Candidature YC de Lofty

Summer 2019Active

Lofty a été sélectionné par Y Combinator dans le cadre du batch Summer 2019 en tant qu'entreprise Fintech. Ci-dessous : ce que fait l'entreprise, qui l'a fondée, et sa candidature à YC, reconstruite question par question dans le vrai formulaire YC.

Batch YC: Summer 2019
Secteur d'activité: Fintech
Taille de l'équipe: 7
Statut: Active
Lancé: 2019

Fondateurs

Max BallFounder
Jerry ChuFounder

Ce que fait Lofty

Lofty is a marketplace that let's anyone sell a house to investors online. Instead of the typical real estate transaction where one seller sells to one buyer, Lofty is much more flexible. Sellers fractionalize their equity ownership in the property into smaller units, so that anyone can buy a portion for as little as $50, allowing access to one of the best asset classes for people who have previously been locked out. Sellers can also sell a portion of their equity (starting at just 10%) instead of the entire property or create customized HELOC structures. Investors can browse a variety of individual real estate properties ranging from commercial strip malls, a HELOC in someone's house, Airbnbs, to a single-family rental properties, and directly purchase ownership in these properties in under 5 minutes. There is no lockup period. Users can constantly trade these ownerships with others on the marketplace. Investors truly legally own the properties they invested in and co-manage it with other investors through an online governance program. Owners have so far voted on how to handle various repairs, delinquent tenants, the sale of the underlying property, and much more. Lofty never custodies or handles user funds or assets. Through smart-contracts on the blockchain, all transactions are directly peer-to-peer. If we succeed, we'll have built the NASDAQ for real estate and transformed how real estate is bought and sold in the USA.

Candidature YC de Lofty, reconstruite

Candidature Y Combinator

Lofty, promotion Summer 2019. Les vraies questions de candidature, répondues à partir de données publiques.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

Lofty

Describe what your company does in 50 characters or less.

Building the NASDAQ for Real Estate

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

We built a marketplace where anyone can sell fractional ownership in real estate directly to investors online. Sellers break equity into units as small as $50, letting more people invest in properties like rentals, strip malls, or HELOCs. Buyers co-own legally and can trade their stakes anytime on-chain without lockups.

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

We live in Los Angeles and Miami; the company remains remote with founding and key engineers spread across these locations.

Explain your decision regarding location.

We split our bases between LA and Miami to remain close to key real estate markets while fully embracing a remote team. This lets us balance real estate expertise with engineering talent in flexible locations.

21 réponses supplémentaires dans la candidature complète

se trouvent dans la version complète. Créez un compte gratuit pour l'ouvrir dans YC Insights, à côté de tous les autres batches YC.

Voir la candidature complète

Questions fréquemment posées

Est-ce la vraie candidature YC de Lofty ?

Non. Y Combinator garde les candidatures soumises privées. Ceci est une reconstruction : les vraies questions du formulaire YC, répondues à partir des données publiques de Lofty (notes de lancement, parcours des fondateurs, description du produit). Cela montre comment une entreprise comme Lofty se présenterait à YC, pas le texte qu'ils ont soumis.

À quel batch YC Lofty appartenait-il ?

Lofty faisait partie du batch Summer 2019 de Y Combinator.

Qui a fondé Lofty ?

Lofty a été fondé par Max Ball, Jerry Chu.

Que fait Lofty ?

Building the NASDAQ for Real Estate.

Comment lire la candidature complète reconstruite ?

Créez un compte Round Funded gratuit. La version complète de la candidature de Lofty en 26 réponses, et de chaque autre promotion YC, se trouve dans YC Insights.