Competitive Algorithms for an Online Rent or Buy Problem with ...
22 Rent Mine Online Final
-
Upload
fbfund-rev -
Category
Travel
-
view
2.900 -
download
0
description
Transcript of 22 Rent Mine Online Final
![Page 1: 22 Rent Mine Online Final](https://reader036.fdocuments.us/reader036/viewer/2022062511/54c1d57c4a79599a338b4583/html5/thumbnails/1.jpg)
Social Lead Generation Platform for Apartment Property Managers
![Page 2: 22 Rent Mine Online Final](https://reader036.fdocuments.us/reader036/viewer/2022062511/54c1d57c4a79599a338b4583/html5/thumbnails/2.jpg)
Initial Focus on Property Management Vertical
PropertyMgmt Gyms StorageJobs Services
Time Shares Hotels
![Page 3: 22 Rent Mine Online Final](https://reader036.fdocuments.us/reader036/viewer/2022062511/54c1d57c4a79599a338b4583/html5/thumbnails/3.jpg)
Multi-Billion $ Market
15M15M x $1000 rent / month
= $15B / Month
$180B / year $18 Billion / year (10% of total Revenues)
$15B$15B$15B$15B$15B$15B$15B$15B
$15B
$15B
$15B
$15B
JanFebMarAprMay
Aug
NovDec
SepOct
JunJul
US Population living in Apartment Communities
285M
![Page 4: 22 Rent Mine Online Final](https://reader036.fdocuments.us/reader036/viewer/2022062511/54c1d57c4a79599a338b4583/html5/thumbnails/4.jpg)
Churn is the Problem
Vacancy
Delinquency
Re-Paint
Re-Carpet
Advertising
Cost to Prop Manager ~$2,000 per Resident
![Page 5: 22 Rent Mine Online Final](https://reader036.fdocuments.us/reader036/viewer/2022062511/54c1d57c4a79599a338b4583/html5/thumbnails/5.jpg)
Joe777: Living at Summerfields in Landover, come check it out. http://rentmineonline/Refer a Friend/Summerfields
Thursday, May 7th at 17:13:17 · Reply · View Tweet
Solution: Social Referrals
![Page 6: 22 Rent Mine Online Final](https://reader036.fdocuments.us/reader036/viewer/2022062511/54c1d57c4a79599a338b4583/html5/thumbnails/6.jpg)
Case Study: Sequoia Equities
‘The results speak for themselves, ‘Within 24 hours of our first RentMineOnline campaign residents sent 3,277 referral messages to friends on Facebook endorsing Sequoia communities’
- Lisa Trapp , Director of Marketing Sequoia Equities
![Page 7: 22 Rent Mine Online Final](https://reader036.fdocuments.us/reader036/viewer/2022062511/54c1d57c4a79599a338b4583/html5/thumbnails/7.jpg)
Real-Time Tracking /Social Powered Referrals
![Page 8: 22 Rent Mine Online Final](https://reader036.fdocuments.us/reader036/viewer/2022062511/54c1d57c4a79599a338b4583/html5/thumbnails/8.jpg)
u
Management TeamEd Spiegel; Founder, CEO
• DFJ ePlanet Ventures, SoftCoin • MBA INSEAD ’07• Duke, Engineering ’99
Kevin Lochner; Technical Director• Silicon Graphics• PhD Computer Science, University of Michigan ‘08• Duke, Computer Science / Electrical Engineering ’99
Investors• Facebook Fund (Accel, Founders Fund)• Seedcamp (Index, Atlas, etc.)• PiE Equity, Lindzon Capital, Alex Hoye
![Page 9: 22 Rent Mine Online Final](https://reader036.fdocuments.us/reader036/viewer/2022062511/54c1d57c4a79599a338b4583/html5/thumbnails/9.jpg)
Revenue and Ask
Profitable for last 5 months
90% client retention
Raising $750K+- Sales, Marketing, Engineering, New Verticals