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Security Type
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CAFES
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Categories
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Technology, Travel
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Min Investment
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$100
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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-$1.07M
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No. Investors
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108
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Security Price
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$1
- Number of Employees
- 1
- Cash
- $175,184
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-79,449
Company Description
Backed by the founders of Hipmunk, multiple members of Reddit's current executive team, and former YC founders.
Built and led by serial founder and prior Head of Engineering at MineralSoft
Bringing back the successful user experience, value, simplicity, and passion of Hipmunk
Learning the lessons from Hipmunk's shutdown with a new business model.
Key Deal Facts
Backed by the founders of Hipmunk, multiple members of Reddit's current executive team, and former YC founders.
Built and led by serial founder and prior Head of Engineering at MineralSoft
Bringing back the successful user experience, value, simplicity, and passion of Hipmunk
Learning the lessons from Hipmunk's shutdown with a new business model.
Management Team / Advisory Board Bios
Max Morlocke Cofounder + CEOSerial founder and product development leader. Former Head of Engineering at MineralSoft (YC W16) and Cofounder + CTO of Lexria., Adam Goldstein Board Chairman Former founder + CEO of Hipmunk, former YC visiting partner, currently developing new models for biological systems with a focus on cancer at Levin Lab @ Tufts University.
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Business Idea
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Business Traction
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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.