Vuode.net is an online platform that connects people with short-term housing rentals. It allows users to search listings in Helsinki and book places, and homeowners to post their properties. The site aims to save people time and money by generating leads for partner real estate and rental agencies, targeting the student and traveler market. It plans to launch a pilot in Finland in late 2011 and generate revenue through commissions paid by partners.
2. Connecting people with homes OFFICIAL PARTNERS HOME FEED Peter just booked a house in Perugia Livia just posted her place in Stockholm 1 Look for a place Helsinki 01.10.2011 01.01.2012 GO! - about sign in FAQ € eng POST YOUR PLACE SWAP PLACES
3. Great place next to Eläintarha Best location in terms of city centre Cheap place close to the universities Security level Security level Security level 590 e/month 690 e/month 390 e/month SEARCH RESULTS in HELSINKI Connecting people with homes about sign in FAQ € eng OFFICIAL PARTNERS HOME FEED
4. Cheap place close to the universities Security level I’M INTERESTED photos & location place info terms recommended me Connecting people with homes about sign in FAQ € eng OFFICIAL PARTNERS HOME FEED
7. Market Market size: 148 000 000 €/year 20% of market Turnover with 10% comission 2 960 000 €/year
8. Competition International short term budget to high-end travellers Global hotel brands Short term low budget travellers National rental marketplaces International holiday rentals National rental & real-estate sites International medium term budget travellers (students& workers) National rental agencies
To begin with I would like to share a personal story of mine that I think many of you can relate to Problem I recently spent 5 months in Mexico as an exchange student which proved to be one of the best trips of my life. But before going there I had to solve a few problems. I had to look for someone to rent out my home. But who would rent it out to? Who would be reliable? What about a home in Mexico? Where should the house be located? How much would I need to pay? At the end I found a friend to rent out my home and found a place in Mexico too, but ended up using a lot of time and money doing so. With my story I wanted to point out the problem of medium term housing, which we define as a 1-12 months period.
Solution Our solution to the problem is a web-based platform, which you can see on the screen 1st phase: Aimed to University students and organizations closely tied to them Best marketplace 1. Looking for and renting 2. Registering and renting out 3. Swapping homes between the two parties
Value We’re going to save time and money of people by bringing the supply and demand of temporary homes to one location Interactive space Link the system with Skype and facebook - To create more trust & reliability Exclusive offers through meaningful partners Flight tickets - discount on if people go through us
Business model Comission from contracts between parties Customer locking based on exclusive offers from partners Additional revenue based on lead generation
Market Three quarters of a million european university students do a student exchange each year Assumption: Average rent of 200 €/month and they would do each a student exchange of one month Market size to 148 000 000 €/year of which our market share aim is 20% With a 10% comission our estimated yearly turnover is roughly 2,96 m€
Competition Lot of actors in the market of housing in different segments At the moment disruption can be seen in the short term market competing mostly with hotels Airbnb are raising funding of 100 $ million After Wimdu – a clone raising 90 $ million We are going after a different segment and we have a different scope for renting
Team Group of students with differing skills Knowledge in business and computer science We and many of our friends have been faced with the problem which gives us the will to solve the problem
Execution Completing minimum viable product by the end of the year and piloting in Finland at the end of 2011 Partnering with student led organizations like AIESEC and ESN is going to give us access to their networks of hundreds of thousands of students
Thank you for your time! Let’s connect people with homes! ----- Meeting Notes (8/16/11 15:19) ----- Kuinka paljon yhdestä transaktiosta? Minkä kokoinen business suomessa? Paljon yliopisto-opiskelijoita (keskiasteen opiskelijoita) euroopassa (eurostat): Tertiary students 18.5 miljoonaa Eri vaiheet? Painota että on platform ----- Meeting Notes (8/17/11 12:55) ----- lot of buzz words