Kunal Lunawat
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah, happy to talk about both of them.
So one of the companies was, the name of the company is Rumor, R-U-U-M-R.
Great founder story.
The founder's name is Jordan Allen.
He was previously the founder of this company called Stay Alfred, which was a short-term rental company, scaled it to $100 million in revenue.
And then the business shut down during the pandemic.
and he had to stop the business.
So this is his second rodeo.
And what's really interesting and fascinating is each one of his competitors in the business invested in the new company that he started, which goes on to show the command that he respects in the business.
His new company is predicated around bringing more transparency in the home sales process.
And the way he's doing that is by building a bidding platform where you as a seller can put your property for sale.
And as buyers, you can bid on the property and you can see for live where the property is currently at and what's the latest bid.
And what that kind of solves for is a lack of transparency in the home sales process.
And second, if you're a home buyer and if you've set your eyes on your dream home and you're bidding, say, $250,000, and then your broker comes back and tells you that, hey, we lost the property by $2,500, you don't want to be in that situation, right?
So this bidding platform kind of solves for that.
So that's a company that we recently invested in.
We wrote a $250,000 check in that company.
We weren't the lead there.
There were a bunch of other investors, pretty high profile names as well.
One of them was Adam Newman, the former founder of WeWork.