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Security Type
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CAFES
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Categories
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Technology, Infrastructure, Community & Lifestyle, Other, Service Businesses, Transportation & Storage, Childcare
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Min Investment
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$250
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Location
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Mechanicsburg, PA
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Expected Close Date
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April 29, 2024
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Target Raise
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$39.00K-$618.00K
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No. Investors
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160
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Security Price
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$1
- Number of Employees
- 12
- Cash
- $41,427
- Revenue
- $69,821
- Short Term Debt
- $91,876
- Cost of Goods
- $199,466
- Long Term Debt
- $0
- Net Income
- $-1,151,357
Company Description
Partnership with Tusk Holdings' Pericles Program, who cleared regulatory hurdles for Uber & Lemonade
TAM: $173.6B
70% avg. week-over-week growth rate in TX & AZ since Jan. 2022 launch. Prepping for launch in NC.
Self-developed apps, integrated safety-enhancing tech are operational. Co. is insured and licensed.
Only North American co. chosen for final five in Movmi’s competitive International Mobility contest.
Poised to be 1st licensed children’s rideshare in heavily regulated, densely populated NE states.
Word-of-mouth spread has created waitlists in about 30% of US states, with NJ’s list >500 families
Proven Traction through thousands of beta and active rides by experienced team
Key Deal Facts
Partnership with Tusk Holdings' Pericles Program, who cleared regulatory hurdles for Uber & Lemonade
TAM: $173.6B
70% avg. week-over-week growth rate in TX & AZ since Jan. 2022 launch. Prepping for launch in NC.
Self-developed apps, integrated safety-enhancing tech are operational. Co. is insured and licensed.
Only North American co. chosen for final five in Movmi’s competitive International Mobility contest.
Poised to be 1st licensed children’s rideshare in heavily regulated, densely populated NE states.
Word-of-mouth spread has created waitlists in about 30% of US states, with NJ’s list >500 families
Proven Traction through thousands of beta and active rides by experienced team
Management Team / Advisory Board Bios
Rebecca Lock Founder/CEOMy children, Shuri Alarcon COOTraining for and completing several Spartan Races, Brittany Labrincha VP, Driving Nanny Team, Rick Gilman CIO, Eric Morse CMO, Ben Jaeger-Thomas, Jennifer Kessler, Deb Engel, Colleen Sweeney Director of Driving Nanny Selection and Hiring, Stacee Parker Director of Driving Nanny OperationsMy 2 children, Corinne Blair Director of Driving Training, Liza Chavez Being a mother becoming an herbalist running a 5k, Sandra Phillips AdvisorInternational Mobility/Ridesharing Architect; MOVMI, Founder, John Gardner Advisor, Mike Lock AdvisorExecutive Director at AQR Capital Management
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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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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.