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Security Type
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CAFES
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Categories
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Entertainment, Technology, 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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$50.00K-$199.00K
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No. Investors
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116
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Security Price
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$1
- Number of Employees
- 3
- Cash
- $13,935
- Revenue
- $366
- Short Term Debt
- $1,106
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-84,414
Key Deal Facts
๐ฅพ Bootstrapped to Over 12,000 Users in New York City
๐ 10,000 People Waitlisted Nationwideโ Launching Los Angeles and Chicago Late Summer '22
๐ 45,000 Total Downloads, 40,000 Matches Made in New York City
๐ Targeting a Huge & Growing Market: Projected 343.5 Million Paying Online Daters by 2026
๐ Earned Media: LIVE With Kelly and Ryan, CNBC, The New York Post, Bustle, Elite Daily, Pix11 News
๐ฏโโ๏ธ Female Founders Fixing App-Dating Through Mental, Social, & Physical Well-being
๐ฐOver $300,000 of the $1,000,000 Pre-Seed Round Already Raised
Management Team / Advisory Board Bios
Julie Griggs Co-Founder of Fourplay Social* Graduated as the recipient of the Dean's Award of Excellence for Outstanding Service from the Rutgers University Physician Assistant Program
* Worked on the frontlines of the COVID-19 pandemic as a PA-C while scaling Fourplay to >10,000 users, Danielle Dietzek Co-Founder of Fourplay Social*Helped approximately 2,640 babies (and moms!) breastfeed as a Maternal/Newborn RN for over 7 years
*Has gotten Fourplay Social's TikTok and Instagram accounts more than 10 million views in 2022 alone, Danny Barnes VP of Engineering*Has over 9 years of experience as a full-stack software engineer and reported directly to the CEO at his last company
*Somehow puts up with Julie & Danielle
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.
