Idle

Idle

Idle is a peer to peer smartphone app that enables users to rent and rent out Idle goods

Print
Categories
Technology
Min Investment
$100
Location
Marietta, GA
Offering Date
April 13, 2021
Expected Close Date
July 12, 2021

Company Description

Idle is a peer to peer smartphone app that enables users to rent out Idle goods.

Key Deal Facts

Fully developed app with an existing user base with over 175,000 installs to date.
A front-runner in one of the fastest growing global markets: the emerging sharing economy.
Participation in the sharing economy promotes behaviors that reduce CO2 emissions and waste.
Renting and renting out your items can be a more attractive alternative to buying new.
Over $7,000,000 in inventory already listed by owners.
Completed YC Online Startup school. Co-Founder is a tech veteran with major exits to his credit.
Held the top position in the shopping category in Google Play store in 2020.

Management Team / Advisory Board Bios

Nicholas Luft, CEO
Prior to being CEO and Co-Founder of Idle, Nick was a successful business owner for more than a decade. He is a passionate, customer-focused leader with the vision and capability to guide Idle to the top of the rental marketplace.
Amount Raised : $0
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

Research Reports

No reports have been submitted

Become a Reporter

1 Comment

Nick L, 2 years ago

Really great opportunity. The sharing economy is about to be huge.