Since we launched Oleboo in June last year, we had some great times. We met some fantastic people, users and partners, who helped us get where we are today. We have more than 20K downloads, and several hundreds active users. We’re proud of what we’ve achieved, especially since we’ve done it with 0 investment. Now we’re at a crossroads. Raise money to go big at it, or keep it as a personal project and develop it slowly but surely.
We decided not to raise money, but keep developing it on the side. Why did we make such a decision, when investment money seems cheap and accessible?
Well, first of all, we still think there is too much risk raising money with Oleboo. The business model hasn’t been proven yet, and we feel that we have more chances to succeed if we stay the only investors and owners, and don’t have to provide any type of return to anyone else but us.
Second, we want to see more growth before pitching Oleboo. We have tons of features we want to build that will help grow Oleboo. We’ll take our time to make sure those are done and well done, to make Oleboo the best second screen experience possible.
Third, we’ve been working on another project on the side, Whitetruffle, which is seeing some very good traction. We decided to spend more cycles on Whitetruffle for the time being since it will help us continue support Oleboo in the long term.
What does it mean for Oleboo? It’s all good news actually. The service will stay up and running, and we will continue to improve it. We’ll always be there for our users and do all we can to build the best experience for them. We will just not pursue any distribution partnerships in the short term and solely rely on word of mouth to grow. So tell your friends to use Oleboo!