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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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Location
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San Francisco, , CA
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No. Investors
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4
Key Deal Facts
Explosive 2024 growth: $23.7M in revenue, 70% user increase, 2x funds raised, 4x projects launched
$3.7B+ in funds managed, $650M paid to creators, & 15M users engaged since inception
Led by YC alum & serial entrepreneurs with 2 exits and experience scaling to 100M+ users
Backed by Y Combinator CEO Garry Tan and Gumroad CEO Sahil Lavingia
Management Team / Advisory Board Bios
Notable Angel
Raised $25k or more from a notable angel investor, Y Combinator
Raised from Y Combinator, $20M+ Revenue
Earned over the last 12 months, Maxwell SalzbergChief Executive Officer & Co-FounderCrowdfunding innovator. 2x founder. YC S12. Co-led the first ever $100K+ crowdfunded project. Redefined crowdfunding by co-inventing pledge management with BackerKit CCO. NYU Computer Science BS., Rosanna YauChief Creative Officer, Co-FounderDesign guru. 3x founder. YC S12. Former California College of Arts Graphic Productions faculty member. University of California Communication Design BS. California College of Arts Interaction Design MFA., Alex CavoulacosAlexandra Cavoulacos, Chief Operating OfficerOperations executive. 3x founder. YC W12. Co-founded and scaled The Muse from 0 to 75M+ users. Co-founded Meta Angels, acquired in 2022. Forbes 30 under 30 in Media. Best-selling author. Ex-McKinsey. Yale BA.
Amount Raised
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$2,713,308
Reveal the Score by Voting
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
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.