Security Type
CAFES
Categories
B2C, Minority Founder, Female Founder, Alcohol & Vice, Distillery & Vineyards
Min Investment
$100
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$124.00K
No. Investors
157
Security Price
$1
Number of Employees
5
Cash
$74,513
Revenue
$1,312,736
Short Term Debt
$49,931
Cost of Goods
$927,216
Long Term Debt
$0
Net Income
$954,529
Key Deal Facts
Sold over $3M to date despite launching with our first distributors at the onset of COVID-19
Management Team / Advisory Board Bios
Carol Pak CEOPreviously with ZX Ventures (ABI) and led the commercialization of a new alcoholic beverage brand in China., Rosemary Bang Director of OperationsPreviously at Deloitte, John Dealy Director of Sales, Northeast Previously at Pabst, Vermont Cider Company, Heidi Chen Marketing DirectorPreviously at LVMH, Elizabeth Yik Creative LeadPreviously at Dive Studios, Isaac Kim Data AnalyticsPreviously at Citibank, Helen Au HelenVegan Author and Content Creator
Reveal the Score by Voting
Not enough ratings 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
Skip
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
Skip
ⓘ
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
Skip
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation
Skip
Edit Ratings
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.
