Question 1

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

Accepted Answer

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...

Question 2

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...

Accepted Answer

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...

Question 3

What’s the price per share?

Accepted Answer

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...

Question 4

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

Accepted Answer

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

Question 5

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

Accepted Answer

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

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