SaaS 🏴☠️ | Property Management Fanatic 💙 | I write a bi-weekly newsletter to 4k PMs talking people, process and profit.
How RentVine Raised $74M to End Protectionism in the PAS Market
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The PAS (Property Accounting Software) market is at an inflection point. A small number of companies control the majority of the market. This control is used to exert leverage. Examples:
What is the net effect of all of this? Customers have fewer choices, and innovation stagnates. This is objectively bad for consumers. Will RentVine change this industry paradigm? I can't say. But here's what I do know. RentVine's API access is unparalleled in the industry. It's completely open. The fee they charge customers and vendors for access to this API... $0.00. Free ninety nine. This alone makes them relevant. And you know what also doesn't hurt? $74M in fresh funding. If you want the full scoop on why they chose to raise now and the story of how they got the deal done with Mainsail check out this weeks podcast. - JAAM P.S. - Last week I recorded 10 new episodes for PPM. Felt good. Stay tuned. P.P.S. - Justice Department Sues RealPage for Algorithmic Pricing > Yikes. P.P.P.S. - Reece Duca: The Manager Who Outperformed Buffett > 👀 his trades. P.P.P.P.S. - Reddit list, "Greatest science fiction of all time" > Anyone else into scifi? P.P.P.P.S.S. - "I was a 20-something dethroned dotcom ceo that went to work the counter at mcdonald's" > I love weird reads like this. P.P.P.P.S.S.S. - This biz breakdown from Peter Lohmann was 💯 --- Know someone that would enjoy the newsletter? They can subscribe here. |
Jordan Muela
SaaS 🏴☠️ | Property Management Fanatic 💙 | I write a bi-weekly newsletter to 4k PMs talking people, process and profit.
How big is the self-managing segment of the SFR market? What would it take for them to hire a property manager? What are their key challenges and biggest fears? I want answers. TLDR: I'm gearing up for a large scale survey of landlords with the perfect partner in crime > Peter Lohmann. I'll have more details to share in the future but for now I have one very important question for you - if you could ask a large population of landlords one question what would it be? Your feedback here means a...
There was a moment where our industry was star struck by the outside capital pouring in to fund VC-Backed property management companies. Now those companies are going under one by one. Yesterday the most well funded player in the category announced it was acquired by RoofStock. Mynd raised over $200M at close to a billion dollar valuation. Their thesis was pure play tech augmented by people: Mynd’s tech product is complemented by “boots on the ground” people in local markets, improving the...
After 7 years I've exited ProfitCoach. Watch the full story. Why did I exit? One word: Focus. Long term concentrated focus on a singular goal at the exclusion of all else. In practice this looks like saying no to fantastic opportunities I both believe in AND want to do. If it's not excruciating to say no to - you're not really focused. "The difference between successful people and really successful people is that really successful people say no to almost everything." – Warren Buffett. Not...