Deal Abstract

Broker for matching investment property landlords with vetted property managers.

Financials (VRB)

Question	Notes
1. Fundraising Target?	$1070000
2. Fundraised So Far?	$105261
3. Pre-Money Valuation?	$15000000
4. Previous Year's Annual Revenue	$0
5. Previous Year's Annual Net Income (+ Profitable, - Burning Cash)	~$0

Criteria	Yes/No
1. A startup that is based in SV?	True: San Francisco, CA
2. Has at least 2 founders?	True: Two
3. Has product in the market?	False: No revenue
4. 6 months of continuous user growth or 6 months of revenue?	False: No revenue
5. Notable investors?	True: Y-Combinator
6. Post-funding, will have 18 months of runway?	False: No financials

Question	Score	Notes
1. Engineering?	2	Currently it's word of mouth
2. Timing?	2	More people buying investment properties
3. Monopoly?	1	No deep market penetration
4. People?	2	People are strong at Airbnb but vacation rentals != property management
5. Distribution?	1	No unfair advantage in distribution
6. Durability?	1	Where does recurring revenue come from this?
7. Secret?	1	Venture backable business can be built off of brokering property management and homeowners

1. Launch product; 2. get recurring revenue; 3. drive recurring value through platform

1. No venture returns here; 2. One time broker fee no recurring value; 3. Pre-product

I know the space quite well and am eager to see how they progress.

This is where I’ll post updates about the company. This way all my notes from offering to post-offering updates will be on one page.

Click here to find out.

Other thoughts, questions, comments, or concerns? Write me at mail@muhanzhang.com and let me know.