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Published on Paperstreet.
Buddytree Update: May 6, 2021
Buddytree
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Buddytree Update: May 6, 2021

Glen Brauer for Buddytree

Buddytree helps people meet friends with people in their city through the power of great conversations.

🖥 Product

We are now in the final stages of our development so we're super excited to be releasing Buddytree very soon. Thanks to everyone for your patience! :)

🎙️ Announcements

We have continue to refine our pitch deck at Startup Boost 2021, and we're continuing to have investor session in order to acquire additional early stage investors.

🎯 Strategy

Due to the feedback we've received from our recent focus group sessions, we'll be providing our users with the ability to make (remote) friends outside their city in addition to local friends in their city. This will allow us to gain user traction a lot quicker than expected. It seems like the Pandemic has made people much more open to remote friendships which is something that is definitely in our favor.

🏋 Challenges

We had one of our team members in the hospital which has delayed our progress. Luckily, they are out of the hospital now and we've been able to reassign his work.

💰 Financials

Our valuation is now at $3.7 million with an expected valuation of $108 in 3 years.