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Security Type
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CAFES
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Categories
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Retail, Consumer Goods & Products, Community & Lifestyle
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Min Investment
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$250
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Location
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Missouri City, , TX
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No. Investors
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1
Key Deal Facts
$11M in revenue in our first 27 months. Named #3 in the Top 50 fastest-growing athleisure brands.
Black owned with the purpose and mission to uplift and re-invest back into the black community.
Major brand partnerships with Marvel, Disney, NBA, Muhammad Ali, Bob Marley, MLK Estates & More
Outfitted Team Nigeria in the 2024 Paris Olympics.
Featured in the New York Times, Forbes, Essence, Business Insider, Fast Company, etc.
Advisors include Daymond John, Trevor Edwards, Jonathan Mildenhall, Caroline Wanga, Jeron Smith.
309K+ Instagram followers. TikTok videos have been viewed over 5 million times.
Named "Best In Business" by Inc. Magazine
Management Team / Advisory Board Bios
VC-Backed
Raised $250K or more from a venture firm, $5M+ Revenue
Earned over the last 12 months, Lanny Smith FounderFormer NBA Player turned Founder after career ending knee injury. Founded Active Faith Sports in 2010 with business partners Steph Curry and Anthony Tolliver and grew that brand from zero to $20M+ in revenue. Launched Actively Black in 2020 out of his apartment and in 3 years has become 1 of the fastest growing athleisure brands in America. Created Actively Black as a Premium, Black owned alternative to existing brands in the athleisure space that have profited Billions from Black talent, Black culture and Black consumerism but lack authentic re-investment into Black communities. Lanny is building Actively Black with the sole purpose of uplifting and giving back to the Black community.
Amount Raised
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$1,393,581
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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.