We love competition but there's several slides in your pitch deck which appear to be "copy, paste, then change a word" from the Vampr pitch deck. I would consider updating those slides before you go live. Are you able to share where you sourced your market size research? Cheers

Hey Josh, Glad you pinpointed that. Ofcourse, competition is what drives our world to innovate indeed. I believe you are referring to the "Value of connecting" slide, the value of these tech giants stated in the slide is public information and not related to either Doodeo or Vampr, we loved the way you presented it to Wefunder audience, as simple as possible, and we wouldn't have done it in any other way. We are in the same exact space, so definitely our language will be very similar. In refe...

Like the idea. Couple questions: 1. Do you have current financials or revenue figures you can share? What are the revenue sources if the platform is "free" for entertainers? 2. Has COVID been a headwind or tailwind and how is doodeo responding? Are you getting traction with yo...

Hey John, Great questions. 1) You can find further figures on our pitch page under "Making Money" section. I would be happy to share more details if needed, email us to investors@doodeo.com and we will get back to you as soon as we can. 2) We would never want to be seen as profiteering from a global tragedy, but we are also grateful that entertainers have found Doodeo beneficial during this period. Our weekly average growth on new accounts went from 44% to 111%. 3) You got that right. Since w...

What’s the price per share?

Hey Elena, We are offering our investors participation in a SAFE agreement with a valuation cap of $6.5M or $5.85M for early birds (that’s a 10% discount for our early birds). In general, a SAFE agreement provides our investors future equity in the company while the specific price per share at the time of investment remains undetermined. When a priced round or acquisition occurs, the SAFE will convert into equity for our investors of this current round. The precise number of shares will be ca...

If I’m ready to invest $1000 now, what kind of return could I expect in the next 3-5 years?

Hey Aaron, Great question! As much as any of us would love to be able to see the future, it’s sadly impossible to know the exact answer to that question. We do have a minimum return goal in mind of 8-10x. That, of course, will always depend on the market and how much it decides Doodeo is worth! Remember, I’m always more than happy to discuss this and any other concerns individually, feel free to email us at investors@doodeo.com. Best, Rony

Hi, Am I able to invest in Doodeo if I'm not a U.S. citizen?

Hey Adam, Yes, absolutely! The only exceptions are the Provinces of Quebec, Ontario and Alberta due to their laws on equity crowdfunding, unfortunately. We are excited to have investors from all over the globe. Wefunder has options for you to easily and securely wire your funds. You can find out more about investors outside the U.S. here: https://help.wefunder.com/legal/304306-can-i-invest-if-i-don-t-live-in-the-united-states. Best, Rony

Doodeo

Fans booking their favorite musicians for a virtual performance

doodeo.com

Los Angeles, CA

Technology Marketplace Entertainment Music

Highlights

💰 $429k raised to date

👋 Team and advisors from The Voice, Sony Music, Amazon, and Google.

📈 145% average WOW growth on new accounts

🥳 $390,000 in gigs income to our artists (GMV)

Team

Memo

The average entertainer has to use multiple platforms to find work - LinkedIn is for networking, Classified is for finding gigs and Instagram is for sharing content, but they don’t seamlessly work together to connect artists with opportunities.

On the other hand, gig managers are always searching for artists, but online directories lack transparency and clarity, leaving them to depend on less-preferred recommendations. We launched Doodeo to solve these problems.

We break geographical barriers to help our artists generate an income from the globe without leaving their homes, and YOU can enjoy a private live-streamed performance for your gathering.

On March 26th - 2022, Wefunder had a private event by invitation only, during which we privately showcased Doodeo 2.0.

We arranged for a DJ in Ukraine to perform at the event, which was held in Los Angeles. The mere idea that the invitees were seeing someone perform live and privately from another part of the world that is unstable too....blew their heads.

Here's 2 quick videos from the event:

source: https://lickd.co/blog/social-salary-calculator

Small to Medium F&B establishments can easily book a musician now.
Fans can finally book their favorite musicians for a private virtual performance.

We are focusing on one type of musician at a time - Onboard, Learn, Optimize, and Expand. 👇

"...by 2017 it had become apparent that “making it” on Twitch required more than a 9-to-5 commitment - WIRED" (https://www.wired.com/story/twitch-turns-10-creator-economy/)

Twitch (users largely monetize from subscriptions):

- Followers to subs ratio: 3.7%

- Avg. subscription fee: $5.11

- Twitch fees: 50%

Rest of the amount is generated through ads and collaborations.

Doodeo (users will largely monetize from their super-fans):

- Followers to bookings ratio: 1.41%

- Avg. e-gig rate per 30 mins: $35.45

- Per day: 4.7 hours

- Doodeo fees: 25%

Doodeo is the highest paying platform for musicians.

Doodeo: Musicians keep 75%

Twitch: Musicians keep 50%

Tidal: Musicians keep 1.2%

Apple Music: Musicians keep 0.5%

Amazon Music: Musicians keep 0.5%

Spotify: Musicians keep 0.4%

Doodeo strengthens its network effect by leveraging gamification, which encourages new musicians to bring their fans and other musicians onto the platform, thereby amplifying the network effect even further

Overview

Doodeo

Quick facts

Team profiles

Featured investor profiles

$513,506

Highlights

Related company links

Team

Memo

Doodeo is the highest paying platform for musicians.