Question 1

Please elaborate on the relationship between the 2 founders. How long have you known each other? What have you worked on together in the past, if anything? etc..

Accepted Answer

Awesome question, thanks for asking it Matthew! Asheesh and I have known each other all our lives. See our intro letter above for more detail. :) The beauty of our relationship is the complementary work experiences. Asheesh is a 20+ year veteran of retail business relationships, and I have 20+ years in marketing, both B2B and B2C. Additionally, I've spent the last 10 years with a social marketing and mobile marketing focus. Since Oodles is a B2B2C focused business, our complementary business ...

Question 2

How it is different from Groupon?

Accepted Answer

Another awesome question we'd love to answer, thanks for asking it Birun. Think about us as having the benefits of Groupon (aka scorching values) without the upfront costs. From both a vendor and consumer perspective. With Oodles, the vendor doesn't have to pre-sell unused inventory at a steep margin, but still can advertise a significant discount to make consumers interested in their product offering because of the pricing value of the third tier of our model. Also, the amount discounted is ...

Question 3

Is this the very first fund raise you are doing? How much each of you have invested so far?

Accepted Answer

Hardik, Thank you so much for your interest in Oodles Corporation and your great questions. Much appreciated! Yes, this is the first fund raising campaign for Oodles Corporation. Our initial investment was $17,000 ($8500 each) and we have managed our finances very carefully. We have long term plans for the company and will continue to manage our finances with the same vigor. For more details about about the financials for Oodles Corporation, please review our Schedule C. Thank you.

Question 4

I have just invested in the company. Can you share more information about the patent? I could see that it's still under review and not issued? Is any patent number given yet? When you think the patent would be issued? Are you planning to file patent in other countries as well??

Accepted Answer

Thank you for investing in Oodles. We are honored to have so many folks like you believe and invest in the vision of Oodles - Deals & Events. Regarding our patent, please refer to the PDF investment deck embedded as a link above, it contains specific information about our company’s value proposition, and the patent and how it aligns with the value proposition.

Question 5

Sajal - Thanks for the answer. But you didn't answer what i wanted. 1. Patent Number?? 2. Are you planning to file the patent in other countries??

Accepted Answer

Sagar, we cannot disclose the patent number, but the investment deck contains the business goals we are focused on achieving. The approach for the patent as described in the investment deck should enable us to achieve these goals. Thanks again.

Oodles Corporation

The ONLY APP that enables users to invite friends and go out to restaurants together

$282,089

Oodles Corporation

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