Show HN: Nomad, a no fee Airbnb competitor. Any investors here?

Re:Show HN: Nomad, a no fee Airbnb competitor. Any investors... by O__________O on Monday October 10, 2022 @09:40AM (#33151262)

Have you spoken to any AirBNB hosts that your $2500 month fee would be less than would they currently pay AirBNB, and if so, what did they say? How do you plan to deal with hosts that are unable to justify $2500 monthly subscription cost?

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Re:Show HN: Nomad, a no fee Airbnb competitor. Any investors... by nomadpass on Monday October 10, 2022 @09:45AM (#33151333)

No it is not 2,500 subscription. It is based on an average rent, Nomad Pass is essentially a way for Nomads to pay their rent, through the app without fees, without legal contracts or credit checks.

Some people (like myself) can afford a 2,500 rent but can't seem to be approved for a 2,500 mortgage, due to credit and this "Feature" of Nomad Pass is for people in my shoes.

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Re:Show HN: Nomad, a no fee Airbnb competitor. Any investors... by shagie on Monday October 10, 2022 @10:02AM (#33151535)

> ... Nomad Pass is essentially a way for Nomads to pay their rent, through the app without fees, without legal contracts or credit checks

I would go that very carefully with a lawyer. The contracts and credit checks are a way for the landlord to mitigate risks. You need to identify where the risks are and who is assuming those risks if you not doing contracts or credit checks.

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Re:Show HN: Nomad, a no fee Airbnb competitor. Any investors... by O__________O on Monday October 10, 2022 @10:19AM (#33151747)

So you’re planning to cover expenses with investor funds — then switch on fees at series C after having built up user base that assumes the service is no fees?

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Re:Show HN: Nomad, a no fee Airbnb competitor. Any investors... by nomadpass on Monday October 10, 2022 @12:13PM (#33153203)

Yes! That is what Airbnb did, they were not (or still aren't) profitable, yet took on 6.4 billion dollars in funding.

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Re:Show HN: Nomad, a no fee Airbnb competitor. Any investors... by postingawayonhn on Monday October 10, 2022 @10:02AM (#33151534)

That's not really Nomad revenue though if it's all going to hosts. What are you taking in as the platform?

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Re:Show HN: Nomad, a no fee Airbnb competitor. Any investors... by nomadpass on Monday October 10, 2022 @12:13PM (#33153207)

For now, I don't think monetization is the focus during preseed/seed stage

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