Nathan Latka

If somebody's listening to this podcast and comes to you today and offers you $10 million all cash to buy 100% of the business, do you sell?

All right, folks, my guest today is Raph Howery.

He's the CEO and founder of Cocoon.

It founded back in 2014 after a career at Kep Gemini.

He's now scaling in the space of, we're just going to call it property data as we dive in.

So Raph, are you ready to take us to the top?

Yes, I am.

All right.

So tell us what you do in like one or two sentences.

The homepage says the PICO score, get credit for upgrades.

What does this mean?

Okay.

So like if I just put in, if I put in like a random address, Mansell, yeah, let's just do Austin, Texas here.

What's happening on the, okay, so why doesn't you, so is this all, are you only in certain states?

Well, let's just look at one of these, right?

So Elder Miller Resort, Port Ritchie, Florida.

So price 285.

So I guess just to be clear before we jump in deeper here, you have four homeowners and four businesses.

How is your revenue made up?

Are homeowners paying you or are banks paying you?