SERIES A FINANCING
We’re raising $9m in our Series A to execute on three key objection.
Build AVM
<
8% Error Instantly,
<
4% Error Post-Process
Validate Cost Structure
We will be able to instantly price homes with less than
8% median error. Post-process (inspection), have less
than 4% median error of the homes we purchase.
Confirm the cost structure of acquiring,
financing, maintaining, and selling
properties.
Key Objectives
Gather real-time MLS data, location data, seller inputs,
and proprietary offline data to build an AVM.
Milestones to Achieve
Acquire and Sell Homes
Acquire, rehab, maintain, and sell 50-150 homes in one
geo.
Validate Seller Discount Curve
Acquire a large sampling (n=500) of real sellers looking
to sell their home instantly online.
Acquire Sellers
Analyze both accepts and rejects to statistically
validate conversion rates across various discounts
and seller types.
