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It’s an odd business model. I think if you had any faith in your predictive ability you would just raise and run the fund yourself so as not to leave money on t
by rajacombinator 7y ago
It’s an odd business model. I think if you had any faith in your predictive ability you would just raise and run the fund yourself so as not to leave money on the table. This sounds like all the “crypto trading as a service” scams that have come up over the past few years. YC should avoid getting involved in trading businesses they don’t understand. Just my 2c.
- loftyai 7y agoThis is totally understandable reaction to the business model. We do put our money where out mouth is but nonetheless it does beg the question of why we don't just do the investments ourselves. One major issue is capital. But beyond that we also see a saw a market need for a product like this when trying to make home purchase decisions in personal life prior to creating Lofty. And that was the market and problem we wanted to address with this company - not just to be a big fund that buys real estate en masse and profits from it - but to help people who can't afford to make a bad home investment do so more comfortably.