Company Profile (AI Text)
Name: reSpace
Canonical URL: https://wefunder.com/respace
Updated at: 2026-06-16T05:03:11Z

Tagline: Live Large | Pay Small - -Affordable Luxury Housing through Co-Homeownership

Key claims:
- Total raised on Wefunder: 97510 | citation: https://wefunder.com/respace#claim-total-raised
- Total investors: 46 | citation: https://wefunder.com/respace#claim-total-investors

Verified facts:
- Total raised on Wefunder: 97510 | observed_at: 2026-06-16T05:03:11Z | expires_at: 2026-06-17T05:03:11Z
- Total investors: 46 | observed_at: 2026-06-16T05:03:11Z | expires_at: 2026-06-17T05:03:11Z

Computed metrics:
- total_amount_raised: 97510
- total_investors: 46
- team_size: 10
- featured_investor_count: 2
- faq_count: 1
- recent_post_count: 0

Quick facts:
- Millennials are the largest US adult population yet own just 17% of the residential real estate. | citation: https://wefunder.com/respace#claim-fact-1
- 84% would consider co-buying if provided the right help. | citation: https://wefunder.com/respace#claim-fact-2
- In 450 cities in the US, the median price of a single-family homes is more than $1M. | citation: https://wefunder.com/respace#claim-fact-3
- A Seattle test market of two available units drew more than 100 interested buyers and brokers. | citation: https://wefunder.com/respace#claim-fact-4
- Unsolicited, Seattle's NBC local news ran the test as their lead story for a full 24-hour cycle. | citation: https://wefunder.com/respace#claim-fact-5
- reSpace founders have over 40 years experience in residential home development and management... | citation: https://wefunder.com/respace#claim-fact-6
- ... and three successful exits to AOL, Qualcomm and Nuance Comm in the tech sector. | citation: https://wefunder.com/respace#claim-fact-7
- Advisors include Keith Bruce (WA Real Estate Commissioner), Dave Berkus, and Richard Sudek. | citation: https://wefunder.com/respace#claim-fact-8

FAQ:
- Q: Hi there, a) What is your most recent monthly burn rate? b) What is your most recent monthly cash on hand? c) Are you raising a parallel angel or VC round simultaneously? If yes, who is investing in this round?
  A: Hi Teddy, Thanks for your questions. a) Our current burn rate is between $25K and $35K depending on which contract professionals we're engaging in any particular month for marketing and legal services. Expect that to increase toward the end of the year as we begin scaling into more properties. b) Cash on hand in round numbers is $29,000. We're less than $10,000 from threshold for WeFunder to release funds and have commitments from friends and family for significantly more than that amount. It...