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Security Type
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CAFES
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Categories
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Other, Technology, Community & Lifestyle
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Min Investment
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$250
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Location
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Los Angeles, , CA
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No. Investors
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29
Key Deal Facts
We have over $1.1M in revenue to date. We are up 300% year of year.
We are two stars of the hit Netflix documentary, OPERATION VARSITY BLUES (on the ethical side!)
We are backed by Google, GSV, USC, Gener8tor, and Techstars
Check out our video for our employee benefit model. We just signed Visa!
http://y2u.be/T05SJ0V3Ulo
Check out our video and see the impact! https://vimeo.com/377190995
We're born out of a company (PEN) that served over 15,000 students.We have a deep domaine expertise!
We just hired a new head of sales who used to run sales at Kaplan, Revolution Prep and C2!
Out of 268 parent consultations, we have closed 205 families, giving us a 76% close rate!
Management Team / Advisory Board Bios
Perry Kalmus Co-Founder and CEOOutside of graduating cum laude from Williams College and surviving a major Hollywood talent agency, Perry is proud of building AKALA and watching students make it to colleges they never would have dreamed of otherwise, Debon LewisCo-Founder and President Outside of graduating from UPENN, becoming a first-time father and being a loyal husband, Debon was the founding principal of 3 charter middle schools in the Kipp and Achievement First networks, changing the lives of America's underserved youth., Barbara KalmusCo-Founder and Head of Product Aside from raising 3 children to be global citizens, Barbara founded the Princeton Education Network in 1994. The company has helped 15,000 students get into the colleges of their dreams. Now she is fulfilling her life mission of giving access to all., Steve HelgesonVP of SalesRan sales at Kaplan, Revolution Prep and C2, Lindsay OpieCounselor Leading a consulting team for LACI on a project for a client, all in Spanish. They were an LA community garden working to fight food insecurity and she helped them develop a new youth intern program and a community supported agriculture box system., Joelle FergusonCounselorWinning $10,000 at USC to initiate a campus-wide mental health program., Mirko Bojcic Technical Lead / Chief ArchitectHe saved the AKALA platform!
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.