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Security Type
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CAFES
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Categories
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Technology, Healthcare & Medical, Repeat Founder
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Min Investment
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$100
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No. Investors
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30
Key Deal Facts
A new kind of technology for rapid detection of multiple drugs in breath
"Removable One-time use" sensor cartridge for detection & testing of multiple narcotics
A new approach to life-saving, accurate detection of narcotics in the field
Addressing a critical issue affecting nearly every country, the global drug abuse epidemic
World-class team with prior start-up experience and multiple successful exits
Strong reception from potential customers during pre-sales marketing
Applications for core technology beyond narcotics detection, including environmental monitoring
Management Team / Advisory Board Bios
Repeat Founder
Started a prior company with $2M+ in funding or revenue, Mark WongCEO / Co-FounderMark has 20 years of Sales, Marketing, and Executive Leadership experience in Hi-Tech and Semiconductor markets. Co-Founder of multiple startups., John RudinCTOJohn is a highly accomplished technical leader. he spent 21 years at Hewlett Packard Labs in Bristol and co-founder multiple startups. He has over 25 patent families filed and has managed a number of successful TSB/Innovate UK/SBRI projects., Dwight DunaganEVP OperationsFormer SDPD detective and expert witness. Dr. Dunagan worked as a drug recognition expert, gang task force and criminal intelligence specialist. Dr. Dunagan is also a clinical psychologist who ran substance abuse and mental health recovery centers., Tim BeardAdvisor
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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.
