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Security Type
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CAFES
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Categories
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Technology, Entertainment, Travel, Community & Lifestyle
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Min Investment
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$250
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Offering Date
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November 02, 2021
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$249.00K
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No. Investors
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77
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $0
- Revenue
- $0
- Short Term Debt
- $16,457
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-60,700
Company Description
When was the last time you got out and discovered something truly amazing about your community, like a community food festival, or a fun wine tasting event at your local hang out? Getting a pulse on what’s happening today to find fun things to do can be frustrating and time-consuming. Searching on Google is a rabbit hole and Google Maps is an overwhelming unstructured map. Yelp isn’t in the moment, and it’s really just about places, not experiences. Stop going to the same boring places and doing the same boring things!
Key Deal Facts
Bringing a one-of-a-kind local discovery experience to a $629B global advertising market
Patent-pending technology
Over 6200 videos generated and over 360,000 views within 9 months of soft-launching in Phoenix
The average daily viewing duration is steadily climbing to 12 minutes and 15 seconds
Now operating in Phoenix, Austin, and Los Angeles. Plans to expand to other cities soon.
We help businesses get discovered
Our business customers are gaining more new customers than Instagram and TikTok
Generating revenue from collaborations with community organizations, like Rail CDC and LISC
Management Team / Advisory Board Bios
Adrian Gillette, CEO
I led the web application team at Personal Capital. Our online financial management application won the Finnovate’s “Best in Show†in 2012.
Tony Ce, Community Builder
Organized the first Phoenix Night Market community event that had over 10,000 visitors.
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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.