{"data":{"type":"company_profile","id":118178,"entity_id":"wefunder:company:118178","attributes":{"canonical_url":"https://wefunder.com/homeshake","generated_at":"2026-06-15T06:31:42Z","updated_at":"2026-06-15T05:00:53Z","entity_ids":{"company":"wefunder:company:118178","slug":"wefunder:company_slug:homeshake"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-15T06:31:42Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-15T05:00:53Z","as_of":"2026-06-15T06:31:42Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-15T05:00:53Z","as_of":"2026-06-15T06:31:42Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-15T06:31:42Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-15T06:31:42Z","confidence":"medium"}}},"company":{"id":118178,"entity_id":"wefunder:company:118178","slug":"homeshake","name":"Homeshake","tagline":"The first agent-free marketplace to buy or sell a home.","elevator_pitch":"Homeshake is a real estate marketplace that directly connects buyers and sellers.","story":"Have you ever sold a home and looked at the agent commissions only to wonder, “What exactly did I just pay for?”\u0026nbsp;You’re not alone.The average seller pays over $25,000 in agent commissions at the closing table. That’s real money.\u0026nbsp; And for what?Consumers today are doing much of the work, but still paying those exorbitant commissions once the deal is done. It’s an outdated system that takes power out of consumers’ hands and\u0026nbsp;creates unnecessary complexity.\u0026nbsp;\u0026nbsp;But here's the real kicker: It\u0026nbsp;costs Americans over 100 billion dollars every year.Homeshake is totally different.It’s a commission-free real estate marketplace where buyers and sellers work directly without agents in the middle. Buying or selling a home is not as hard as real estate agents want us\u0026nbsp;to believe. Homeshake replaces the traditional middleman and gives people the tools and support they need to buy or sell a home with confidence. With Homeshake, anyone can do it.If you’re thinking, “Wait, isn’t this just For-Sale-By-Owner?” the answer is a resounding no. With FSBO, you’re completely on your own to figure everything out the hard way and you'll still wind up paying a 3% commission to the buyer’s agent. Likewise, don't\u0026nbsp;mistake Homeshake for just another discount broker. Discount brokers have been around a long time. It's the same old agent-based system repackaged for a cheaper price - lipstick on a pig. And, like FSBO, you're still on the hook for a 3% commission to the buyer's agent.Homeshake is a new, smarter way to buy or sell a home - blending the right amount of technology with the right amount of real human expertise so people can do it themselves without having to do it all on their own. Isn’t that the way it should be?A lot of people assume that hiring an agent is the easy route. But the truth is, agents introduce all sorts of friction, competing interests, and unnecessary complexity.With Homeshake\u0026nbsp;you\u0026nbsp;talk directly to the buyer or seller to schedule a tour when it's convenient\u0026nbsp;for YOU.With Homeshake you can make an offer in minutes by spelling out the 5 key deal points that cover the basics and get the ball rolling.\u0026nbsp;With Homeshake buyers and sellers are free to\u0026nbsp;focus on a win-win deal without questioning ulterior motives of third-parties.\u0026nbsp;Homeshake Is\u0026nbsp;a\u0026nbsp;MarketplaceHomeshake is an online marketplace where sellers can list and buyers can search for their next home. Homes can be found on the Homeshake marketplace as well as Zillow for maximum reach.Sellers can list their home on Homeshake\u0026nbsp;in a matter of minutes, plus\u0026nbsp;get additional exposure\u0026nbsp;through done-for-you:Digital adsSearch adsSocial media postsMailersYard signsand more!The best part?\u0026nbsp; No listing\u0026nbsp;contracts. No up-front costs.Homeshake is More than a MarketplaceHomeshake makes communication super easy. Everything from direct messaging between buyers and sellers to scheduling in-person or virtual tours to making an offer all happen inside the app.Beyond the convenience, we’ve found that wonderful things can happen when you remove the middleman and\u0026nbsp;people start talking. Buyers and sellers become more human. They get to meet, and better understand one another’s priorities. All of the sudden, aligning around the key terms of the deal gets a lot easier. Often things fall into place with less friction. Plus, who can sell your house better than you? You know everything about it - the stories, the charm, and the hidden gems.Homeshake Simplifies the Process From Start to FinishBuying or selling a house isn’t as hard as you might think. But it’s still a big deal. There are certain steps you can’t skip and important moments that can’t be overlooked. The Homeshake app keeps everything organized and in one place. From initial contact to final closing, each step is laid out for you in a clear, intuitive timeline. Forms are digital so no last minute scrambling to find a fax machine. Whatever you need is all right there. Get it done, and get on with your day.Is it still work on your shoulders?\u0026nbsp; Yes.\u0026nbsp; But Homeshake customers find that it's not much more work than they were already going to have to take on by hiring an agent.\u0026nbsp; And the savings you get in return are well worth it.Get Guidance From Real ExpertsYou’re in control. But sometimes you have questions. Wouldn’t it be great to get advice from an expert?\u0026nbsp; You got it.With Homeshake you can tap into licensed professionals, including real estate attorneys, for advice whenever you need it.These experts aren’t commission-based, so you can trust they have your best interest in mind and that you’ll show up to the closing with all the I's dotted and\u0026nbsp;T’s crossed.A Better Deal For EveryoneTypically, agents are going to split a 6% commission once the deal is done. That can add up to tens of thousands of dollars. Think about what else you could do with that money. College tuition. A new car. A hot tub time machine!With Homeshake you only pay a 1% Success fee.\u0026nbsp;\u0026nbsp;That’s a huge difference:You read that right. If you sold your home for $500k you’d only pay $5k in fees on Homeshake compared to $30,000 in agent commissions.Homeshake Is Already A HitThe growth over the past two years has been exciting. Not only has Homeshake saved customers over 1 million dollars in agent commissions, but the response has been overwhelmingly positive.“This is the way it should be. We saved more than $25k selling through Homeshake.”\u0026nbsp;-Leonard P.“We discovered that buying a home doesn't have to be so complicated! We recommend Homeshake to all of our family and friends.” -Matt L.\"Our experience with Homeshake was stellar from start to finish. If we ever buy again, we hope it will be through Homeshake!” -Ivy B.And the most telling review of all? Homeshake customers have invested over $200k of their own money into the business. When customers become investors you're doing something right.Homeshake Has Major Growth PotentialServiceable Obtainable Market: Currently Homeshake is live in Cincinnati, OH where there’s an average of 25k homes sold every year. At an average fee of $6k per transaction that makes the SOM approximately $150M. Serviceable Available Market: Given that Homeshake is a licensed broker in the state of OH, the natural next step is to expand state-wide. There are approximately 150k homes bought/sold every year in Ohio bringing the SAM to roughly $900M.Total Addressable Market:\u0026nbsp;There are approximately 6M homes sold in the US every year. The\u0026nbsp;nation-wide opportunity for Homeshake grows exponentially to\u0026nbsp;an estimated TAM of $36B!Homeshake has big plans.\u0026nbsp;\u0026nbsp;But when you're playing in the single largest industry in the US economy, even capturing modest market share\u0026nbsp;is a home run.Let's say\u0026nbsp;Homeshake reaches 3% market share\u0026nbsp;- meaning 3 out of every 100 people decide to buy/sell their home on our marketplace.\u0026nbsp; In that scenario, Homeshake would be generating just over $1B in annual revenue.Wefunder Raise At-A-Glance:Target Raise: Homeshake has already successfully raised funds from friends, family, customers, and partners. Now we’re excited to open the opportunity through Wefunder as we raise $1.5M based on a $12M valuation. Runway: Once fully funded, this round will pour fuel on an already growing top line. Sales volume and revenue have doubled for the past 3 quarters. This Wefunder raise will provide a runway of\u0026nbsp;18 months to continue that growth.Key Priorities: There are 3 main areas of focus. First, we will hire top talent in areas like marketing, technology, and operations. Second, we will expand geographically to strategic markets in\u0026nbsp;Ohio and Kentucky. Third, we will accelerate product development for next level mobile application and user experience.Our FoundersThrough their decades of real estate experience, Homeshake’s founding team knew there was a better, simpler, and friendlier way to buy and sell homes. Nearly every other industry has benefitted from new technologies and peer-to-peer business models while the residential real estate industry has remained largely unchanged. Homeshake was launched in 2020 to give homebuyers and sellers the experience they expect in a rapidly evolving world.CUSTOMER REVIEWSHomeshake customers aren't afraid to share the love.\u0026nbsp; We currently have 100%\u0026nbsp;⭐️⭐️⭐️⭐️⭐️ Reviews on Google.\u0026nbsp; Don't believe us?\u0026nbsp;\u0026nbsp;Click here to see for yourself.\u0026nbsp; We double-dog dare you.GOT QUESTIONS?","location":"Cincinnati, OH","website":"https://homeshake.com/","total_amount_raised":1221694,"total_investors":276,"is_funded":true,"is_active":true,"quality_score":3,"related_urls":["https://wefunder.com/homeshake","https://homeshake.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/118178/xxl_cropped_COVER_IMAGE.001.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/118178/large_cropped_homeshake_logomark_orangereverse__1_.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/118178/standard_cropped_COVER_IMAGE.001.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/118178/standard_cropped_COVER_IMAGE.001.jpg","profile_video_url":"https://wefunder.wistia.com/medias/vgn9r2k62q"},"links":{"company_url":"https://homeshake.com/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"🎉 Customers have saved over $1M in commissions to date"},{"index":2,"claim_id":"claim-fact-2","value":"🚀 2x Revenue growth for 3 consecutive quarters"},{"index":3,"claim_id":"claim-fact-3","value":"📈 2x Sales volume growth for 3 consecutive quarters"},{"index":4,"claim_id":"claim-fact-4","value":"❤️ $200k+ already invested from happy customers"},{"index":5,"claim_id":"claim-fact-5","value":"💪 Over $22M in sales volume in first 2 years"},{"index":6,"claim_id":"claim-fact-6","value":"🙌 Sellers save an average of $25K per transaction"},{"index":7,"claim_id":"claim-fact-7","value":"⭐️⭐️⭐️⭐️⭐️ 100% Five-Star reviews on Google"},{"index":8,"claim_id":"claim-fact-8","value":"🔥 $36B market potential for homes sales in the US"}],"team":[{"id":2907227,"entity_id":"wefunder:company_role:2907227","user_entity_id":"wefunder:user:2717532","role":"founder","name":"Nick Rabin","title":"Founder and CEO","bio":"Over 20 years of experience in the real estate industry as an investor, broker, and executive. Former SVP of multi-billion dollar development company. Made first real estate acquisition at age 21. Thousands of home sales and leasing transactions.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2907227/square_cropped_Screen_Shot_2022-07-26_at_6.32.25_PM.jpg?1659993294","profile_url":"https://wefunder.com/nick.rabin","linkedin_url":"https://www.linkedin.com/in/nick-rabin-a1b9a51b4/","related_urls":["https://wefunder.com/nick.rabin"]},{"id":2907228,"entity_id":"wefunder:company_role:2907228","user_entity_id":"wefunder:user:2717266","role":"founder","name":"Jonathan Bennie","title":"Co-founder and General Counsel","bio":"15 year real estate attorney, recognized for professional excellence. Guided buyers, sellers, and investors through real estate transactions representing hundreds of millions of dollars in value.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/2907228/square_cropped_Screen_Shot_2022-07-26_at_6.33.53_PM.jpg?1660105182","profile_url":"https://wefunder.com/jonathan.bennie.2","linkedin_url":"https://www.linkedin.com/in/jcbennie/","related_urls":["https://wefunder.com/jonathan.bennie.2"]}],"featured_investors":[{"id":6017,"entity_id":"wefunder:company_investor_profile:6017","investor_profile_id":2202333,"investor_profile_entity_id":"wefunder:investor_profile:2202333","subject_entity_id":"wefunder:user:2733805","name":"James N Steger","bio":"Co-Founder and CEO of Integrity Express Logistics","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/2733805/medium_cropped_JamesSteger.jpg","profile_url":"https://wefunder.com/jamesnsteger","investment_total":50000,"investment_info":"Invested $50,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/jamesnsteger"]}],"investor_memos":[],"tab_counts":{"posts":11,"ask_questions":31,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":65544,"entity_id":"wefunder:fundraise:65544","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":250,"max_purchase":9,"funding_target":2000000.0,"minimum_target":"1000000.0","maximum_target":"2000000.0","funding_started_at":"2022-09-30T18:47:36Z","funding_closed_at":"2023-01-14T05:01:50Z","auto_close_at":"2023-01-14T04:59:59Z"},{"id":67539,"entity_id":"wefunder:fundraise:67539","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"ttw","security_type":"equity","currency":"USD","testing_the_waters":true,"min_purchase":250,"max_purchase":9,"funding_target":2000000.0,"minimum_target":"1000000.0","maximum_target":"2000000.0","funding_started_at":"2022-07-26T23:36:22Z"}],"latest_fundraise":{"id":65544,"entity_id":"wefunder:fundraise:65544","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2022-09-30T18:47:36Z","funding_closed_at":"2023-01-14T05:01:50Z","terms":{"eb":null,"nb":"$12M","txt":"valuation cap"}},"recent_posts":[{"id":173126,"entity_id":"wefunder:feed_item:173126","type":"FeedItem::Update","visibility":"public","title":"Q1 results and industry news","preview":".","published_at":"2024-04-29T23:29:47Z","author_name":"Nick Rabin","url":"/feed/173126","canonical_url":"https://wefunder.com/feed/173126"},{"id":169745,"entity_id":"wefunder:feed_item:169745","type":"FeedItem::Update","visibility":"public","title":"Happy New Year!","preview":".","published_at":"2023-12-31T16:20:55Z","author_name":"Nick Rabin","url":"/feed/169745","canonical_url":"https://wefunder.com/feed/169745"},{"id":167482,"entity_id":"wefunder:feed_item:167482","type":"FeedItem::Update","visibility":"public","title":"Market expansion","preview":".","published_at":"2023-09-29T18:51:14Z","author_name":"Nick Rabin","url":"/feed/167482","canonical_url":"https://wefunder.com/feed/167482"},{"id":165250,"entity_id":"wefunder:feed_item:165250","type":"FeedItem::Update","visibility":"public","title":"Homeshake is growing","preview":"Homeshake is growing","published_at":"2023-06-30T17:48:28Z","author_name":"Nick Rabin","url":"/feed/165250","canonical_url":"https://wefunder.com/feed/165250"},{"id":162943,"entity_id":"wefunder:feed_item:162943","type":"FeedItem::Update","visibility":"public","title":"Homeshake hires CTO","preview":"Homeshake hires CTO","published_at":"2023-04-13T18:54:19Z","author_name":"Nick Rabin","url":"/feed/162943","canonical_url":"https://wefunder.com/feed/162943"},{"id":160240,"entity_id":"wefunder:feed_item:160240","type":"FeedItem::Update","visibility":"public","title":"Happy New Year!","preview":"Happy New Year!","published_at":"2022-12-30T17:18:48Z","author_name":"Nick Rabin","url":"/feed/160240","canonical_url":"https://wefunder.com/feed/160240"},{"id":160098,"entity_id":"wefunder:feed_item:160098","type":"FeedItem::Update","visibility":"public","title":"Homeshake hires CMO","preview":"Homeshake Hires Kyle Naughtrip\u0026nbsp;as Chief Marketing OfficerFormer Uber marketer to lead growth efforts.Homeshake, a Cincinnati-based proptech startup that offers homebuyers and sellers an agent-free marketplace, is excited to announce the hiring of Kyle Naughtrip as its Chief Marketing Officer.In this new role, Kyle will be responsible for all marketing and advertising initiatives for the growing company. He has over 15 years of experience in both B2B and B2C marketing.\u0026nbsp;Kyle brings a ...","published_at":"2022-12-21T21:55:13Z","author_name":"Nick Rabin","url":"/feed/160098","canonical_url":"https://wefunder.com/feed/160098"},{"id":159384,"entity_id":"wefunder:feed_item:159384","type":"FeedItem::Update","visibility":"public","title":"Happy customers","preview":"Happy customers","published_at":"2022-11-15T21:59:35Z","author_name":"Nick Rabin","url":"/feed/159384","canonical_url":"https://wefunder.com/feed/159384"},{"id":159042,"entity_id":"wefunder:feed_item:159042","type":"FeedItem::Update","visibility":"public","title":"Sales update","preview":"Sales update","published_at":"2022-10-27T14:31:56Z","author_name":"Jonathan Bennie","url":"/feed/159042","canonical_url":"https://wefunder.com/feed/159042"},{"id":158952,"entity_id":"wefunder:feed_item:158952","type":"FeedItem::Update","visibility":"public","title":"Homeshake crosses $1M","preview":"Homeshake crosses $1M","published_at":"2022-10-23T16:18:58Z","author_name":"Nick Rabin","url":"/feed/158952","canonical_url":"https://wefunder.com/feed/158952"},{"id":158897,"entity_id":"wefunder:feed_item:158897","type":"FeedItem::Update","visibility":"public","title":"Homeshake launches on Wefunder","preview":"Homeshake launches on Wefunder","published_at":"2022-10-21T14:41:00Z","author_name":"Nick Rabin","url":"/feed/158897","canonical_url":"https://wefunder.com/feed/158897"}],"q_and_a":[{"id":230214,"entity_id":"wefunder:comment:230214","question":"Could HomeShake somehow partner with Bee Mortgage App? https://www.beemortgageapp.com/ https://wefunder.com/beemortgageappVIP I backed Bee Mortgage App on Wefunder and I believe they are currently operational in Florida. Homeshake and Bee seem complimentary and those on the home sell side would likely benefit from using both.","author_name":"Roger Austin","votes":3,"created_at":"2023-01-03T22:28:40Z","canonical_url":"https://wefunder.com/homeshake#question-230214","answers":[{"id":230439,"entity_id":"wefunder:comment:230439","answer":"Morning, Roger! Thanks for your strategic question. When we first started exploring Wefunder, Bee Mortgage was a company and campaign we came to quickly admire. Yes, as both of our companies expand and enter into the same markets, a strategic partnership would make sense.","author_name":"Jonathan Bennie","votes":3,"created_at":"2023-01-05T16:48:14Z"}]},{"id":221418,"entity_id":"wefunder:comment:221418","question":"Do you consider “SimpleShowing” based out of Atlanta as your competitor ?? They have survived so far in the market and are having a great team….","author_name":"Sagar Patel","votes":2,"created_at":"2022-10-07T20:31:57Z","canonical_url":"https://wefunder.com/homeshake#question-221418","answers":[{"id":221722,"entity_id":"wefunder:comment:221722","answer":"Great question, Sagar. We're familiar with SimpleShowing and do not consider them a competitor. They are a discount broker and rely heavily on agents. Sellers on SimpleShowing still pay 3% to a buyer's agent - not on Homeshake!","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-10T21:28:54Z"}]},{"id":231881,"entity_id":"wefunder:comment:231881","question":"if you are already licensed in KY, why can't i sell my house on your website now? why the wait? if i buy shares now, how much am I going to be diluted when you keep raising more money in the future? do i get a bigger share or a cheaper price now vs those who buy shares in the future? what other fees do i have to pay besides the 1% when i sell my house?","author_name":"David Hackett","votes":1,"created_at":"2023-01-21T21:13:35Z","canonical_url":"https://wefunder.com/homeshake#question-231881","answers":[]},{"id":231015,"entity_id":"wefunder:comment:231015","question":"How is your system any different or better than HomeLight?","author_name":"Jignesh Patel","votes":1,"created_at":"2023-01-11T19:58:56Z","canonical_url":"https://wefunder.com/homeshake#question-231015","answers":[{"id":231080,"entity_id":"wefunder:comment:231080","answer":"Morning, Jignesh - thank you for your question and your investment! Homeshake is built for consumers. We give buyers and sellers the technological tools and support they need to deal directly and control their own experience. This allows Homeshake to save sellers a full 5%! Homelight matches buyers and sellers with expensive agents and their technology is built for those agents. Nearly every other industry has benefitted from disintermediation and peer-to-peer business models. Homeshake is that change for residential real estate.","author_name":"Jonathan Bennie","votes":0,"created_at":"2023-01-12T15:53:10Z"}]},{"id":222739,"entity_id":"wefunder:comment:222739","question":"RE transactions can be tedious and many huddles and hiccups along the ways. How do you plan to tackle it in the areas where many unknowns happen along the ways so you can properly consult your clients? For example, some townships require U\u0026amp;O or CO in order to transfer to the buyers. Some don't even need one. Also, I saw you mentioned about you can do the comp for the sellers. In the areas that COMPs can be tricky and you are not familiar to the area, how do you solve the COMP that the sellers can entrust you when you give them price suggestions that you may not know about the areas? For example, Zillow has Zestimate and often time, it is not acurate. What kind of price prediction model that you are planning to use?","author_name":"Quang Ho","votes":1,"created_at":"2022-10-18T23:34:04Z","canonical_url":"https://wefunder.com/homeshake#question-222739","answers":[{"id":222925,"entity_id":"wefunder:comment:222925","answer":"Hi Quang, thank you for your investment! You are correct, most real estate transactions require a professional human touch along the way. Our software automates much of the process and empowers people to take control of the journey, but we also provide expertise when needed. Very important. Homeshake’s model reduces time spent per customer by more than 10x. Comps are an important tool to help sellers price their home. As you point out, there is no shortage of data publicly available. We consolidate multiple data points into one convenient report and transparently make it available to both buyers and sellers. Additionally, we’re currently evaluating national data providers to deploy a pricing tool that will help our customers wherever they are located. This feature would provide a suggested value, value range, and confidence score, all based on local comparable sales.","author_name":"Nick Rabin","votes":0,"created_at":"2022-10-19T19:28:04Z"}]},{"id":221699,"entity_id":"wefunder:comment:221699","question":"Hello, do you have a CTO? I'm worried to invest in a company that doesn't have a CTO :(","author_name":"Amine Belabbes Nabi","votes":1,"created_at":"2022-10-10T19:08:44Z","canonical_url":"https://wefunder.com/homeshake#question-221699","answers":[{"id":221724,"entity_id":"wefunder:comment:221724","answer":"We've been fortunate to have great developers along the way and we're thrilled to be adding a CTO role with this raise!","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-10T21:29:06Z"}]},{"id":221470,"entity_id":"wefunder:comment:221470","question":"Hi Nick and Jonathan, good presentation, and Q\u0026amp;A videos. Congrats on your early success. Three questions: 1. Your video mentions raising \"$1.5 million\" in this seed round on Wefunder. But your Wefunder page says \"$1 million\" is your goal. Why did you reduce the amount you are seekign to raise? 2. You state that \"After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 18 months before we need to raise further capital.\" Is this 18 month projection based on a $1M raise, or a $1.5M raise? 3. Your list of Past Fundraises has two $800,000 investments in a \"Priced Round\" prior to 2022. What was the post-money valuation on those two $800K rounds? Thank you","author_name":"Clay Siegert","votes":1,"created_at":"2022-10-08T12:00:30Z","canonical_url":"https://wefunder.com/homeshake#question-221470","answers":[{"id":221726,"entity_id":"wefunder:comment:221726","answer":"Clay, thank you for your investment! 1. Our goal remains $1.5m. The Form C filing requires a minimum raise, which we set at $1m. Wefunder displays the minimum until it is reached. 2. The 18 month projected runway is based on a $1.5m raise. 3. $1.6m and $5.3m.","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-10T21:29:15Z"}]},{"id":221354,"entity_id":"wefunder:comment:221354","question":"Very good idea! Why not protect the software/process. Easy for larger guys (arrived homes) to implement into there platform. Why not close the door and funnel them through your platform and truly make it the last and biggest frontier's for peer to peer transformation?","author_name":"Denyveaus Sells","votes":1,"created_at":"2022-10-07T05:22:17Z","canonical_url":"https://wefunder.com/homeshake#question-221354","answers":[{"id":221725,"entity_id":"wefunder:comment:221725","answer":"Hi, Denyveaus - thanks for investing! Yes, we're thinking big too!","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-10T21:29:10Z"}]},{"id":221258,"entity_id":"wefunder:comment:221258","question":"I am just echoing Varuns question about competitors, there are many people who are licensed real estate brokers individuals and/or firms who could set up this app also and compete once they see the profit you are generating. The same way amazon prime streaming and other competitors came into being after Netflix started streaming successfully.","author_name":"Aslam Amin","votes":1,"created_at":"2022-10-06T17:58:24Z","canonical_url":"https://wefunder.com/homeshake#question-221258","answers":[{"id":221851,"entity_id":"wefunder:comment:221851","answer":"Thanks again for your question, Aslam. Answered in response to your follow up question.","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-11T16:03:42Z"}]},{"id":221181,"entity_id":"wefunder:comment:221181","question":"I have two questions, first who are your competitors, if no one right now can someone with deep pockets deliver this platform faster? Second, housing market is slowing dramatically, this is perfect timing as sellers will be trying to save more, can you provide a detailed update on execution roadmap?","author_name":"Varun Gupta","votes":1,"created_at":"2022-10-06T04:55:24Z","canonical_url":"https://wefunder.com/homeshake#question-221181","answers":[{"id":221214,"entity_id":"wefunder:comment:221214","answer":"Hi Varun, thanks for your questions. Nobody is doing what we're doing. There are barriers to entry - for example, must be a licensed real estate broker. Can't just be two guys in a garage. Few if any existing brokers want to change the status quo because of its monopoly pricing. We agree re: housing market - perfect timing. Follow this Wefunder page for updates throughout the campaign as we hire talent, expand to new markets, and more.","author_name":"Nick Rabin","votes":0,"created_at":"2022-10-06T14:29:42Z"}]},{"id":279631,"entity_id":"wefunder:comment:279631","question":"How will HomeShake leverage the recent National Association of REALTORS® settlement agreement? I realize that commissions have always been \"negotiable\", but seems that there are some opportunities (risks?) for HomeShake.","author_name":"Christopher Babel","votes":0,"created_at":"2024-03-25T21:10:03Z","canonical_url":"https://wefunder.com/homeshake#question-279631","answers":[{"id":279758,"entity_id":"wefunder:comment:279758","answer":"Hi Christopher, thanks for the question. The NAR settlement is great news for Homeshake and consumers. We agree it creates both new opportunities and potential challenges. On one hand, we most certainly: · gain more listings and a deeper buyer pool, further accelerating our growth · have a major competitive advantage because \"Homeshake is free for buyers\" · phase out and eliminate agent referral fees, thereby lowering costs On the other, we must be agile in anticipation of: · pricing pressure · innovation or new competition Exciting times! Everyone is talking about it. We are full speed ahead. Here's a link to our recent cover story on this very topic: https://www.bizjournals.com/cincinnati/inno/stories/profiles/2024/03/21/nar-settlement-realtor-homeshake-startup-ready.html","author_name":"Nick Rabin","votes":1,"created_at":"2024-03-26T20:10:07Z"}]},{"id":242237,"entity_id":"wefunder:comment:242237","question":"My second message asking for some updates for investors? No reply?","author_name":"Aslam Amin","votes":0,"created_at":"2023-04-09T11:27:28Z","canonical_url":"https://wefunder.com/homeshake#question-242237","answers":[]},{"id":239836,"entity_id":"wefunder:comment:239836","question":"Hi guys I have invested but I haven't had any updates about the company? Will you be following up with investors please?","author_name":"Aslam Amin","votes":0,"created_at":"2023-03-23T18:57:57Z","canonical_url":"https://wefunder.com/homeshake#question-239836","answers":[]},{"id":230446,"entity_id":"wefunder:comment:230446","question":"I think this is a great idea and serendipitous to my current needs. I would like to invest as well as use the services you offer, but as I read this, you are limited currently to Ohio?? I live in Las Vegas..would like to sell here and move back to Northern California. I should wait until September 2023 before selling (to avoid Capital Gains Taxes) but given your fees, my gain would more than cover any taxes. So how long do you think before you are nationwide? Thank you.","author_name":"Daniel Osso","votes":0,"created_at":"2023-01-05T17:59:43Z","canonical_url":"https://wefunder.com/homeshake#question-230446","answers":[{"id":230639,"entity_id":"wefunder:comment:230639","answer":"Daniel, thanks so much for your interest! We'd love to count you among our investors and we'd love to help with the sale of your Las Vegas home, but nationwide expansion is a few years off. Your increased gain by using Homeshake covering a potential tax liability is a great example. By lowering the cost to transact, sellers like you keep more of your hard-earned equity, making relocations back to Northern California that much easier. Thank you again, Daniel!","author_name":"Jonathan Bennie","votes":0,"created_at":"2023-01-07T18:36:46Z"}]},{"id":224835,"entity_id":"wefunder:comment:224835","question":"Hopefully this year you actually make something. You have probably percentage wise the best profit margin I have seen and still losing money like crazy especially compared to your revenue which is next to nothing. How are you going to address your huge losses and little revenue,you are sitting on something special. That way you don't keep having huge losses your revenue was very little even with a huge percentage increase. Did a huge part of your money go towards tech related stuff?app better etc? Thanks","author_name":"John Webster","votes":0,"created_at":"2022-11-06T05:07:25Z","canonical_url":"https://wefunder.com/homeshake#question-224835","answers":[{"id":224917,"entity_id":"wefunder:comment:224917","answer":"Thanks John! Yes we’re tracking to grow revenue by 300% this year. Looking back at years 1 and 2, we had startup costs to build out the tech and launch the marketing. Moving forward we’ll continue to focus on growing our top line while being capital efficient.","author_name":"Nick Rabin","votes":0,"created_at":"2022-11-07T20:09:51Z"}]},{"id":224511,"entity_id":"wefunder:comment:224511","question":"Is Homeshake able to become a licensed broker in all (or most all) states? How many states is Homeshake currently licensed in?","author_name":"Nicholas Kouros","votes":0,"created_at":"2022-11-02T07:46:56Z","canonical_url":"https://wefunder.com/homeshake#question-224511","answers":[{"id":224528,"entity_id":"wefunder:comment:224528","answer":"Yes, we can be a licensed broker in all states, many through reciprocal arrangements, which streamline the licensure process. We are currently licensed in Ohio, but stay on the lookout for an exciting update as we expand to a new state very soon!","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-11-02T15:32:08Z"}]},{"id":224077,"entity_id":"wefunder:comment:224077","question":"Very interested, love the idea and concept. Does Homeshake provide advice to buyers and sellers at to what price they should buy or list a home for? I would potentially find that as a conflict of interest and simultaneously could be a more swift process for both to close on the home. Any insight on that would be helpful. Does a buyer AND seller pay 1% each on the deal closing or just the seller pays 1% on selling the home?","author_name":"Michael Nadler","votes":0,"created_at":"2022-10-28T20:07:18Z","canonical_url":"https://wefunder.com/homeshake#question-224077","answers":[{"id":224296,"entity_id":"wefunder:comment:224296","answer":"Morning, Michael - thank you for your interest! Yes, we provide a comp report that both the buyer and seller have access to - everyone works off the same information. That neutral comp report is the basis of all pricing discussions. And yes, because buyers and sellers are communicating directly, those pricing discussions are smoother and faster. Only the seller pays 1% at at closing, meaning we save the seller a full 5% or $25,000 on average!","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-31T13:40:39Z"}]},{"id":224073,"entity_id":"wefunder:comment:224073","question":"love the concept i am in every aspect of real estate but an agent. as i look at your financials how is your advertising cost almost more than your payroll? what means are you using? one thing that worries me about a lot of companies is if you look at revenue projections even with decent margins, people go fantastic the cost of revenue is so high not far from the actual revenue making the net income so low. one company 13 million was revenue with 68 percent margins and still had a net income of a couple of hundred grand cause their cost of revenue was around 11 million,so high.","author_name":"John Webster","votes":0,"created_at":"2022-10-28T19:39:51Z","canonical_url":"https://wefunder.com/homeshake#question-224073","answers":[{"id":224295,"entity_id":"wefunder:comment:224295","answer":"Hi John, thanks for your question. One of the exciting things about our business model is the ability to scale the company with low payroll and low rent. We do not need an army of agents or brick-and-mortar offices. In fact, we're 10x better at 3-5 hours per customer compared to 30-100 hours for traditional real estate agents. Our gross margin % is 90%+. Therefore, advertising is a priority at this early stage to build brand awareness and market properties for sale.","author_name":"Nick Rabin","votes":0,"created_at":"2022-10-31T13:39:39Z"}]},{"id":222086,"entity_id":"wefunder:comment:222086","question":"I have read through form C but I would appreciate if you could answer the following: Will you provide a liquidity event to convert preferred shares to common? Are you offering participating liquidation preferences? Is there pro rata rights?is there anti dilution protection on these preferred stock? Can you talk about the dividends, rates and frequency?","author_name":"Aslam Amin","votes":0,"created_at":"2022-10-13T19:37:15Z","canonical_url":"https://wefunder.com/homeshake#question-222086","answers":[{"id":222927,"entity_id":"wefunder:comment:222927","answer":"Hi, Aslam! We'd love to be able to commit to the certainty and terms of future conversion and liquidity events, but the specific details of those events are speculative at this point. We intend to grow the business and raise institutional capital in Q4 2023, which will propel us towards a future liquidity event. Thank you again for your specific and thoughtful questions!","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-19T19:37:56Z"}]},{"id":222022,"entity_id":"wefunder:comment:222022","question":"Can you explain the dividends rate and frequency you expect for investors, when it will possibly start, with some examples for demonstrative purposes only","author_name":"Aslam Amin","votes":0,"created_at":"2022-10-13T09:39:51Z","canonical_url":"https://wefunder.com/homeshake#question-222022","answers":[]},{"id":221966,"entity_id":"wefunder:comment:221966","question":"Therefore the safe will be converted to preferred stock? I am not interested in preferred stock, i believe in the company therefore its the capital gains that a common stock can bring that interests me.","author_name":"Aslam Amin","votes":0,"created_at":"2022-10-12T16:52:01Z","canonical_url":"https://wefunder.com/homeshake#question-221966","answers":[{"id":222055,"entity_id":"wefunder:comment:222055","answer":"Here is a great link to an AngelList article that discusses the benefits of preferred equity in early startup investing: https://learn.angellist.com/articles/preferred-shares-vs-common-shares. The SAFE will convert into the form of preferred equity that the institutional investor receives at the next financing round.","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-13T14:54:14Z"}]},{"id":221944,"entity_id":"wefunder:comment:221944","question":"I know it is a safe but in the form C it states preferred equity?","author_name":"Aslam Amin","votes":0,"created_at":"2022-10-12T08:48:19Z","canonical_url":"https://wefunder.com/homeshake#question-221944","answers":[{"id":221960,"entity_id":"wefunder:comment:221960","answer":"You're right. That's the term used in the SAFE (and therefore the Form C) as that's the type of equity institutional investors typically receive in a financing round. At the time the SAFE converts to equity, the specific terms of the equity SAFE holders receive will be the same that institutional investors receive. You can see this detail in Section 13 of our Form C, as well as from the form of SAFE attached to the Form C in Appendix B.","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-12T14:31:14Z"}]},{"id":221889,"entity_id":"wefunder:comment:221889","question":"I believed it was common stock that was being offered but from looking at form C more closely I see its preferred stock, am I correct in this? If so I will be canceling my investment, I believed in the company and wanted common stock for the long term, I wanted the flexibility of exponential growth on the share price.","author_name":"Aslam Amin","votes":0,"created_at":"2022-10-11T20:22:25Z","canonical_url":"https://wefunder.com/homeshake#question-221889","answers":[{"id":221914,"entity_id":"wefunder:comment:221914","answer":"Aslam, the type of security being offered is a Simple Agreement for Future Equity (SAFE). Here is a Wefunder FAQ on SAFEs: https://help.wefunder.com/#/investor/contracts.","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-12T00:18:20Z"}]},{"id":221804,"entity_id":"wefunder:comment:221804","question":"Can you give investors an update on financials, new clients, developments etc","author_name":"Aslam Amin","votes":0,"created_at":"2022-10-11T12:29:39Z","canonical_url":"https://wefunder.com/homeshake#question-221804","answers":[{"id":221850,"entity_id":"wefunder:comment:221850","answer":"Yes, we will be providing routine updates as the campaign progresses!","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-11T16:03:39Z"}]},{"id":221781,"entity_id":"wefunder:comment:221781","question":"As you can see now I am an investor but I would appreciate if you could respond to my comment on Oct 6th, is there any form of protection you are looking at?","author_name":"Aslam Amin","votes":0,"created_at":"2022-10-11T09:37:08Z","canonical_url":"https://wefunder.com/homeshake#question-221781","answers":[{"id":221849,"entity_id":"wefunder:comment:221849","answer":"Thanks again for your investment, Aslam! We are in periodic contact with IP counsel to review whether additional IP protection makes sense, so IP is always on our radar...","author_name":"Jonathan Bennie","votes":0,"created_at":"2022-10-11T16:03:33Z"}]}],"faq":[{"question":"When will the current investing round end?","answer":"Hi Casey, thanks for your interest in our campaign. We do not have a definitive date yet so keep an eye on campaign progress as that will determine the end of the round."},{"question":"I have two questions, first who are your competitors, if no one right now can someone with deep pockets deliver this platform faster? Second, housing market is slowing dramatically, this is perfect timing as sellers will be trying to save more, can you provide a detailed updat...","answer":"Hi Varun, thanks for your questions. Nobody is doing what we're doing. There are barriers to entry - for example, must be a licensed real estate broker. Can't just be two guys in a garage. Few if any existing brokers want to change the status quo because of its monopoly pricing. We agree re: housing market - perfect timing. Follow this Wefunder page for updates throughout the campaign as we hire talent, expand to new markets, and more."},{"question":"I am just echoing Varuns question about competitors, there are many people who are licensed real estate brokers individuals and/or firms who could set up this app also and compete once they see the profit you are generating. The same way amazon prime streaming and other compet...","answer":"Thanks again for your question, Aslam. Answered in response to your follow up question."},{"question":"I would also like to ask what will happen if you don't raise all the funds you need from here?","answer":"Good news, Aslam - we've already hit our first goal thanks to investors like you! Thank you!"},{"question":"Should the company need more money in the future will our equity be diluted? I also would suggest the valuation cap remain 1m in relation to the financial information I have read here and in form c.","answer":"There is always the possibility of future dilution with early stage investing. Sections 22 and 23 of our Form C discuss this possibility in detail. Also, here is a great FAQ on dilution from our friends at Wefunder: https://help.wefunder.com/#/investor/risks."}]}}}