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Security Type
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CAFES
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Categories
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Technology, Retail, Financial Services
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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-$150.00K
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No. Investors
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11
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Security Price
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$1
- Number of Employees
- 1
- Cash
- $2,649
- Revenue
- $48
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $-4,451
Key Deal Facts
💡 10+ years of experience in made-on-demand industry.
👍🏼 14 providers and 13 merchants of made-on-demand products on waitlist. 🗒
💵 Market Sizing: $197 billion TAM, $4.9 billion SAM with 34% annual growth. 📈
💸 Projected $1M in revenue at the end of year 2 (not guaranteed)
🔥 Generated first sale in less than 2 months of starting development. 🥳
Management Team / Advisory Board Bios
Chris Bauman Co-Founder and CEO10+ years of experience in the made-on-demand industry. Serial entrepreneur, self-published a children's book, avid and quick learner, Texas MBA, and USMC veteran., Greg Barcza Co-Founder and CTOFormer co-founder and CTO of Recart that has generated $120,000,000+ extra revenue for its customers thus far (https://recart.com/).
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Business Idea
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Business Traction
ⓘ
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Management Team
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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.