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Security Type
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CAFES
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Categories
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Technology, Real Estate, Financial Services, Community & Lifestyle
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Min Investment
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$100
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Location
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San Francisco, 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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$50.00K-$500.00K
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No. Investors
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278
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Security Price
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$1
- Number of Employees
- 24
- Cash
- $9,777,362
- Revenue
- $19,666,531
- Short Term Debt
- $15,369,581
- Cost of Goods
- $18,178,945
- Long Term Debt
- $157,897
- Net Income
- $-2,910,410
Key Deal Facts
🔥 70% of customers are first-time homeowners. 18% have already purchased a subsequent home.
🚀 10.5x YoY growth
⚡️ Identify & purchase an investment home entirely online
🏠 4% of American real estate is owned by Millennials & 89% want in!
📈 $4.2T immediately addressable market
🎉 $22M+ equity & $75M debt raised
Management Team / Advisory Board Bios
Andrew Luong Co-Founder & CEOAndrew is a passionate real estate investor and Business Development expert. He has worked to grow tech companies such as Misfit (acquired), Gengo (acquired), Indeed, and Human Interest before growing his own., Justin Kasad Co-Founder & CTOJustin is a full stack software developer and entrepreneur taking ideas from concept to market. His work with Swapper (acquired), Health Tap, and Healthline Media (acquired) led him to the creation of Doorvest.
Amount Raised
:
$5,443,934
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Business Idea
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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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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.