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Security Type
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CAFES
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Categories
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Infrastructure, Technology, Education, Social Impact, Service Businesses
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Min Investment
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$100
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Expected Close Date
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March 30, 2023
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Target Raise
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$50.00K-$1.07M
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No. Investors
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143
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Security Price
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$1
- Number of Employees
- 4
- Cash
- $37,807
- Revenue
- $0
- Short Term Debt
- $42,241
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-138,010
Company Description
🚀 Proof of concept produced. 35,000+ (1100+/day) download requests in December 2021
📱130 Million people in the USA lack proficiency in literacy – Edsoma helps solve this problem
👪 Parents who can't read, can't teach. With Edsoma they can.
💕 Edsoma helps families enjoy quality time by building confidence in both Children and adults
🏆Patent-pending voice identification and word recognition technology
💰Global EdTech market is booming and is set to double to more than $252 billion by 2030
🍯 Founder with 3 previous exits; team comprises of Fortune Top 50 leaders, Engineers
Key Deal Facts
🚀 Proof of concept produced. 35,000+ (1100+/day) download requests in December 2021
📱130 Million people in the USA lack proficiency in literacy – Edsoma helps solve this problem
👪 Parents who can't read, can't teach. With Edsoma they can.
💕 Edsoma helps families enjoy quality time by building confidence in both Children and adults
🏆Patent-pending voice identification and word recognition technology
💰Global EdTech market is booming and is set to double to more than $252 billion by 2030
🍯 Founder with 3 previous exits; team comprises of Fortune Top 50 leaders, Engineers
Management Team / Advisory Board Bios
Kyle Wallgren Chief Executive Officer Kyle is a father, entrepreneur, and creator of Edsoma. As an entrepreneur, he has built three multi-million-dollar companies., Diane Burton Chief Education OfficerThroughout her educational career, Dr. Diane Burton has strived to study and support student growth by triangulating how students learn, how teachers teach for student mastery, and what curriculum or programs can support this teaching and learning., Harnil Oza Chief Technology Officer Forbes magazine writes: “[Harnil] almost single-handedly put India on the global map for mobile app developmentâ€. His first company was established 10 years ago and has so far created over 3,100+ mobile apps for clients and comp, Enrique Garcia Chief Financial OfficerWent to Fleet Call as a team member building the 3rd carrier in cellular. With Motorola, we used the frequencies granted to make it work. I lead the development of I.T. Years later, I saw Nextel at the top of the PanAm building in Manhattan., Steve Burton Chief Information Officer Steve has enabled companies to implement hundreds of software solutions and complex systems, using in-house and off-shore technical teams to support large scaling business growth., Nadja Atwal Chief Communications Officer Lead start up companies from living room to market leaders . Among them a swimwear label which made it to be the top featured swimwear brand in US Sports Illustrated Swimsuit issue in only 26 months. Built people from unknown to international stardom., Vaughn Sutherland VP of Sales and Marketing Vaughn is an involved father who earned his college degree via a basketball scholarship at the University of Memphis. Successful leader across multiple industries with Fortune Top 50 companies including McKesson, Verizon, and FedEx.
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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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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.