Cocotaps

Cocotaps

Ultimate Vacation Beverage, 1st Zero Waste company in the state of Nevada

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Security Type
SAFE
Categories
Food & Bev
Min Investment
$100
Location
Las Vegas, NV
Offering Date
September 21, 2018
Expected Close Date
March 20, 2019
Target Raise
$1.07M
Deal Notes

First $100K investors of this fundraise will invest in a SAFE with a $4M valuation cap and 20% discount.

20.0%discount

$25K+pro rata right threshold

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $4M in the future.

Company Description

CocoTaps is an eco-friendly, soon to be zero-waste-certified company. We're finishing our certification so we can be the first zero-waste-certified company in the whole state of Nevada. We invented a device called CocoTaps that allows you to drink fresh from the coconut without any plastic bottles or cans that pollute our oceans and landfills. Processed coconut water is souring people on coconuts because it’s pasteurized. This destroys the flavor and nutrients that are destroyed through processing and packaging. These coconut waters soak up all of the BPAs and other things that are in the plastic containers, and people end up drinking them.

Perks

$500+
Earn a 20% off discount code for any CocoTaps items on the website and free shipping.

$1,000+
Earn a 20% off discount code for any CocoTaps items on the website and free shipping, and CocoTaps swag (hat or shirt).

$10,000+
Receive a free ticket to EDC (Electronic Daisy Carnival) in Las Vegas, and an all-you-can-drink-coconut-water wristband.

$20,000+
Receive two free tickets to EDC (Electronic Daisy Carnival) in Las Vegas, and an all-you-can-drink-coconut-water wristband.

$50,000+
Full one week experiential vacation to Las Vegas, complete with a tour of our headquarters

$100,000+
Full one week experiential vacation to Las Vegas, complete with a tour of our headquarters and a tour of our farm (in CA or Hawaii).

Use of Proceeds

If we raise: $50,000

50% -- Equipment, including POS refrigerators, refrigerator truck, tops for our product

45% -- new hire

5% -- Wefunder Intermediary fee

 

If we raise: $1,070,000

40% -- Build out our own tapping facility and equipment

15% -- Hiring, including a dedicated social media manager, customer relations manager

35% -- Equipment, including POS refrigerators, refrigerator truck, tops for our product

5% -- Filing for patents

5% -- Wefunder intermediary fee

Management Team / Advisory Board Bios

Vincent Zaldivar
CEO
Eco Inventor and responsible entrepreneur, Founded/funded numerous business ventures over 15 years

Deal Notes

First $100K investors of this fundraise will invest in a SAFE with a $4M valuation cap and 20% discount.

20.0%discount

$25K+pro rata right threshold

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $4M in the future.

Amount Raised : $64,458
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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