Security Type
CAFES
Categories
Technology, Hardware, Artificial Intelligence, B2C, AI, Software, Y Combinator
Min Investment
$100
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.07M
No. Investors
690
Security Price
$1
Number of Employees
20
Cash
$62,122
Revenue
$1,101,598
Short Term Debt
$49,268
Cost of Goods
$300,015
Long Term Debt
$81,568
Net Income
$119,862
Company Description
πͺ CEO previously built $100M co without VC capital
Key Deal Facts
πͺ CEO previously built $100M co without VC capital
Management Team / Advisory Board Bios
Raymond Lei Cofounder + CEOMulti-time founder. Bootstrapped a $100M+ company. UC Berkeley dropout. Passionate about ecommerce, entrepreneurship, and globalization., Mike Xia Cofounder + CTOHardware and AI engineer by trade. MIT dropout. YC and 500 Startups alumni. Shipped 5M+ hardware at past companies.
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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.
