Because I know there's a crap ton of smart people in this forum and because I'm a mustachian myself, and because I think this startup fits the mustachian ethos (we're making efficient use of space, helping people save money faster and pay off mortgages faster, and helping the environment), I thought I'd post about the startup I'm growing.
CoLife solving attainable housing by matching the massive demand for attainable housing to the massive supply of 24 million Americans that live in a 3 bed 2 bath home alone.
Here's our quick blurb:CoLife (
www.LetsCoLife.com) is the safe and easy platform for singles to rent a room in the 24 million and growing nationwide single owner occupied 3 bedroom 2 bath homes, lowering housing costs for renters and homeowners (and a whole lot more).
--We’re currently raising a pre-seed round with commitments from the former head of technology investments for The Carlyle Group, the former CEO of Corporate Solutions for JLL, and one of our advisors is the former head of business development and fintech for Uber.
--Founder is experienced entrepreneur who grew first social enterprise with no outside investment and only $3,000 to $4 million in annual revenue and 170 employees from experience of voluntarily living in a halfway house for the homeless for a year and drove a car from Mongolia to London as part of his research for CoLife (and wrote books about both experiences).
--Based on the traction we've had of roughly 40k monthly GMV (NPS of 70, 5.75 to 1 LTV to CAC) with only 60k of investment, with 500k+ (8 times as much as we had on our first try while making mistakes and learning) we're going to smoke the 100k GMV level mark (2.5 times what we were doing before) that VC's want to see before investing in our next round.
Here's the pitch deck for CoLife:
https://docsend.com/view/yii3tfwifqzxe7i3Here's our investment thesis:
https://docsend.com/view/3wqcveix6a8gjyg7 We're adding a ton of value add investors, early Uber ops and other marketplace people. I also know there's a lot of smart devs hanging around Mr. Money Mustache. We're primarily looking for a growth marketer to join our team currently, possibly even as a cofounder.
Feel free to email me at Derek@CoLife.fit if you'd like to reach out directly. And if it's more appropriate to post this in investor alley or the landlords section, let me know and I can cross post there!
Thanks!