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Security Type
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Debt
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Categories
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Technology, Retail
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Min Investment
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$100
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Offering Date
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October 08, 2021
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Expected Close Date
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April 08, 2022
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Target Raise
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$50.00K
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Security Price
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$1
Company Description
We make delivery orders profit-drivers for local restaurants, instead of a payday for Ubereats, Doordash, or Grubhub. We charge them much less, vet & hire drivers for them, expand their delivery range, & provide hands-on support – from driver dispatch to marketing help. We are committed to their success.
Key Deal Facts
1 yr proof-of-concept w/ bootstrapped web app, profitable in 2 wks
100 merchants on board, waitlist of 50+ (just in Buffalo market)
10K orders, 9,500 registered users, $6XX order volume
Interest from other markets: Toronto, Miami, Pittsburgh, Charlotte, Denver, & more!
Next market: Rochester - launching Nov. 1
Powerhouse partnerships in the works (incld. professional sports teams)
Mobile app launches Dec. 1 with new features to add revenue streams
Management Team / Advisory Board Bios
Steve Ambrose, Founder & CEO
Founder of the Buffalo Dinner Club, a restaurant promotions and event management company; YUMedia, a hospitality marketing & advertising agency. Steve has spent his professional career helping restaurant owners attract new customers.
Robert Heil, Co-Founder
Founder of SLA Solutions, the premier liquor and cannabis license consulting agency in WNY. With over 600 active clients across New York, Bob has 20+ years of industry experience and connections. He is also a former restaurant/bar/nightclub owner.
Sam Marrazzo, Co-Founder & CTO
CTO of the Buffalo Niagara Medical Campus and a Masters level Professor at the University at Buffalo, Sam has worked with hundreds of tech startups. He has years of experience in logistics and creating powerful & efficient technology platforms.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.