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Security Type
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CAFES
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Categories
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Restaurants, Food & Bev, Technology
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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-$105.00K
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No. Investors
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29
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $293
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $59
- Long Term Debt
- $16,400
- Net Income
- $-60,167
Key Deal Facts
$7.2M projected ARR by 2025 (not guaranteed)
13 menu accounts set up so far
Foodi is the first company solely focused on menus, presenting massive data capture opportunities
Niche focus allows us to turn potential competitors into partners
US hospitality market projected to reach $898B this year
Management Team / Advisory Board Bios
Ben Fisher CEO and FounderBen is a marketing, technology, and innovation management professional with 6 years combined experience growing both B2B and nonprofit marketing teams - resulting in $1.2M raised. 1st Place Winner of the 2022 Westside Pitch. Self-proclaimed Foodie., Julia Sherwood Graphic Designer and Brand Strategist, Russell R Boedeker Finance & Business Advisor, Mark Klein Technical & Business Advisor, Sheri Fisher Sales Strategist
Reveal the Score by Voting
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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.