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Security Type
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CAFES
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Categories
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Technology, Beauty & Personal Care, Fashion & Accessories, Healthcare & Medical, 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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$50.00K-$1.00M
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No. Investors
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112
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $185
- Revenue
- $8,440
- Short Term Debt
- $0
- Cost of Goods
- $5,955
- Long Term Debt
- $0
- Net Income
- $-14,567
Key Deal Facts
ππ½ββοΈ 2300 hair entrepreneurs have joined since we launched in 2021
πͺ Partnered with educators with work seen on Essence, Glamour, Bronner Bros, Salon Today 200 & More
πΈ $112,000 raised with institutional investors to date
πSelected for OCEAN Accelerator
πͺπ½ Co-Founders with combined 20 years platform tech experience
π Fills huge gap in cosmetology school market: textured hair education
ππΎ Empowers BIPOC hair industry entrepreneurs
Management Team / Advisory Board Bios
Stephanie Laflora CEO10+ years of experience as a business & brand strategist for enterprise, media, finance, tech, retail & social services organizations. Closed over $4 million in funding for minority owned small business'., Ryan Holdeman COOGuided organizations in innovating their business models in mental health treatment, financial services, African-American Churches and others to leverage digital and develop new products from ideation to in-market prototyping and testing.
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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.