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Security Type
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CAFES
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Categories
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Technology, Crypto & Blockchain, Sports & Fitness, Community & Lifestyle, Media
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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-$1.24M
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No. Investors
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41
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Security Price
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$1
- Number of Employees
- 2
- Cash
- $471,281
- Revenue
- $0
- Short Term Debt
- $24,500
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-229,889
Key Deal Facts
Co-founded by sports-legend family ๐โพ, Jack Booty and Josh Booty (LSU, NFL, MLB)
The #1 most searched word across social media is "Challenge" -- high demand ๐ฅ
Raised $1.35M from Friends & Family Round as of June 2022 ๐
Many ways to monetize ๐
: sponsored-challenges , merch, advertising, in-app wallet, transaction fees
Viral nature โจ of capturing fun, competitive moments in short-form videos
The first platform to engage all challengers and viewers in stories from start to finish ๐ฑ
Advanced tech ๐: dApp, Web3 backend with Passwordless login, decentralized storage, and blockchain
Management Team / Advisory Board Bios
Jack Booty Co-FounderJack founded a vendor company and store front in Disney and grew it into a multi-million dollar business in just a few years. Kettle Kingdom was one of the most successful independently operated retail store within the Disneyland., Josh Booty Co-FounderJosh accepted the largest signing bonus in MLB history, joining the Marlins right out of high school, then turned to join LSUรขโฌโขs college football program, and was drafted to the NFL, playing for the Seattle Seahawks, Cleveland Browns, Oakland Raiders., Michael Caplovitz Technical Co-FounderMichael, former head of innovation at Howard Hughes Corp, founded and created GetChkd - a patented full-suite enterprise blockchain infrastructure platform that enables Web3 and is the backbone of the Bula App.
Reveal the Score by Voting
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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.