nomadpass

8 ms·

31.
by nomadpass 4y ago
Exactly, but funding can mean no fees to help onboard new customers for the first few years. As I get closer to Series C in 5-6 years, then yes low fees maybe likely but still less than airbnb.
32.
by nomadpass 4y ago
Airbnb didn't make money first two years. I am open to fees, just not 17% in fees like airbnb, maybe half that or less I am comfortable with...something reasonable you know?
33.
by nomadpass 4y ago
I am not a rocket scientist, just a designer and builder. Even so, they do seem to be doing well, 6,000 employees and 70bn market cap doesn't sound like a bad deal...
34.
by nomadpass 4y ago
It is for investors to be able to log in using user demo, live version would never have this lol. It was a request from investors, so I complied. But live version will go straight to listings as it should.
35.
by nomadpass 4y ago
Because airbnb charges 17% in fees from every booking, guests are hurting. We wont charge a separate cleaning fee either. All listings are mandatory self check in as well.
36.
by nomadpass 4y ago
That is the plan eventually, but airbnb charges 17% in fees, we hope to charge half that or less if investors ask us to eventually implement fee structure
37.
by nomadpass 4y ago
Eventually the fees we collect will offset the funding.
38.
by nomadpass 4y ago
Thank you! that means alot
39.
by nomadpass 4y ago
Eventually we may charge fees, but still lower than 17% of airbnb, probably half of that or less
40.
by nomadpass 4y ago
Only for the demo, live version will require no log in, its just to show investors how to use demo user login
41.
by nomadpass 4y ago
Maybe the people who invested in airbnb? They didnt make money first two years. Its only been a week since I launched the demo so give me a chance lol
42.
by nomadpass 4y ago
We aren't ruling out the possibility of low fees if investors ask for it. And yes its just dummy data for now. It is a demo lol.
43.
by nomadpass 4y ago
We will charge fees in the future perhaps but it would still be less than airbnb.
44.
by nomadpass 4y ago
Am hoping some investor who may be lurking here might want to participate in our seed round. We have gotten some offers last week of 1.5-2m for 15% but terms not founder friendly. We can email/fax proof if necessary to prove it. Hoping
45.
Show HN: Nomad, a no fee Airbnb competitor. Any investors here?(nomad-pass.herokuapp.com)
16 points by nomadpass 4y ago|112 comments
46.
by nomadpass 4y ago
Yeah, but that means going full production live which means I wouldn’t need investors if I went that route
47.
by nomadpass 4y ago
Just like Uber temporarily suspends drivers who below 4.5, we will also. My goal is to have high quality hosts and stays. It motivates them to keep up quality if there is a points system
48.
by nomadpass 4y ago
The X in this case was to deliver an MVP. I think we accomplished that. I don't think we can go further without funding because we need developers and help and funding to pay for our hosting needs.
49.
by nomadpass 4y ago
I didn't decide on the valuation, it was pre established. I thought the norm was 7% for 500K, and I assumed that was kind of the standard in the pre-seed world, so it makes sense for seed rounds to be on average 2 million for 10-20% of
50.
by nomadpass 4y ago
Hi Roger, do you know any investors who you had a good experience with? The 2.5m were not founder friendly, it would have diluted me to over 20%. I am looking for something along the lines of 1.5m-2m for 15-20% of the company.
51.
by nomadpass 4y ago
Yeah, its just an MVP and San Francisco was kept as these are made up listings to show how the product works, also because alot of investors live in SF/Bay Area, so it seemed like a good idea
52.
Need help, investors lied to me
4 points by nomadpass 4y ago|16 comments
53.
Any feedback from HN on our demo?(nomad-pass.herokuapp.com)
2 points by nomadpass 4y ago|6 comments
54.
by nomadpass 4y ago
Hi, I am building out an app called Nomad that will offer hosts and guests zero fees, mandatory self check in on all listings and no cleaning fees. Was hoping for some feedback from the HN community and hopefully any investors interested in