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Security Type
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CAFES
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Categories
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Technology, Financial Services, Community & Lifestyle, Service Businesses
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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-$250.00K
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No. Investors
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65
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Security Price
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$1
- Number of Employees
- 5
- Cash
- $83,830
- Revenue
- $2,639
- Short Term Debt
- $3,080
- Cost of Goods
- $0
- Long Term Debt
- $100,000
- Net Income
- $-32,585
Key Deal Facts
π Field workers operate in remote areas collecting loads of data, most of them using pen and paper.
π We won the most innovative solution Award by Start-Up Chile!
π©βπ» We have software skills, field operations, and start-up experience, including two exits.
π₯ We are a Techstars-backed company! 85% of their portfolio is successful!
π± We have 9 customers in labor-intensive industries, they need to move seamlessly online/offline
π The total addressable is $1.4B in America and bigger worldwide.
π We just launched our latest version, and we are growing over 10% MoM without marketing it.
Management Team / Advisory Board Bios
Max Echeverria Founder & CEOInternationally Awarded Founder & CEO.
He created an accelerator that was ranked nΓΒΊ1 in Chile for college-level startups, where he impacted 6000+ students in less than 3 years, launching new companies each term.
Exited 2 previous startups., Donald Inostroza Co-founder & CTOResponsible for the design and development of one of the key innovations in Chilean wire transfers using mobile apps.
Because of that, he served banks in America, Chile, airlines, and tv stations.
Started 2 previous companies., David Osorio Co-founder & Lead Sofware DeveloperHas created a processes automation software for forestry. Also has built rental software for soccer fields and inventory, and a listing system for events. Which has been widely used nationally although he was the only developer behind the systems.
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.