Question 1

Hello. What was your 2020 revenue? What are your revenue goals for the next 5 years?

Accepted Answer

Hi Leonardo, we had planned to kick off Wefunder campaign mid '20, but chose (rightly or wrongly) to defer in light of COVID, so no 2020 revenue. We're targeting $30M revenue by year 5. Please don't hesitate to reach out if you have any further questions. Cheers Oscar

Question 2

Hello Oscar. I love the idea of a Made in USA razor and your vision! I also like your website as well. But before investing I have a few questions to ask. ?#1. Will you expand the company's online presence by selling at other online platforms like Amazon.com? ?#2. What is the ...

Accepted Answer

Hi John, great to hear! Here goes: 1. Amazon - definitely the right avenue for folks who just want to try us out, BUT you lose the opportunity to really get to know your customer. We've focussed obsessively on customer service in Australia and it has given us fantastic insight into our customers - which is another reason perhaps why we have such a high rating. Of course you lose that direct customer connection with Amazon. 2. Happy to share you detailed P&L model. Shipping, taxes and marg...

Question 3

Can I please confirm that the launch date has been changed thank you .

Accepted Answer

Hi Peter, after various hiccups we're chuffed to announce we've just secured a major lead investor for our offical launch campaign. With this secured, we can now work on fine-tuning our launch campaign. Stay tuned and thanks for your patience and support. Best regards Oscar

Question 4

All of your interviews are from 2021 - what have you been doing since and have you been selling your product anywhere besides Australia. What are your current annual sales figures in volume and in revenue.

Accepted Answer

Hi Peter, here's the long answer. We had two false starts since 2021. We did not raise enough in H1 '21 to fund any significant social marketing campaign or get our launch wrong. I'm not a big fan of failing fast. Instead we switched focus to find a better USP to make the product inherently more attractive/interesting. Unfortunately, based in Sydney we were landlocked until end of '21. H1 '22 I largely spent in US working on launch plans, logistics, manufacturing (skincare) and website develo...

Question 5

Hi Oscar - you mentioned earlier that you were fine-tuning your launch campaign. Do you think you will launch on 2 October as listed? If I do invest, when will the investor perks be delivered?

Accepted Answer

Hi Peter, apologies for the late reply. We're actually planning to launch with an all-new razor with a unique twist. In light of the current investment climate, we've decided to fasttrack the new product, so that we have a real USP. We've just received new packaging and waiting for pictures to send you from the photoshoot. We're keeping it under wraps for now, but happy to send you picture by email. Please email us at wefunder@oscar.skin. Best regards Oscar

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