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Security Type
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CAFES
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Categories
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Technology, Social Impact, Retail, Community & Lifestyle
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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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$250.00K-$1.07M
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No. Investors
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180
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $178,367
- Revenue
- $510,404
- Short Term Debt
- $160,219
- Cost of Goods
- $205,612
- Long Term Debt
- $0
- Net Income
- $-85,603
Key Deal Facts
💸 $600K in 2021 revenue, Y/Y increase of 166%, 5X increase in site traffic
🤝 On-going partnerships with all major Seattle pro-sports teams, Apple, & the City of Seattle
💫 LGBTQ Female-founded diverse team of entrepreneurs, technologists + social impact leaders
💥 80K avg monthly reach on IG & FB & 118K avg monthly impressions on Twitter
📍 Greater Seattle focus to date - market expansion offers clear growth path
🛍 110M consumers spend $23.3B on Small Business Saturday, and 95% want to shop small all year long
Management Team / Advisory Board Bios
Laura Clise CEOExperienced social impact leader. Previous roles in sustainability & CSR at Weyerhaeuser, Plum Creek, AREVA. Aspen Institute Fellow, Seattle Magazine Most Influential 2020, SVP Fast Pitch Winner 2020,
GSBA Business & Humanitarian Award 2021, Danna Redmond Strategy and OperationsSeasoned entrepreneur, founder and operator of multiple start-ups. Previous roles as a senior leader in online and customer success at Microsoft., Joel Simpson EngineeringCo-Founder Alegion. a crowd sourcing automation company. Deep experience spanning the full scope and lifecycle of software products development., Kristina Rivera Content and MarketingExperienced content and social media marketer.
Social impact communications specialist. Previously of Weber Shandwick.
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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.