-
Security Type
-
CAFES
-
Categories
-
Technology, Financial Services
-
Min Investment
-
$100
-
Location
-
Delaware City , Delaware
Key Deal Facts
A platform for the booming business of skilled remote contract work
$4k MRR and 410 contractors registered in 4 weeks
Founders hail from Harvard, Dartmouth, Snapchat; and have done independent work with 15+ clients
$9.6B revenue opportunity in the US and growing 30% year-on-year
Investors: Amino Capital, Phoenix Club, Pareto; execs at Amazon, Salesforce; scouts at Sequoia, KP
Management Team / Advisory Board Bios
David Paffenholz CEO & co-founderPreviously International Growth at Snap and Founder's Associate at Moonfare. BA from Harvard, Economics., Ishan Gupta CTO & co-founderPreviously led a development agency with 15+ clients. Ex-SWE at BlueLearn. On leave from Dartmouth (Computer Science)
Reveal the Score by Voting
＿
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.