Security Type
CAFES
Categories
Technology, Infrastructure, Retail, Financial Services, Travel
Min Investment
$100
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$5.00M
No. Investors
4
Security Price
$1
Number of Employees
4
Cash
$2,294,630
Revenue
$1,263,075
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$4,784,754
Net Income
$-2,311,741
Key Deal Facts
🚀 25k+ total members on our waitlist
Management Team / Advisory Board Bios
Corey Ashton Walters CEOBefore Here, I co-founded Homeworthy, a venture-backed first-of-its-kind fully remote cloud real estate brokerage that served homeowners located in over 900 cities across the Pacific Northwest., Caleb Olthoff Head of ProductCaleb has a deep understanding of the vacation rental market platforms required for booking and ability to scale technology quickly from his role as SVP of Technology at Evolve., Keith Breon Head of Operations3rd employee at Vacasa (10 years), established Vacasa’s channel marketing, analytics, international localization, unit listing content, and reservation sales teams that generated over $1.25 billion in sales., Eugene Davidzon Head of AcquisitionsPreviously Acquisitions at Divvy Homes. Eugene has 17 years of real estate acquisitions and valuation experience to build bridges between real estate proptech and traditional brokerage., Tucker McKay Investor RelationsPreviously Investor Operations at AngelList and Customer Experience at Divvy Homes
Amount Raised
:
$2,161,780
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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.
Thomas M, 1 year ago
To me this looks like a scam along the lines of FTX. Corey Ashton Walters refused to answer questions on Wefunder. When I pressed him he cancelled my investment. That isn't the way an honest founder should behave. There haven't been any new properties on their site in Q2 & Q3 2023 and the existing ones are barely ever rented out. For 2023 the IRR is an embarrassing 0.5%.