-
Security Type
-
Common Stock
-
Categories
-
Travel, Service Businesses, Technology
-
Min Investment
-
$250
-
Offering Date
-
October 29, 2021
-
Expected Close Date
-
October 25, 2022
-
Target Raise
-
$10.00K-$5.00M
-
No. Investors
-
659
-
Security Price
-
$1.38
-
Valuation
-
$33,900,000
- Number of Employees
- 9
- Cash
- $1,352,183
- Revenue
- $27,669
- Short Term Debt
- $382,866
- Cost of Goods
- $10,907
- Long Term Debt
- $4,222,500
- Net Income
- $-1,150,676
Company Description
Whimstay is a new vacation rental platform that offers travelers incredible last-minute deals on professionally managed properties. By negotiating a discount on unsold inventory Whimstay provides the best value to last-minute travelers while increasing occupancy and driving additional revenue for property management companies and property owners.
Key Deal Facts
Whimstay is the exclusive last-minute distribution partner to Vacasa and Turnkey, two of the largest property management companies in North America.
The global vacation rental market was valued at over $87 billion in 2020 and is only growing.
Whimstay has received over 100,000 customer downloads and has partnered with over 580 property management companies to exclusively list last-minute stays - all with zero marketing spend.
Management Team / Advisory Board Bios
Ben Jamshahi
Director & CEO
Ben is a proven entrepreneur in information technology and consumer focused businesses with three successful exits. Ben has also owned a variety of vacation rental properties over the past 20 years and is intrigued with the opportunity to transform the Host and Traveler experience through the sharing economy. Ben loves to surf, travel and spend time with his three children.
Alex Alioto
Head of Growth and Partnerships
Alex started his sales career 10 years ago after a successful 12 year run as a New York stage actor. In 2010 he was hired as an account executive at an early-stage Yelp. After 11 months he was transferred to the newly established Pheonix office and promoted to sales manager where he led teams ranked consistently at the top of the organization for both revenue and target attained. He was then promoted to the National sales side where he led their newly formed National Franchise Sales team for two years, before moving back to San Francisco as a team lead for the newly formed Yelp SaaS product Yelp Reservations. From Yelp Alex started consulting startups as they scaled their sales efforts (including SwoopMe and Hitch-ride) In 2018, Alex received a call and was offered his dream role - to help build a unicorn travel marketplace with a brilliant founding team. As Head of Sales for Whimstay Alex has on-boarded over 580 PMC's with over 100,000 properties including V-Trips, TurnKey and Vacasa - the biggest Property Management Company in the U.S.