Both& Apparel

One-stop shop for the nonbinary generation

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Security Type
CAFES
Categories
B2C, Retail, Minority Founder
Min Investment
$100
Location
Albuquerque, NM
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$124.00K
No. Investors
91
Security Price
$1
Number of Employees
1
Cash
$80,000
Revenue
$59,735
Short Term Debt
$3,876
Cost of Goods
$28,569
Long Term Debt
$157,584
Net Income
$53,697

Key Deal Facts

πŸ“ˆ 135% average sales growth each quarter since launch.
πŸ’Έ AOV has gone from $58 to $97.
πŸ’« 32% repeat customer rateβ€” 3x national average.
⭐ Top percentile of 5 star reviews on Shopify.
😍 <7% return rate (half the US average)
πŸ’° Raised 400k from top angel and angel syndicate groups.
πŸ‘¬ Founder-consumer fit + team with 20+ years experience in the industry.

Management Team / Advisory Board Bios

Finnegan Shepard Founder & CEOTrans writer, entrepreneur, and ex-academic. Background in start up strategy, voice branding, and UX research. Both& is Finnegan's second start up., Max Slack Head of GrowthLinkedin top ten LGBTQIA+ voices, Instagram content creator @theyrequeer (27k).
Co-Founder, Trans&Travelling.com.
LGBTQ+ Inclusivity consultant & speaker. Previously Head of Global Partnerships at HER LGBTQ+ Dating App, Casey Judson CFOSeveral years spent in the thick of accounting and M&A for startup companies in the CBD space. Run financial modeling and corporate finance in solar when not building Both&., Liron Ashkenazi Advisory design directorAssociate creative director at Buck. Internationally awarded designer.
Amount Raised : $102,335
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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.

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