WeWork for van life has arrived. Former Intersection/Sidewalk Labs alum is starting a network of physical sites for van life participants to get all the benefits of fixed housing and supplies with all the mobility of van life.
|1. Fundraising Target?||$1070000|
|2. Fundraised So Far?||$456428|
|3. Pre-Money Valuation?||$15000000|
|4. Previous Year's Annual Revenue||$0|
|5. Previous Year's Annual Net Income (+ Profitable, - Burning Cash)||~$-62261|
The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)
|1. A startup that is based in SV?||True: San Francisco, CA|
|2. Has at least 2 founders?||False: Two|
|3. Has product in the market?||True: Revenue generating|
|4. 6 months of continuous user growth or 6 months of revenue?||True: 500 paying member deposits, if the monthly cost is $2500, that's $1m in rev?|
|5. Notable investors?||True: Balaji Srinivasan, the former COO of Hustle (political texting technology),|
|6. Post-funding, will have 18 months of runway?||True: Very little burn|
|1. Engineering?||3||Definitely impressive, taking van life and giving it physical infrastructure via refueling sites|
|2. Timing?||3||Definitely the right time to start this business, so many people who plan on Vanning|
|3. Monopoly?||2||No revenue, good deposits, need to learn more|
|4. People?||2||Potentially right people, but need to dig into CEO and ask his 'company' Intersection sale to Alphabet|
|5. Distribution?||3||Definitely has access to desirable young professional taste maker market|
|6. Durability?||3||Especially with the sites and physical location, quite defensible|
|7. Secret?||3||The future of society is going to have an explosion of van life people who want community/reload sites|
What has to go right for the startup to return money on investment:
1. Take product to market;
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