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Security Type
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CAFES
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Categories
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Technology, 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 29, 2024
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Target Raise
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$25.00K-$124.00K
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No. Investors
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86
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Security Price
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$1
- Number of Employees
- 10
- Cash
- $1,480,359
- Revenue
- $1,013,060
- Short Term Debt
- $23,155
- Cost of Goods
- $178,697
- Long Term Debt
- $227,213
- Net Income
- $-406,123
Key Deal Facts
$105k MRR, 400+ customers
Repeat founders with an exit in the restaurant business
Offers SMS marketing, real-time feedback and phone automation services
$23b market (ARPA: $350/month)
$1.1M raised in this round from Cathexis Ventures and Dragon Capital. Bootstrapped until this raise.
Management Team / Advisory Board Bios
Shane Murphy Co-founder & CEO Previously ran sales for Jolt, a restaurant operations software company, and was a sales leader, early team member, and investor in American HealthCare Lending (acquired by Prosper Marketplace)., Mikey Murphy Co-founderConsummate generalist w/ a focus on product; BYU CS, Techstars '16, & 3x CTO.
Amount Raised
:
$1,667,814
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
ⓘ
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.
