Hello Oodles Stakeholders,
With Yr 2017 behind us, we wanted to do a review of Oodles Corporation and the "Oodles - Deals & Events" app. Please consider this our Yr 2017 annual summary report to stakeholders with an interest in Oodles Corporation.
Initial Pitch Deck (Summer 2017)
It was in July ’17 that we commenced the seed fundraising round for the company, approximately six months ago. Please refer to the PDF embedded in the following link — https://wefunder.com/oodles. The PDF is named: Oodles_Corporation_Wefunder_Pitch_Deck_Final_PDF, and provides the background & business proposition of the company.
Key milestones
• ~1,000 students @ the University of Oregon with app @ end of the prior school year
• iOS version of app in market
July ’17
Key milestones
• Kicked off Seed fundraising via Wefunder
Link to Wefunder July ’17 monthly update (for detailed information): https://wefunder.com/updates/90579-80-of-funding-target-achieved-in-1st-month-thank-you-wefunder
August ’17
Key milestones
• California State University - Chico launched (2nd University on app)
• Android version of app launched
• Seed fundraising goal achieved
Link to Wefunder August ’17 monthly update (for detailed information): https://wefunder.com/updates/90744-houston-we-have-lift-off
September ’17
Key milestones
• Returned to University of Oregon - Eugene for new school year
• Facebook integration into app achieved
• Fundraising campaign completed & closed
Link to Wefunder September ’17 monthly update (for detailed information): https://wefunder.com/updates/90932-california-state-university-chico-students-are-just-oodling-it
October ’17
Key milestones
• 1st Vendor Day successfully completed
• Weekly redemption of deals by students @ vendors achieved
• New UI research for product development efforts completed
Link to Wefunder October ’17 monthly update (for detailed information): https://wefunder.com/updates/91054-pizza-s-burritos-ice-cream-amp-more
November ’17
Key milestones
• Daily redemption of deals by students @ multiple vendors achieved
• New UI launched
• Initial set of vendor annual contracts signed & revenue generation initiated
• Hundreds of favorable student reviews across combination of iOS & Google Play app stores
Link to Wefunder November ’17 monthly update (for detailed information #1): https://wefunder.com/updates/91164-oodles-partner-days-introduce-hundreds-of-new-consumers-to-our-vendor-partners
Link to Wefunder January '18 monthly update (for detailed information #2): https://wefunder.com/updates/91334-metrics-review-2-vendor-transactions
December ’17
Key milestones
• Consistent user acquisition cost established
• Quantitative & Qualitative Metrics tracking to plan as per original pitch deck
Link to Wefunder December ’17 monthly update (for detailed information): https://wefunder.com/updates/91256-metrics-review-1-user-acquisition-cost
We will continue publishing monthly updates on the performance of the company on the Wefunder/Oodles site. Please ‘follow’ us by going to https://wefunder.com/oodles and signing up to receive these updates.
Thank you all for your continued support.
With Best Regards,
Sajal Sahay & Asheesh Barman
Co-founders, Oodles Corporation