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Security Type
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CAFES
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Categories
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Technology, Financial Services, 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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$400.00K-$2.50M
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No. Investors
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56
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Security Price
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$1
- Number of Employees
- 0
- Cash
- $54,720
- Revenue
- $134,836
- Short Term Debt
- $3,934
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $40,223
Key Deal Facts
Early results with over $105,000 ARR and partnership with a large financial institution.
Partnership opportunities of $500k in the next 6 months.
Proven team with previous successful start-up experience.
Total addressable market of over $20B in the US alone.
Consumer available cybersecurity has become more necessary than ever.
A consumer facing product with less than 3 months to production.
Access to very early funding round with opportunity for big growth.
Raised $960k from 9 high profile investors prior to opening to the Wefunder crowd.
Management Team / Advisory Board Bios
Matt DeVico Founder & CEOMatt DeVico the Chief Information Security Officer at a Financial Institution based out of SLC, UT with over $15B in annual funding pipelines. He has also been the VP, Operations for a security start-up. Joining as employee #6 with an exit of $200M., James Agnew Growth & MarketingJames Agnew has been the Founder & CEO of many successful startups. James also has over 20 years of experience in consumer Marketing as the Chief Marketing Officer. He has managed over 200M in advertising spend for a $1B revenue/year organization., Jordan Swan VP, EngineeringJordan has led highly technical teams in the financial services and software verticals. Jordan has architected pipeline automations, cloud workloads, and application security in some of the largest and most complex environments in the world.
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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.
