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Congrats! I really like the site and the concept. Two things: 1.) How do you make money? As a potential investor, I wish this was more transparent. One of the
by gatsby 13y ago
Congrats!
I really like the site and the concept. Two things:
1.) How do you make money? As a potential investor, I wish this was more transparent. One of the reasons I use Betterment and Wealthfront for equities is that their fees are very clear on their homepage. Because real estate has a history of hidden fees, I think it's important to highlight this right away.
2.) What does "$235m+ in Transactions" mean? Closed through RealCrowd? In funding? Previous closes with the principals of the company?
Wish you guys the best of luck, and am excited to watch you grow!
- jconley 13y ago1.) We charge operators listing fees and use typical recurring SaaS pricing for the investor/asset management features. We're (of course) working on a home page redesign that communicates this clearly. RealCrowd pricing is not unlike an MLS or other marketing platform. 2.) $235MM+ is the total value of the assets that have received equity funding through RealCrowd. Kind of like PG saying YC portfolio companies have a total value of $XXB. Though in our case that number is based on the value of real property at the time of acquisition. Thanks! EDIT: Grammar
- gatsby 13y agoMakes sense - thanks for the quick response!