Hello Wefunder Investors,
We’ve now almost concluded the sixth month since the WeFunder third round financing was 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.
Michigan State University Market Research Study Results
The Masters of Science In Market Research at Michigan State University is one of the top market research programs in the United States. The OodlesDeals management team was honored to work earlier this year with a team from the program, in conducting exhaustive qualitative and quantitative market research on the OodlesDeals app, in East Lansing, MI.
Almost 500 students, both undergraduate and graduate were enlisted to determine the relevance of the OodlesDeals app value proposition. Detailed insights were also gleaned from the research for product development, sales and marketing improvements.
Three slides from the final research study results best encapsulate the response of the students to the OodlesDeals app value proposition:
As you know, this process of enabling users to invite friends and spend time together is a patented protected one, and is what makes the OodlesDeals app truly unique and added-value to use.
WeFunder Campaign Extended To Fall
Given the extraordinary market circumstances of the Coronavirus Pandemic, and the significant effect on University students and the restaurant industry, the WeFunder management team was extremely helpful in enabling the OodlesDeals management team to further extend our financing campaign from July ’20 to October ’20.
We will continue to monitor the marketplace, to make the appropriate decisions necessary over the summer months. Our essentials-only expenditure policy currently remains in place.
On behalf of Asheesh and the entire OodlesDeals management team, I ask you to stay healthy, and stay safe during this time of the Coronavirus Pandemic crisis.
We are all in this together.
Co-founder & CEO
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