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Combines the success of resident referral programs with the power of social networks. Residents refer their community to friends through social networks like Facebook, and email to earn rewards and live with friends. http://www.rentmineonline.com/
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Social Lead Generation Platform for Apartment Property Managers
Initial Focus on Property Management Vertical
PropertyMgmt Gyms StorageJobs Services
Time Shares Hotels
Multi-Billion $ Market
15M15M x $1000 rent / month
= $15B / Month
$180B / year $18 Billion / year (10% of total Revenues)
$15B$15B$15B$15B$15B$15B$15B$15B
$15B
$15B
$15B
$15B
JanFebMarAprMay
Aug
NovDec
SepOct
JunJul
US Population living in Apartment Communities
285M
Churn is the Problem
Vacancy
Delinquency
Re-Paint
Re-Carpet
Advertising
Cost to Prop Manager ~$2,000 per Resident
Joe777: Living at Summerfields in Landover, come check it out. http://rentmineonline/Refer a Friend/Summerfields
Thursday, May 7th at 17:13:17 · Reply · View Tweet
Solution: Social Referrals
Case Study: Sequoia Equities
‘The results speak for themselves, ‘Within 24 hours of our first RentMineOnline campaign residents sent 3,277 referral messages to friends on Facebook endorsing Sequoia communities’
- Lisa Trapp , Director of Marketing Sequoia Equities
Real-Time Tracking /Social Powered Referrals
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Management TeamEd Spiegel; Founder, CEO
• DFJ ePlanet Ventures, SoftCoin • MBA INSEAD ’07• Duke, Engineering ’99
Kevin Lochner; Technical Director• Silicon Graphics• PhD Computer Science, University of Michigan ‘08• Duke, Computer Science / Electrical Engineering ’99
Investors• Facebook Fund (Accel, Founders Fund)• Seedcamp (Index, Atlas, etc.)• PiE Equity, Lindzon Capital, Alex Hoye
Revenue and Ask
Profitable for last 5 months
90% client retention
Raising $750K+- Sales, Marketing, Engineering, New Verticals
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