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Security Type
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CAFES
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Categories
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Education, Technology, Retail
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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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$50.00K-$1.00M
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No. Investors
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25
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $2,430
- Revenue
- $0
- Short Term Debt
- $1,298
- Cost of Goods
- $0
- Long Term Debt
- $30,000
- Net Income
- $-29,005
Key Deal Facts
๐จโ๐ป Founded by an MIT Media Lab grad, former math and physics teacher, and serial entrepreneur
๐ฅ Phenomena is the first marketplace devoted solely to digital learning experiences
๐งโ๐ค We're advancing the state of education for today's digitally native students
๐ The Phenomena Creator Tool will allow anyone to easily build and publish engaging educational apps
๐ญ The Phenomena marketplace is like an educational "candy store" for students, paid for by parents
๐ The consumer edtech market is valued at $268B and is growing at 16.3% year over year
๐ We're excited for you to join our mission to reimagine education and make learning engaging for all
Management Team / Advisory Board Bios
Jared Schiffman Founder & CEOMIT Computer Science + MIT Media Lab Graduate,
Former รขโฌหHigh Tech Highรขโฌโข Math & Physics Teacher,
Founder of Perch Interactive, Potion Design and Popplet, National Design Award finalist for Interaction Design
Reveal the Score by Voting
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Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
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.
