Hello Wefunder Investors,
We’ve now almost concluded the second month since the WeFunder third round financing was successfully initiated. As in previous months, I wanted to provide you with an update on the many things happening with the OodlesDeals mobile app, and overall at the company.
Consumer Advertising Showcases Value Of Relationship With Students & Vendor-Partners On The App
In the company’s November ’19 update, I mentioned that we executed two consumer advertising experiments, done in conjunction with our restaurant vendor-partners. The results of these experiments were exemplary, and the Oodles Corporation sales team has since been contacted to do follow-up activities with several of these partners. An example of one of these, with a well known apartment complex in Eugene, Oregon, will be executed later this week via the OodlesDeals app. This is a testament to the deeply personal relationship we have with our user base in each of the schools we are present at, and with the vendor-partners at these schools.
The OodlesDeals marketing team believes these sort of consumer advertising opportunities are scalable, not just at the eight schools where we are present, but scalable as the company grows over time. The company’s mission of enabling people to spend time together is the powerful base underlying this scalability, and represents a significant revenue opportunity, one that genuinely adds value to people’s lives.
WeFunder Campaign Crosses Minimum Fundraising Target
Since our last month’s announcement of the launch of the Oodles Corporation third round WeFunder fundraise, the campaign has achieved its minimum target. While much work remains to achieve the maximum target, the entire Oodles Corporation team wanted to take time to thank the folks who’ve invested in the campaign to-date, and believing in our mission.
For full details of the company on-going WeFunder campaign, our historical achievements, plans for the future, and investing access, please check out our www.wefunder.com/oodles profile page, and feel free to download the PDF embedded within the site for a summary of the investment opportunity Oodles Corporation represents. The capital we secure from this current WeFunder fundraise will be primarily used to accelerate new University launches, new vendor and user sign-ups, and to drive per user engagement higher. The entire Oodles Corporation team hopes you join us in the WeFunder campaign, helping make this journey a successful one.
This next statement is the same one I’ve made in the past, and will always remain sincerely true — Asheesh and I owe our sincere thanks to all of you who have helped us get to this point. We look forward to continuing this journey together with you.
Co-founder & CEO
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