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This makes total sense. I've had 2 rental properties, and it sounds like you guys were looking for the same thing I was. Very interesting, I'm glad to see som
by cestep 7y ago
This makes total sense. I've had 2 rental properties, and it sounds like you guys were looking for the same thing I was. Very interesting, I'm glad to see somebody tackling this!
Why is the deal for 3 years? I would anticipate that your time horizon for a good return is much longer, given that the markets you are looking at are more up and coming.
- loftyai 7y agoThanks for your interest! The ideal timeline is actually 5 years if we want to see the majority of the growth. However, since we won't be making any revenue from the agreement until at the end of the term, 5 years is too long for a startup to go without seeing revenue. So, it's mostly a way where we can see returns sooner, which is more attractive for investors. On the plus side, our customers can choose to buy us out after 3 years, and see 2 more years of growth after, and they wouldn't have to share that profit with anyone.