Ogle
Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.
Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?
Founding Story
Oliver
Oliver - Management and Finances
Joe - Marketing
Adrian - Design
Vibhin, Aparna, Rekha - Development
- Multi-tasking
- Management
- Business Strategy
- Marketing
- Creativity
, DU
, DU
USA, Europe, Asia, Middle East, Africa
Other
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Start-Up (a pilot that has just begun operating)
There are many social, mobile apps out there. The difference with Ogle is it can break down your location to a few meters to show you who is right next to you at the restaurant. Also, we have a customized Ranking search that allows you to look up other users by city, education, or amongst friends. The user interface is simple and the design is great.
Most importantly, Ogle to caters to users who shy away other "sleazy" apps. Can only chat with users who have allowed you to.
We are launching the app next week. There is already great hype about it and many people are waiting for it to launch.
Hopefully the impact will be big. Can update you as we go along.
Looking to bring in 50,000 users in the first year, raise a second decent round of funding, and develop the technology much further.
The goal is millions of users in 2-3 years.
Managing the team: developers, designers, marketers, financiers
Making sure everything is on track and ready for launch
I've raised every cent for this investment from connections in the industry. A private fund and few individual investors.
My time in banking has taught me all I've needed for this venture so far from raising capital to valuation and managing funds.
We've raised a small seed Round to bring the venture to where it is (build prototype, light marketing, legal protection, etc)
We are looking to raise around $1m in a second round when we have a decent initial user base. This will be used for full-time hires, office space, a full-time development team, upgraded servers, deep legal protection globally (trademarks, patents), and a team to develop a complex algorithm for the Ogle score software that we plan to develop next year when the app gains traction.
Our investors worked in very high positions in Goldman Sachs, Standard Chartered, marketing firms and IT development firms.
We are in contact with several VC funds for round 2 and a few celebrities for marketing.
Overall, we have a very solid team in place and some very qualified names eager to take part.
Looking promising.
Push-back is the fear it might take time away from work, or pose conflicts of interest, etc..
Internal support: everyone loves the idea, several individuals are eager to invest and take part.
I've been encouraged to pursue the project as it looks very promising.