Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Kunal Lunawat

๐Ÿ‘ค Speaker
153 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

Yeah, happy to talk about both of them.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

So one of the companies was, the name of the company is Rumor, R-U-U-M-R.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

Great founder story.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

The founder's name is Jordan Allen.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

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.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

And then the business shut down during the pandemic.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

and he had to stop the business.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

So this is his second rodeo.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

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.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

His new company is predicated around bringing more transparency in the home sales process.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

And the way he's doing that is by building a bidding platform where you as a seller can put your property for sale.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

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.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

And what that kind of solves for is a lack of transparency in the home sales process.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

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?

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

So this bidding platform kind of solves for that.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

So that's a company that we recently invested in.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

We wrote a $250,000 check in that company.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

We weren't the lead there.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

There were a bunch of other investors, pretty high profile names as well.

SaaS Interviews with CEOs, Startups, Founders
$500k Consulting to $45m Prop Tech VC Fund

One of them was Adam Newman, the former founder of WeWork.