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Security Type
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Equity
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Categories
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Other
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Min Investment
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$250
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Offering Date
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February 07, 2019
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Expected Close Date
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May 18, 2019
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Target Raise
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$10.00K-$444.00K
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Deal Notes
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Minimum Number of Shares Offered: 40,000
Maximum Number of Shares Offered: 1,776,000
Price per Share: $0.25
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Valuation
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$6,008,591
Company Description
Rent-a-projector, Rent-a-lawnmower, Rent-a-dog walker, Rent-a- Halloween costume, Rent-a -guitar teacher, Rent-a-bouncy castle, prom dress, DJ, ice cream maker, Spanish tutor, steam vac, 3D printer, tuxedo, power drill ...... Do you get the name, idea, and possibilities?
All over the world people are changing the way they consume products and services. Companies like Netflix, Airbnb, Seamless, and many others, accommodate an ongoing shift in consumer preference away from ownership of goods and towards on-demand access.
People are looking for ways to temporarily use all kinds of goods and services without having to buy them. We Believe Rentah is the next big platform to satisfy this consumer desire by enabling peer-to-peer or P2P rentals of household goods and services.
Rentah's marketplace and mobile apps facilitate easy and trustworthy rentals between people near each other - the way neighbors used to do.
Perks
$1,000+ — If you invest $1,000, you will receive an additional 5.0% bonus.
$5,000+ — If you invest $5,000, you will receive an additional 10.0% bonus.
$10,000+ — If you invest $10,000, you will receive an additional 15% bonus.
$25,000+ — If you invest $25,000, you will receive an additional 20% bonus.
Use of Proceeds
Intermediary Fee: 6%
Marketing: 50% - 42%
Company Employment: 44% - 37%
R&D: 0% - 15%
Management Team / Advisory Board Bios
Anup Desai - Founder / CEO / Director
Born in Brooklyn and raised in Staten Island. I have wonderful immigrant parents that have worked for the City of New York for over 30 years. How do I portray myself as someone that is confident and capable enough to turn a start-up into a billion dollar company and not come off like a pretentious douche bag? I have lived in a number of places (NYC, San Diego, Mexico, India) and worked in many industries (government, retail, hospitality, academia). I am a cross between Michael Scott and Tupac, with better hair. In all seriousness, I believe it is my varied experiences that allow me to understand the Sharing Economy and think of it from the perspective of our future users. There is a hole in the market and Rentah can fill it. Rentah can change the world - by reducing waste, building communities, and helping us pay the rent.
Charlton Smith - Lead Web and Mobile Developer
From an early age I was introduced to computer science and started programming at the age of 12. My dad thought it was a mistake giving me a computer to use. I’m pretty sure every parent thinks that all their child will do is play games excessively but instead I was honing my programming skills. I mean I did hack into Grand Theft Auto a bunch of times...your welcome, but I was also growing as a person. Getting into programming was a way for me to learn how the world works. In a way, you have the power to create and control certain aspects of the economy through technology and that encouraged me to get a deeper understanding of modern technology.
Alyssa Smith - Front-End Developer and Project Manager
I’ve always had a passion for design and artistic expression but growing up in a blue-collar area of Georgia, it always seemed like an impossible dream. There just weren’t jobs in that field available in such a rural area, so when NYU’s Tandon School of Engineering reached out to me, I jumped at the opportunity to pursue something that would actually make me feel accomplished and happy, so I packed up my essential belongings and moved to a city hundreds of miles from anyone I have ever known, completely alone, and it was the best choice I’ve ever made. After 2 and a half years at NYU, I made the difficult choice to leave school and begin working, rather than finish school there and drown myself in debt at the start of my life. After that I found Rentah, and for the last 2 and a half years I have poured myself into this site to make it the best it can be.
Deal Notes
Minimum Number of Shares Offered: 40,000
Maximum Number of Shares Offered: 1,776,000
Price per Share: $0.25