Otherweb

AI for a junk-free internet

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Form C
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Security Type
CAFES
Categories
Technology, Media, Social Impact
Min Investment
$250
Location
ROUND ROCK, TX
Expected Close Date
August 09, 2024
Target Raise
$10.30K-$4.00M
No. Investors
1
Security Price
$0.80
Website
otherweb.com
Number of Employees
14
Cash
$705,837
Revenue
$562
Short Term Debt
$9,138
Cost of Goods
$675,325
Long Term Debt
$330,000
Net Income
$-687,265

Key Deal Facts

Pitch Video



Investor Panel
Investor Panel
We are a Public Benefit Corporation: developing cutting-edge AI to fix the information ecosystem
Driven by a community of 1.19M active users
Growing 2169x in 7.5 months
Disrupting a $565B/year industry
Riding a $15.7 trillion wave of AI innovation (source: PwC report titled "Sizing the prize")

Management Team / Advisory Board Bios

Alex Fink CEOTwo-time founder, former VP engineering of a VR startup, and a prolific inventor with 25+ patents granted so far., Jurij Smrke, PhD Chief Data ScientistPhD in software engineering. MA in journalism and media studies. 10+ years of experience in big data and distributed algorithms., Chris More Strategic Advisor, GrowthVP growth at Brave. Former head of growth at Mozilla. Pioneer in growth-hacking and product-led growth., Rich Evans Strategic Advisor, News & Mediax-Meta, Yahoo, Sky News | Journalist specializing in Trust & Safety, Moderation, News, Audience Development, Governance, Metaverse, VR, & ML., Peter Saint-Andre Strategic Advisor, PartnershipsFormer CTO of 2 startups with successful exits. Former head of partnerships at Mozilla., Bob Fine Strategic Advisor, Community BuildingEditor-in-chief of the Social Media Monthly. Executive director at the IVRHA. Part-time professor at West Virginia University and Champlain College. Expert at building communities and organizing community events., Yaki Tsaig Strategic Advisor, AI & NLPManaging director at Blackrock, heading all algorithmic and AI-based trading in a $150B portfolio. Stanford PhD in computational mathematics and engineering. Expert in natural language processing.
Amount Raised : $1,094,823
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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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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.

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