Hello. I have a few questions: 1) What's the incentive for the customer to use your app instead of Postmates or Uber for instance? According to your comparison table there's a very minimal difference for the customer. Personally I'd prefer to keep using the established platfor...

Hi Leonardo, you've asked several great questions. I will answer them here and then add them to the WeFunder FAQ. 1) Customer incentive to use the app? To best answer your question, let me break our restaurant guests into two groups. GROUP ONE - Guests of restaurants who are loyal to that brand (like http://www.bleuhomeme.com and https://www.oldvenicerestaurant.com) tend to do better on our platform because A) We don't require an app download. There is no friction to order. B) Restaurants can...

Follow up question: what's the delivery fee for outside delivery services? That would increase the cost significantly...

The delivery fee for outside services varies considerably by location. The highest rate our restaurants see in from a commercial service in San Diego area. They charge $6.40 for the first mile and then $1.90 for each additional mile. We use these rates in our price comparison tables. Even with these rates the gratuity that the restaurant keeps using Dine.Direct often covers the delivery fee. On top of this extra windfall, the restaurant always has the option of passing all or part of the deli...

Where can I find affiliate details including commission structure?

Hi James. We are rolling out our first commission portals this month in Puerto Vallarta, Mexico. The restaurants choose how much of the food total they want to give affiliates & influencers in commission. In our first iteration, restaurants are able to select anything between 3% and 10% to give to the affiliate. Affiliates & Influencers control the way our algorithm determines restaurant display order. Affiliates like Air-BNB hosts who use our portal to replace the binder of local res...

What will investors get in return?? Stock?? Could you explain to me carefully. Thanks.

Hello Surapong. You invest in Dine.Direct are through an agreement called a SAFE. This is a document that was created in 2013 and is widely used in tech startups today. You can find more info on SAFEs here. https://help.wefunder.com/#/glossary/contract The Dine.Direct SAFE has a $6M valuation cap with a 10% discount. Basically, if you invest you're betting that Dine.Direct will be worth more than $6M eventually.

Hi, I have two questions - 1 - are you all planning on remaining an LLC for tax purposes? 2 - Do you anticipate becoming profitable within the near future? Thanks.

Hi Lucas, thanks for your questions. On entity type - We plan to change to a regular C-Corp before the SAFE would be triggered. We don't want to flood our community with K1s. The process in Nevada and completed with a simple statutory conversion. On profitability - We don't plan to be profitable any time in the near future. The addressable market is massive ($180B projected in 2024). As soon as we have operational profit, we will re-invest this money into new restaurant recruitment. We are al...

Dine.Direct

World's First Community-Powered Online Ordering & Food Delivery Company

RESERVE

min $100

INVESTMENT TERMS

Future Equity

$6M valuation cap

Pitch Video

Investor Panel

more.dine.direct

Reno, NV

Robotics Female Founder B2B Food & Beverage B2C

Ask a Question

Dine.Direct

Quick facts

Team profiles

Featured investor profiles

Ask