William Black, Courtney Kasztelan, Shawn Soto, Loi Tran
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
⚫ Security Concerns
⚫ Moving to unknown cities
⚫ No information on potential roommates
⚫ Not Compatible
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
RateMyRoomie
⚫ Match-making service to find you the ideal roommate
⚫ Integrative mobile and web application
⚫ Algorithm-based roommate compatibility
“The E-Harmony for Roommates”™
⚫ Roommate search time cut by 50%
⚫ Increase likelihood of compatibility between roommates by 75%
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
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Copyright © 2016 RateMyRoomie Inc. All rights reserved.
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Industry Analysis:
Apartment Rental Industry
Environment Threat (& why?) Opportunity (& why?)
Homeownership rate lowering More people are renting than buying homes
Millennials are of age to rent apartments
New, large generation to target
New laws affecting the rental housing industry
Create renting app that coincides with laws
Internet of things Mobile app growth
Popularity of social media 84% of renters spend their weekday nights at home
Americans are more willing to move abroad
Need easy way to look for apartments even when moving abroad
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
[RateMyRoomie]
OVERVIEW: All in one suite for finding a roommate, leaving reviews of tenants, finding apartments, and matching rental suitors.
ADDITIONAL VALUE:
Roommate compatibility pairing, roommate reviews, background checks, moving related discounts, Global
[Craigslist] [Apartments.com] [Roomi]
OVERVIEW: Classified based service covering more than 700 local sites in
70 countries.
OVERVIEW: National online resource for finding apartments based on personalized searches and reviews of communities
OVERVIEW: Instantly post listings, search for the right room or roommate based on lifestyle preferences, apply for a room, and pay rent — all within one platform
ADDITIONAL VALUE:
Many additional items for sale,
Global
ADDITIONAL VALUE: Multimedia approach to listings, Apartment
Walkthroughs.
ADDITIONAL VALUE: Ability to pay rent within application, user chat
CONCERNS:
Privacy in sharing private information
CONCERNS: Safety, no vetting, potential roommate conflicts
Revenue Sources/Funding:
Premium Accounts
Affiliate Marketing & Advertising
Partnership with secure payment methods
Revenue Sources/Funding:
$13.5 M from Ebay, Inc.
Some Fees for listings
Winner!!!
CONCERNS: Safety, no vetting, potential roommate conflicts, US only
CONCERNS: Safety, no vetting, potential roommate conflicts, Few Cities
Revenue Sources/Funding:
Ad supported subsidiary of CoStar
Group, Inc.
Revenue Sources/Funding:
$6.62 M from venture capitalist
Advertising
IPO
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
Phase 1:
2016-2019
• Develop working prototype. Market research.
Phase 2:
• Deploy in
Philadelphia, New
York, Boston, & DC.
2020-2024
Phase 3:
• Deploy in North
America, UK,
France, & Germany.
Phase 4:
• Worldwide deployment. Install executive board.
Requirements:
Development team, marketing, investors, consumers, expanded workforce
Requirements:
New global HQ, Expand IT infrastructure,
International deployment team, expanded workforce
2026
Final Goals:
IPO
Preferred global roommate and rental finder
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
Download our App Now!
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
Threat of Potential Entrants
- Medium threat of new entrants
- Some experience needed in web design and database management
Bargaining Power of Suppliers
- Medium bargaining power of Suppliers
- Vast amount of sites to post rental listings but many have costs associated.
Rivalry Between Competitors
- High Rivalry between competitors
- Limited customer retention
Bargaining Power of Buyers
- Medium bargaining power of Buyers
- Many sites but no single application suite encompasses all desired features.
Threat of Substitutes
- High threat of substitutes
- Other applications, classifieds, college housing newspapers, word of mouth, rental agencies.
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
Copyright © 2016 RateMyRoomie Inc. All rights reserved.
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