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Security Type
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CAFES
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Categories
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Technology, Other, Financial Services
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Min Investment
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$100
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Expected Close Date
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April 30, 2022
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Target Raise
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$100.00K-$1.07M
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $22,283
- Revenue
- $0
- Short Term Debt
- $4,069
- Cost of Goods
- $0
- Long Term Debt
- $167,026
- Net Income
- $-53,664
Key Deal Facts
Pitch Video
Investor Panel
Investor Panel
Annualized sales grew 10X, from $60k in 2023 Q3 to $600k 2024.
Our gross margin is 3X that of a typical Starbucks
We now have 2 locations in operation. The third location is expected to be opened in April 2025.
Our estimated revenue next year is $2M. Possibly reaching profitability in 2025.
Unique advanced technology stack, not just for coffee. Can be simply extended into other categories.
Extremely focused, hardcore, and skillful team of engineers.
Monolith system ensuring high efficiency.
Management Team / Advisory Board Bios
VC-Backed
Raised $250K or more from a venture firm, Y Combinator
Raised from Y Combinator, Jack Cui Co-founder & CEOJack dropped out from the University of Illinois on a MS Ph.D. track in ECE, one of the top 4 ECE programs in the world. Y Combinator and Google alum. Worked on robotics for 10 years., Garrett Yan Co-founder & COOGarrett has a Masters in Electrical and Electronics Engineering from the University of Illinois - Champaign-Urbana, one of the top 4 ECE programs in the world. Y Combinator alum.
Amount Raised
:
$2,370,405
Reveal the Score by Voting
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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.