Domi Penn Apps Accelerator Deck
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Transcript of Domi Penn Apps Accelerator Deck
Summary
A couple words: Easiest way to find/sublet an apartment around campusMission: Make housing easy for every studentGrowth: Over 300 beta usersStage: Working prototypeInitial focus: Drexel then Penn
Team
Erik Eliason * Matt Ellsworth * Ian Logan * Mike AdelekeCEO, Storefront VP of Growth, Storefront ENG Manager, Airbnb Founder at Domi
More on Mike:- Thinkful Graduate (2 courses) - Bloc.io Diversity Scholar, Android Apprentice- Co-organizer with Penn TEC - Incoming class of Wasabi Ventures Academy* Advisor
Problem
Problem
Problem
Problem
Technology
Rails app with more Front-end magic coming soonSoon to be mobile (Android apprentice)Initially, very similar to other products but the differentiation grows as new features are added Hackathon tour looking for a co-founder
Growth
Customers: College students, landlordsMarket Size: 13.8 million students attending 4-year colleges every yearChannels: Craigslist, Postlets, On-campus outreach, address books, Facebook connectSo Far: Over 300 students in two month push (stopped to work on product and finish courses)
Business model
● 2-5% fee for handling monthly payments● 5% closing fee for landlords on the system● $30/month subscription for students
including access to Domi Docs, Domi Common App, and potentially renter’s insurance
● $25 for on-site mobile closings
Competition
Our focus is on college students and speed.
Now Eventually
Do you use them?
Milestones
So Far:● Over 300 beta
users● Working prototype● Extreme user
interest
Penn Apps● Fully functional site● Begin Android beta● Reviews, payments
landlords● 40% of Drexel, 100
conversions, Penn launch
Vision