What Angels Want
At Venture Summit West this morning, Tim Draper announced he wants to pour money into enterprise startups, and Ron Conway let out that the falling cost of st…
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Pune Tech Angels Pitch by Freeman Murray
The Pune Tech Angels is a group of angel investors in Pune who will start investing in early stage startups. PuneTech talks to Freeman Murray to find out mor…
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Seattle Start-up, Porch, Announces Giant $6.25MM Seed Round from Top Angels to Back the Internets Next Billion-Dollar Frontier — Get Early Access Today.
Seattle, WA (PRWEB) June 05, 2013
Porch, a home improvement and repair marketplace, today announces a large seed round, its investors, and plans to launch its product nationwide free for homeowners. Early access is available upon request at http://www.porch.com Porch has its corporate headquarters in Seattle, Washington.
Typical seed rounds are less than $ 1.5 million . Pre-launch, Porch has raised a large $ 6.25 million seed round from experts and angel investors in the technology, social, marketplace, and home sectors. The round includes notable contributions from SV Angel/Ron Conway, Chamath Palihapitiya, Javier Olivan, Jeff Skoll, Bill Lee, Geoff Entress, Charles Moldow, and 20 others.
Porch is addressing the massive and favorable home improvement, maintenance, and repair market. Every year, residential construction and home improvement spend totals over $ 500 billion. Porch’s total addressable market is greater than $ 20 billion with the home services industry forecasted to grow at 3.5% annually and the housing market forecasted to increase in sales by 29% . Porch is positioning itself to be the trusted home improvement technology leader through data transparency and a beautiful social product vision.
Porch’s mission is to change the world one home at a time by making home improvement easy for homeowners. The marketplace allows homeowners to get inspired by viewing neighbors’ home projects, get educated by seeing their actual project costs, and decide on the right professional by reviewing friend endorsements. This helps homeowners make an easy and informed decision when it comes to improving their home and selecting the right home professionals.
Today, Porch accomplishes this by organizing and connecting exclusive insights from over 1.4 million professionals and 60 million projects. Every day, Porch continues to aggregate more data about homes to build the connections and acumens that fuel its data transparency and social approach. By understanding work history and which professionals’ friends and neighbors endorse, Porch is able to provide homeowners with free, personalized, and vetted word of mouth recommendations to make home improvement easy.
Porch is still pre-launch and will become nationally available later this year. Today, Porch has early, private access available to select individuals that sign up at http://www.porch.com. Consumer features and functionality will be disclosed in full closer to launch. Porch is and always will be free for homeowners.
Porch was created by successful data, marketplace, and consumer acquisition entrepreneurs from Google, Microsoft Corp, Expedia, Active Network, and Apollo Group. The company has 20 employees and is led by seasoned internet and technology executive, Matt Ehrlichman. Matt is the co-founder and CEO of Porch. Prior, Matt was on the executive team at Active where as Chief Strategy Officer, he helped grow the company’s revenues from $ 65 million in 2006 to $ 420 million in 2012, and a 2011 initial public offering. Before joining Active Matt was co-founder and CEO at Thriva, which was acquired by Active in March 2007 for more than $ 60 million.
“Until now, finding the right professional at a fair price has been comically painful – whether that be for a simple handyman project or a large kitchen remodel,” said Matt Ehrlichman, Porch CEO and co-founder. “In addition to being the largest investment in one’s life, the home is where we create life’s great moments. And while it should be easy, there is no free, simple, and personalized solution that provides the trusted information and tools necessary to make home improvement and repair easy.” Ehrlichman and his co-founders aim to solve a national, universal problem experienced at a local level by 120 million households. According to a 2012 Porch survey, 98% of homeowners experience pain when finding a professional and knowing the price for their home needs.
For more information, to browse nearby projects, or to find professionals your friends and neighbors love, sign up for early access at http://www.porch.com or visit the Porch blog.
About Porch
Coming soon, Porch is the only consumer and social Internet marketplace that connects homeowners with the right home service professionals based on who neighbors have used, project and cost history, and vetted friend endorsements. This helps homeowners make an easy and informed decision when it comes to improving their home and selecting the right home professionals across 250 categories. There is no company currently offering or delivering the level of data transparency and social information that Porch provides to homeowners. Porch is revolutionizing the home improvement industry with a simple, social, and relevant marketplace.
Source: Porch.com Inc.
Contact: Asha Sharma of Porch.com Inc., +1-262-497-2398, press(at)porch(dot)com
Website: http://www.porch.com
Blog: http://blog.porch.com
Press Assets: about.porch.com/press
The Rise of the Angels by Naval Ravikant – Capital Factory Demo Day 2010
Angels, super-angels, micro-cap VCs, and seed incubators are beginning to dominate early-stage consumer web investing. This is a permanent change because the…
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This interview is with Niki Scevak, entrepreneur and angel investor. Niki is the founder of Startmate and Homethinking.com Startmate is a new mentor driven A…
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i2 Business Angels
i2 Business Angels.
ESADE – Startup Spain. Venture capital & Bussines angels
Segunda sesión de Startup Spain, evento organizado por ESADE, con temáticas referentes a nuevos emprendedores.
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How the World is Investing in Startups: Crowd, Angels, Venture firms | Webinar
Summary of Topics to be covered: Startup Entrepreneurs: Find, Meet and Engage New Capital Crowd Investors: The Rise of Global Fund Raisers Angel Investors: L…
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Faire émerger des start-up et jeunes entreprises innovantes et les accompagner dans leur développement, voici le concept du réseau de Femmes Business Angels,…
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CPCO6 – Más allá de la triple "F": Business Angels & Venture Capital
Over the last 20 years game developers and venture capitalists have had an uneasy relationship. VCs often want to invest in technology, not in one off produc…
10 commandments: how to choose and work with great angels and investors
Public program for internet sites, CambridgeElevator.com recognized Specialised Entrepreneurs Many several weeks a opportunity to see business angel and entrepreneur, Sherry Coutu produce 10 recommendations on how to select and do with amazing angels and investors.
The products of wiseness were:
1 Choose angels/mentors who have an amazing program of relationships in your industry.
2 Select an individual rather than a ‘firm’. Personal track-record and value-add are significant.
3 Select an angel/investor after mentioning with their other investee organizations first (thefunded.com).
4 Select an angel customer who has gone down the route you need to go down (raising money/floating).
5 Select an angel customer instructor who has run a organization to seat your position.
7 Choose to pay attention to your client and make sure they adequate available for you.
8 Choose to convey with your investor(s). Awesome what you will see out!
9 Know that amazing angels and investors help you with three styles of things: features, customers and strategy.
10 Do not try to provide the process to someone else!
Emphasising the need for amazing backers, Coutu said LinkedIn had recognized that it wouldn’t be such a success without the amazing of the traders it had drawn.
Coutu also influenced the value of considering scale-up very much from the ‘off.’ If you think your start-up has the prospective to scale-up, then discover out out out out out out out a instructor with encounter of scaling-up organizations, she suggested – and don’t prevent yourself geographically: if you can’t look for the right instructor in the UK, look further afield.
Getting angels or VC backers with significantly locations was essential, she said.
Create sure that traders aren’t about to run out of cash because if they are never get follow-on designs you’re attached. The outside team will not see it as the investor’s mistake – they will think your enterprise enterprise is a dud.
Great traders would help online organizations appeal to functions, get clients and help with use of key connections and details, she emphasised.
But she influenced the need to “close the cope. Don’t depend on a handshake. A cope with an customer will need to be formalised.”
CambridgeElevator.com is a social network for startups connecting budding entrepreneurs with mentors, investors and advisers with the experience to help them grow. CambridgeElevator.com offers free membership registration.
Survey: 1 in 2 Angel Investors Regrets an Investment Made This Year.