Vacayo

Vacayo

A landlord's favorite tenant.

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Security Type
SAFE
Categories
Service Businesses
Location
New York City, NY
Offering Date
December 27, 2017
Expected Close Date
April 29, 2018
Target Raise
$50.00K-$1.07M
Deal Notes
  • Funding goal: $50K - $1.07M
  • Investment size: $100 - $1M
  • Deadline: April 29th, 2018
  • Discount: 20%
  • Security: Crowd Safe
  • Valuation Cap: $10,000,000

Company Description

Airbnb has ignited a fast-growing interest in the short-term rental market. But most landlords still rent the “traditional” way or let their properties sit empty. Many pay high broker fees to secure a tenant, but still face vacancy risks because brokers only find tenants for a fee - they don’t guarantee their work. When landlords do find tenants, they’re burdened with managing every issue that arises during their tenancy - background checks, move-in/out, collecting rents, etc. The whole process is clunky, costly and time-consuming. Vacayo built a tech-powered solution for landlords that gives them true passive income. Unlike traditional property managers, Vacayo is fee-less! Vacayo relies on an arbitrage model, using our machine-learning algorithm to assess the earning potential of a home in real time. Landlords no longer have to choose between capitalizing on their investment and spending time with family!

Perks

Invest $100 - Vacayo swag bag with a laptop sticker, hat, notebook and t-shirt. A personal thank you from the Founders, and a shout-out on social media. Your name on our website "investors" page (with your consent).
Invest $500 - All of the above, plus 15% discount off your stay at any Vacayo property.
Invest $1,000 - All of the above, plus 30% discount off your stay at any Vacayo property plus swag bag.
Invest $2,500 - All of the above, plus complementary 2-night weekday stay at any Vacayo property. Invitation to design a future vacayo home plus swag bag..
Invest $5,000 - 5% lifetime discount. Complementary 3-night weekend stay at any Vacayo property plus swag bag. Invitation to design a vacayo home that will be named after someone of your choosing.
Invest $10,000 - 10% lifetime discount. Complementary 5-night trip to stay at any Vacayo destination of your choice. Invitation to design a vacayo home that will be named after someone of your choosing.
Invest $25,000 - 15% lifetime discount. Complementary 5-night trip plus a chartered flight to stay at any Vacayo destination of your choice. Fly out to have a luxury dinner with the team. Invitation to design a vacayo home to be named after someone of your choosing.
Invest $50,000 - All of the above, plus a seat on the Vacayo's advisory board and a chartered flight to spend an exclusive day of fun with our team. Plus exclusive invite to the annual investor retreat, including travel.

Key Deal Facts

Vacayo will lease and furnish your vacant rental property in under 72 hours
Innovative and highly scalable model guarantees landlords higher income
Landlords get an “Instant Rental Offer” using our online proprietary quoting tool
Revenue of $1.3M, 20% MOM growth, proven unit economics

Use of Proceeds

Capital raised privately and via Republic will generally go towards operating expenses, staffing, marketing, customer acquisition, and other undertakings that the team believes may be helpful for revenue and growth.

Management Team / Advisory Board Bios

Truth Oladapo
Founder and CEO
A serial entrepreneur, Truth founded “Thump,” a health tech company. Prior to that, he worked at Deutsche Bank in collateral management. He earned a BA in Econ/Physics from Jacksonville U and a Masters in Engineering from Columbia U.

Isabel Berney
Founder and COO
Prior to Vacayo, Isabel spent 2 years at Genpact, a financial consulting firm. In addition to helping co-found startup "Thump," she worked in marketing for Omnicom Media. Isabel graduated from Boston University’s College of Communication in 2009.

Emil Diaz
Lead Engineer
Columbia U Engineering Alum; Former CTO at Chicory, Worked for Deutsche Bank

Chris Strachan
Growth Advisor
Founding Principal at SVGA; Founder of @Bulldog; Angel Investor, Mentor and Advisor.

Jack Keigwin
Advisor
CEO of ‎Sound Point Asset Management Inc, serves on the Executive Advisory Board of Jacksonville University.

Kirby Winfield
Advisor and Investor
Founder of Dwellable and AdXpose, angel investor. After two successful exits, Kirby become an operating executive at back-to-back tech IPOs, with Go2Net (GNET) and Marchex (MCHX).

Garrett Koehn
Advisor and Investor
President of Northwestern US at CRC Insurance Group, Managing Partner at The Batchery, and angel investor.

Vladimir Kuperman
Lead Designer
Vladimir Kuperman is a founder, CEO and Creative Director of Limus Design, Inc. - a creative design and development agency specializing in engaging interactive web and mobile solutions.

Phil Dillard
Strategic Advisor
Founding Partner at VETCON | Founder & CEO of Black Ant Consulting

Catherine Concepcion
Operations Manager
Oversees new move-ins and the management of Superhosts in all our cities.

Lee Cruz
Customer Experience
Seasoned customer service professional. Ensures every guest has a smooth, unforgettable experience.

Jan Raya
Listing Specialist
Ensures the quality and accuracy of every Vacayo listing across all platforms.

Brandon Kamin
Video Production
Head of Bear Bear Productions

Michele Sconiers
Marketing
Repeat Founder @Stellup, @SunriseSiliconValley; Attorney, Princeton Alum

Deal Notes

  • Funding goal: $50K - $1.07M
  • Investment size: $100 - $1M
  • Deadline: April 29th, 2018
  • Discount: 20%
  • Security: Crowd Safe
  • Valuation Cap: $10,000,000
Amount Raised : $208,400
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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