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A comment on Show HN: Nomad, a no fee Airbnb competitor. Any investors here?. Parent comment

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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