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If you ever relinquish majority ownership of this company in exchange for funding, it will eventually become "Timeshares But As An App". Your approach might be
by slumdev 5y ago
If you ever relinquish majority ownership of this company in exchange for funding, it will eventually become "Timeshares But As An App".
Your approach might be more principled than the way timeshare companies operate. But it also sounds like you're leaving a lot of money on the table, compared to the way timeshare companies operate. And investors won't let that continue if you can't convince them that your approach will somehow make more money than timeshare companies.
- rblack44 5y agoWe believe the market for fractional ownership will soon be much larger than the timeshare market. People want to own a real asset and with the trend towards remote work, demand for homes in desirable places is only going to increase. Our differentiation from timeshares is one of our biggest assets, so while I agree some may push us more towards this model, it is not in line with our goals or vision for Ancana.
- santaskeptic 5y agoNice, I believe in Santa. Never let small minds tell you that your dream is a fantasy.
- rblack44 5y agoYour name implies otherwise :) We started this company with a mission of making the vacation home market more accessible to people who are typically priced out. We're excited to see where Ancana goes, but pivoting into a timeshare company is not a direction we'll ever go.