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Security Type
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CAFES
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Categories
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Technology, Entertainment, Media
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Min Investment
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$100
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Location
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Manhattan Beach, CA
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Expected Close Date
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April 30, 2023
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Target Raise
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$25.00K-$107.00K
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No. Investors
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19
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Security Price
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$1
- Number of Employees
- 5
- Cash
- $50
- Revenue
- $636,749
- Short Term Debt
- $16,000
- Cost of Goods
- $406,180
- Long Term Debt
- $837,538
- Net Income
- $-270,850
Key Deal Facts
📈Post revenue with major clients including Disney, Hulu, Crocs and Amazon
🧲Average campaign retention rate of 18%
⚡️Unparalleled network of brands and music stakeholders, including Roc Nation and Atlantic Records
💡Experienced team with 3 Grammy awards, multiple exits, and industry experience at MTV and Viacom
🏝Finalist for Silicon Beach Startup of the
Year (2019)
💻Platform MVP Fully Developed
Management Team / Advisory Board Bios
Krish Sharma CEO25 years in music as a producer, recording engineer, and business owner. 3-time Grammy winner with multiple platinum albums. Studio clients include major artists such as the Rolling Stones and Ziggy
Marley., Michael Alden President & COO4x CEO with successful exits. Extensive experience leading growth, revenue, and operations management for SaaS startups. Cross-functional experience as CEO, President, Advisor and Operations & Strategy Executive., Brendan Shepherd Head of Brand Partnerships18-years of experience in ad sales at companies like MTV. Former VP at Viacom with 360 sales leadership – TV, digital and social media agency and client background.
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.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
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
ⓘ
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.
