Otherweb

AI for a junk-free internet

Security Type: CAFES
Categories: Technology, AI, Media, PBC & B Corp, Mobile Apps
Min Investment: $250
Location: Round Rock, TX
Expected Close Date: April 29, 2024
Target Raise: $50.00K-$750.00K
No. Investors: 414
Security Price: $1
Website: otherweb.com

Number of Employees: 2
Cash: $21,294
Revenue: $113
Short Term Debt: $35,424
Cost of Goods: $0
Long Term Debt: $150,808
Net Income: $158,930

Key Deal Facts

We are a Public Benefit Corporation
Driven by a community of 93k active users, and
Doubling in size every 2 weeks (on average)
We are a mission-bound team of engineers and world-class advisors
Disrupting a $565B/year (and growing 9.7% YoY) industry
Improving the quality of information people consume

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., Peter Saint-Andre Strategic Advisor, EthicsFormer 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 : $367,350

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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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