Accept.inc (formerly BoardRE) YC Application

Winter 2019Acquired

Accept.inc (formerly BoardRE) went through Y Combinator in the Winter 2019 batch as a Fintech company. Below: what the company does, who founded it, and its application to YC, reconstructed question by question in the real YC form.

YC batch: Winter 2019
Industry: FintechCredit and Lending
Team size: 80
Status: Acquired
Launched: 2021

Founders

Thom AdamsFounder
Nick FriedmanFounder
Adam PollackFounder

What Accept.inc (formerly BoardRE) does

In a transaction powered by Board, sellers and agents are doing business with Board -- not the buyer. We act as an intermediary buyer of a home, using our cash to buy homes for the 80% of homebuyers who need and qualify for a mortgage. By removing the lender from real estate transactions, sellers and agents to close in as little as 2-3 days and buyers can lock-in their homes of choice at the best possible price before closing on their mortgage. With Board, buyers can "Buy Now. Mortgage Later" so everyone can have a cash deal. We differentiate ourselves from others in the "iBuyer" market by allowing anyone to have an all cash deal as opposed to buying, fixing and flipping properties for ourselves (e.g. Opendoor, OfferPad...etc). Board works directly with national lenders to evaluate the creditworthiness of buyers upfront and will use a short term credit facility to facilitate the purchasing of homes.

Accept.inc (formerly BoardRE)'s YC application, reconstructed

Y Combinator application

Accept.inc (formerly BoardRE), Winter 2019 batch. The real form questions, answered from public data.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Accept.inc (formerly BoardRE)

Describe what your company does in 50 characters or less.

BoardRE upgrades mortgage offers into all-cash deals

What is your company going to make? Please describe your product and what it does or will do.

We built a platform that buys homes in cash on behalf of buyers who still need a mortgage. The seller and agent transact with us, the buyer locks in their home at the best price, and closes fast while we arrange mortgage financing later. This removes lenders from the equation upfront and lets buyers buy now and mortgage later.

Where do you live now, and where would the company be based after YC?

We live and work in Denver, Colorado, and the company is based here.

Explain your decision regarding location.

Denver has a growing tech and real estate market that suits our fintech and real estate focus. It's where we live and work, so building the company here is natural and cost-effective.

21 more answers in the full application

Founders, Progress, Idea, Equity, Curious, Batch Preference are in the full version. Create a free account to open it in YC Insights, next to every other YC batch.

See full application

Frequently Asked Questions

Is this the real Accept.inc (formerly BoardRE) YC application?

No. Y Combinator keeps submitted applications private. This is a reconstruction: the real YC form questions, answered from Accept.inc (formerly BoardRE)'s public data (launch notes, founder backgrounds, product description). It shows how a company like Accept.inc (formerly BoardRE) would present itself to YC, not the text they submitted.

What YC batch was Accept.inc (formerly BoardRE) in?

Accept.inc (formerly BoardRE) was part of the Y Combinator Winter 2019 batch.

Who founded Accept.inc (formerly BoardRE)?

Accept.inc (formerly BoardRE) was founded by Thom Adams, Nick Friedman, Adam Pollack.

What does Accept.inc (formerly BoardRE) do?

BoardRE is a new type of mortgage company that upgrades any offer…

How do I read the full reconstructed application?

Create a free Round Funded account. The full 26-answer version of Accept.inc (formerly BoardRE)'s application, and every other YC batch, is in YC Insights.