all backcountry skiers
Raised $300k to get to beta and launch; Using the data from our tests validated a working MVP
Completed ICE Lab Incubator through Western State University
Validated algorithm against past 10yrs + of avalanche deaths. Algorithm prevents 100% of deaths
Designed & tested more than 15 different prototypes with a variety of users; experienced and novice
Management Team / Advisory Board Bios
Jeff Banks Founder & CEOCertified IFMGA guide, Avalanche survivor.
Jeff has taught avalanche safety courses for over 20 years in Europe and the US.
Jeff has trained people and groups from the most elite Special Forces, to Mountain Guides, and to athletes of all levels., JB Leach Founder & COOJB Leach, has more than 20 years of product design and strategy expertise. He has adeptly guided complex projects with uncertain objectives, intricate user and business challenges to success through design thinking and a user first approach., Jeff Banks
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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.