Deal Abstract

Invest in RealtyFeed
Republic is a startup investing platform where you can invest as little as $10 in impactful startups
Republic

Financials (VRB)

|Question|Notes|
|---|---|---|
|1. Fundraising Target? |$1070000|
|2. Fundraised So Far?|$750|
|3. Pre-Money Valuation?|$20000000|
|4. Previous Year's Annual Revenue |$999699|
|5. Previous Year's Annual Net Income (+ Profitable, - Burning Cash) |~$-182324|

Source

The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)

Criteria Yes/No
1. A startup that is based in SV? False: Newark, DE
2. Has at least 2 founders? True: Two
3. Has product in the market? True: Revenue generating
4. 6 months of continuous user growth or 6 months of revenue? True: Grew from $689k to $999k, 2018 to 2019
5. Notable investors? False: Bootstrapped!
6. Post-funding, will have 18 months of runway? False: Not quite there yet
Source

The 7 Thiel Questions (Every Time Man Profits, Don't Dismiss Serendipity)

Question Score Notes
1. Engineering? 2 Based on screenshots looks pretty, not sure what pain it solves for
2. Timing? 1 Why is now the perfect time to build a B2B2C realty SaaS LinkedIn?
3. Monopoly? 1 No product in the market
4. People? 2 Good entrepreneurial talent but no one with social network business experience
5. Distribution? 3 Big advantage is the WPL plugin
6. Durability? 2 If they can build it and solve a real problem, defensible
7. Secret? 2 Building a beachhead via WP plugin is a great way to launch a social network for real estate

What has to go right for the startup to return money on investment:

1. Transition to social network business model; 2. Deliver value that's good enough for subscription; 3. Enter the listing/other SaaS markets for real estate

What the Risks Are

1. Solution looking for a problem; 2. At best small business not venture backable; 3. Entrepreneurs will have to learn a completely different business.

Bonus Muhan's Notes

Very, very cool. A friend of mine from Venture for America is starting this company in PropTech: https://www.useelko.com/

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Real Estate Investing Software
And another one

Updates

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