Afterrhome

Afterrhome

A.I. to help users book remote live stream inspections.

Print
Security Type
Revenue Sharing
Location
Baltimore, MD
Offering Date
September 18, 2020
Expected Close Date
January 13, 2021
Target Raise
$50.00K-$250.00K
Deal Notes

5% of revenues

2.0X payback multiple

Secured by assets of AfterrHome Inc. .

The company will pay investors 5% of revenues each quarter until 100% of your principal is returned plus 150% on top.

Company Description

AfterrHome is a platform that uses Artificial Intelligence to help users book remote live-stream home inspections. Our A.I assistant recommends inspections based on the neighborhood data & helps users book the inspections online.  Users pay 50% at the time of booking and the balance is paid over 3 months.  Our home inspector will conduct an on-site inspection, while our users and their realtor view their inspections via live-stream link. Users receive an instant SMART Inspection report. 

In 5 years, we hope to be conducting remote live-stream inspections in every U.S. state and in Canada. Our SMART Inspection Report will be available for licensing to home inspection companies.Our goal is to have enhanced our platform to include a virtual reality where users can step into the virtual version of their prospective homes. They can scan each component and receive an analysis report on the "health" of that component and its "life expectancy." 

Perks

Invest $250+ for Personalized Thank You on our IG page, 25% Discount on all services
$500+ Fireside Chat Invitation, Investor Spotlight on Social Media, 25% Discount on all services
$1,000+ Fireside Chat Invitation, Investor Spotlight on Social Media, Minority Investor Circle Invite
$10,000+ Fireside Chat Invitation, Exclusive Release Vote, Investor Spotlight on our website and social media, Minority Investor Circle Invite
Invest $250+ for Personalized Thank You on our IG page, 25% Discount on all services
$500+ Fireside Chat Invitation, Investor Spotlight on Social Media, 25% Discount on all services
$1,000+ Fireside Chat Invitation, Investor Spotlight on Social Media, Minority Investor Circle Invite
$10,000+ Fireside Chat Invitation, Exclusive Release Vote, Investor Spotlight on our website and social media, Minority Investor Circle Invite

Key Deal Facts

Over $500 Million Market Opportunity
Remote-Live Stream Inspections
Uses Artificial Intelligence to scan property neighborhood data for environmental hazards
Self- Analyzing SMART Inspection Report Scalable Inspection Technology
Subscription model for home inspection payments
4 ways to generate revenue: Inspections Realtor Programs Maintenance Plans Moving Services
Growth and innovation potential on parallel with platforms like Amazon and Zillow
Experienced Team with over 20 yrs Tech+Real Estate Experience

Use of Proceeds

$50,000

  • 20% toward marketing and advertisement
  • 42.5% toward web and app development
  • 30% toward hiring 2 full-time inspectors
  • 7.5% toward Wefunder intermediary fee

$250,000 

  • 10 % toward marketing and advertisement
  • 10% toward web and app development
  • 30% toward hiring 4 full-time inspectors
  • 42.5% toward launching in nearby states (DC,VA,DE,PA)
  • 7.5% toward Wefunder intermediary fee

Management Team / Advisory Board Bios

Michael Floyd
Founder/CEO
I utilized the model from YC Start-up school to create a simulation of a tech start-up accelerator for HS youth. This model forms the basis of a Tech, Engineering and Entrepreneurship program for high school youth in Detroit.

Lenora Felder
Co-Founder/COO
I created an aquaponics system inside of a school in Southeast DC. I showed urban HS youth how to utilize iterative design and science to farm tilapia and grow fresh foods using aquaponics--providing fresh food and produce in a food desert.

Deal Notes

5% of revenues

2.0X payback multiple

Secured by assets of AfterrHome Inc. .

The company will pay investors 5% of revenues each quarter until 100% of your principal is returned plus 150% on top.

Amount Raised : $15,637
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments