Chisos on WeFunder | Deal Memo

Jun 4, 2021 2 min read
Invest in Chisos: Fast, flexible capital for great entrepreneurs. More reliable returns for investors. | Wefunder
Fast, flexible capital for great entrepreneurs. More reliable returns for investors.

Company Overview

Problem Addressed: Personal savings, credit cards, and family contributions make up 83% of all startup funding. Furthermore, according to a Morgan Stanley report, traditional VCs have a $4T blindspot when it comes to women- and minority-led businesses.

The Product: Chisos provides a unique source of alternative financing for overlooked and under represented entrepreneurs. The company is raising funds on Wefunder to build a platform to connect great potential founders with capital.

Deal Terms

  • Security: Convertible Note
  • Valuation Cap: $15,000,000
  • Min. Investment: $100

(Data as of June 2021)

Chisos: Wefunder Campaign Highlights

  • Addressing the $4T blindspot in startup financing by backing high-potential, overlooked founders.
  • Unlike banks, we evaluate founders based on future potential, not just assets & financial history.
  • Chisos’ Convertible Income Share Agreement uncaps equity upside for investors & flexibility for founders.
  • Wefunder investors receive 3X PREFERRED waterfall position for profit distributions.
  • Raised $550K pre-seed operating capital & $500K Fund I; currently raising $10mm Fund II.
  • Developed platform with proprietary underwriting algorithm; automated application & diligence process.
  • 200% online application increase in 2021; 10 completed investments to date.
  • Proof: ~$20K ISA repayments; Returning ~10% of Invested Capital to Fund I LPs in 2021 (est.).

Did I Invest In Chisos?

I’m still in the process of writing a full deal report and decide whether or not I will invest in Chisos on Wefunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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