Hi Nick. I was an early adopter of the app, and still think it's a great idea, though the reason I never used it was due to the fact that there seemed to be very little activity within the user base. I know you're trying to get traction of course, though in the time since I fi...

Geoffrey, thanks for being an early adopter and for your question. Out of curiosity, in what area of the country are you located? Since our launch in October 2019, we've gotten around 175k downloads... around 26,000 of those are fully registered users that are either owners or potential renters. But as you already know, to be able to have legitimate inventory everywhere, we need to get the word out across the country to as many folks as possible. Consequently, 80% of the funds raised here wil...

What plans or goals are in place for the use of the capitol raised in this funding campaign?

Great question, and thanks for your inquiry. I'll be posting more detail in the coming days but in general, we plan to use at least 80% of the funds towards marketing and business development weighted mostly towards the marketing side. 12.5% towards overhead, 7.5% towards Wefunder fees.

Thanks for the response. Of those 26K fully registered members what's the breakdown of successful rental transactions & repeat transactions? I understand that you have to get the word out, however, some initial numbers would be helpful to understand the baseline of current...

No problem and thanks again for the great question... I will be sending you an email within the next 24 hours with some detail. I would post publicly but I need to get some clarification on wefunder disclosures first.

Hi, is this an offering for LLC membership units? Also, do you all expect to become profitable any time soon? Thanks

Once our form C is filed with SEC, you will have the terms of the offering... So to answer your question, this will be an opportunity for equity in the company - but until our SEC forms are accepted, this is technically a non-binding pledge to invest once that's done;

Hey there...never got that email with more detail.

Geoffrey, I apologize for the miscommunication. Can you send me an email to info@getidle.com and I'll reply with the data.... Or, if you prefer, I'd be happy to chat via phone if you'd like to schedule a few minutes with me this week.

Idle

Idle is a peer to peer smartphone app that enables users to rent and rent out Idle goods

Pitch Video

Investor Panel

getidle.com

Marietta, GA

Technology Marketplace Mobile Apps

Investor Panel

Fares interviewed Idle on May 25, 2021. Play Video

Fares Ksebati

CEO of MySwimPro

Strengths

says, "I like the business model, as it has been proven to work with popular brands like Turo. Positive team, looking to make a dent in a market that's ripe for innovation."

Advice

says, "I'd like to see how ad dollars get a positive ROI. If the team can find a scalable distribution channel to grow, there's a lot of potential. Best of luck!"

What Investors Say

LEAD INVESTOR

Invested $5,000 this round

I’m a former researcher and professor of network economics, and I love to invest in businesses where the founder attacks the market with a network-economics mindset. For markets like this, it's a battle to win the market. I am convinced that founder has the plan, and especially the grit to take Idle all the way. The “rent anything” category is still up for grabs, and so far, Idle is already defining the category. Excited to see capital raises like this on Wefunder — where investors can also become users. Join me in this adventure!

What People Say

Idle

Quick facts

Team profiles

Featured investor profiles

$52,628

Investor Panel

What Investors Say