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Security Type
CAFES
Categories
Technology, Travel
Min Investment
$100
Location
Los Angeles, CA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.07M
No. Investors
108
Security Price
$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.
Amount Raised : $136,341
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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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