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Security Type
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CAFES
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Categories
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Technology
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Min Investment
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$100
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Location
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West Chester, PA
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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-$250.00K
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No. Investors
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21
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $272,006
- Revenue
- $1,544
- Short Term Debt
- $241,193
- Cost of Goods
- $111
- Long Term Debt
- $0
- Net Income
- $-129,307
Company Description
SaaS business that empowers trainers and gyms with online tools to run and scale their business.
Wellness and fitness industry is growing. Particularly the virtual fitness market (33.5% CAGR through 2020).
Marketplace that connects creators to consumers. Asset-light model with no inventory or gyms. High growth, low overhead.
Key Deal Facts
SaaS business that empowers trainers and gyms with online tools to run and scale their business.
Wellness and fitness industry is growing. Particularly the virtual fitness market (33.5% CAGR through 2020).
Marketplace that connects creators to consumers. Asset-light model with no inventory or gyms. High growth, low overhead.
Management Team / Advisory Board Bios
Shaun Ziegler Co-founder, CGOLifelong entrepreneur with a passion for fitness.
Founded Landscaping Company in high school (still operable and fully sustainable.)
Founded custom t-shirt business in college., Chris Putsch Founder, CEOCertified personal trainer and benefits consultant. As a type one diabetic, completed multiple Iron Man 70.3.
Reveal the Score by Voting
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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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.