-
Security Type
-
CAFES
-
Categories
-
Technology, Real Estate, Financial Services, Community & Lifestyle
-
Min Investment
-
$100
-
Location
-
San Francisco, CA
-
Expected Close Date
-
April 30, 2023
-
Target Raise
-
$50.00K-$500.00K
-
No. Investors
-
239
-
Security Price
-
$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
:
$5,518,399
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.