OLO On Mobile Restaurant Ordering: 'We Want To Be The Amazon Of Food'

Photo Credit: Forbes

Photo Credit: Forbes

Frankel immediately saw the vision of OLO and invested the company’s initial $500,000 in funds. He also participated in the company’s recent Series B round of $5 million in funding that includes strategic investment from PayPal (PayPal is increasingly eager to find ways to engage in commerce that is not conducted entirely online. OLO fits that bill.)

Frankel also provided Glass and his start up team with mentoring advice and remains an active member of OLO’s board of directors today.

Two years prior to OLO’s founding, Glass had completed a degree at Yale in Political Science and had received an early acceptance to Harvard Business School as a senior. Then he showed Frankel a prototype of the OLO offering. Read More