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Security Type
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CAFES
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Categories
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Technology, Retail, Industrial
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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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$75.00K-$250.00K
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No. Investors
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33
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $16,665
- Revenue
- $104,095
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-48,105
Company Description
📱 Fully Developed Product available in iOS & Google Play Stores
📈 Over 1K users, that span 5 campuses
💰 200K raised to date from Angels
🤓 Product lead team, with strong technical experience
Key Deal Facts
📱 Fully Developed Product available in iOS & Google Play Stores
📈 Over 1K users, that span 5 campuses
💰 200K raised to date from Angels
🤓 Product lead team, with strong technical experience
Management Team / Advisory Board Bios
Michael Brizendine Co-Founder & CEOPreviously a software engineering student at college, who got a first hand experience of how unscalable group chats application are. After finding some success with my Co-founder in building Yornest, I left university to pursue our venture full-time., Shaquile Noor Co-Founder & CTOPreviously the co-founder of a successful digital agency (WDAT) which built dozens of commercial products, I am now a Multi-stack developer and CTO focused on building out the next generation of chat applications and social media.
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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
ⓘ
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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The value of the company compared to similar companies raising money from investors.
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.