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Vacayo isn't accepting new investments

Vacayo’s deadline was April 30, 2018

Follow the company to stay updated on their progress, including future investment opportunities


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Campaign ended
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Vacayo

A landlord's favorite tenant
Property Sharing & Rentals Women Founders Immigrant Founders Black Founders B2B Marketplace Real Estate Tech
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Featured image of Vacayo
$212,500
Raised
445
Investors
Successfully funded and closed on April 30, 2018.
Invest in Vacayo

Open for investment

Investors in Vacayo also invested in these companies. View more
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Co-investors
500 Startups
Accelerator, San Francisco
500 Startups is an early-stage venture fund and seed accelerator that has backed over 2,400+ companies, including Twilio, Udemy, Canva, Credit Karma, Eaze, Grab, Behance and many others.
500 Startups also invested in:
Companies
Pitch Updates 16 Reviews 171
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Closed on April 30, 2018. Information may not be up-to-date. Campaign closed on April 30, 2018. Information displayed may not be up-to-date.

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Vacayo, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Vacayo Crowd SAFE Vacayo Form C.pdf
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Hear from some of the 445 investors in Vacayo


Show more

Deal highlights

  • Vacayo will lease and furnish your vacant rental property in under 72 hours
  • Innovative and highly scalable model guarantees landlords higher income
  • Landlords get an “Instant Rental Offer” using our online proprietary quoting tool
  • Revenue of $1.3M, 20% MOM growth, proven unit economics
  • Raised $800k in 2017
  • Alumni of and backed by 500 Startups
  • A growing backlog of landlords waiting to onboard just by word of mouth
  • Fastest-growing sector in travel expected to reach 190 Billion by 2019

Airbnb has ignited a fast-growing interest in the short-term rental market. But most landlords still rent the “traditional” way or let their properties sit empty. Many pay high broker fees to secure a tenant, but still face vacancy risks because brokers only find tenants for a fee - they don’t guarantee their work. When landlords do find tenants, they’re burdened with managing every issue that arises during their tenancy - background checks, move-in/out, collecting rents, etc. The whole process is clunky, costly and time-consuming.


We’ve built a tech-powered solution for landlords that gives them true passive income.  Unlike traditional property managers, Vacayo is fee-less! We rely on an arbitrage model, using our machine-learning algorithm to assess the earning potential of a home in real time. Landlords no longer have to choose between capitalizing on their investment and spending time with family!



To scale inventory while maintaining a quality guest experience, we use Property Managers vetted through Airbnb’s Superhost network. Our property managers are local hospitality experts with the highest ratings on Airbnb. They function as independent contractors and have become our company’s biggest evangelists.


Happy clients



Testimonials

What superhosts are saying


Investors & Partners 


Market Overview and Competitors

Investment Opportunity

  • Raised $800K in 2017 from several VC and Angel sources

  • Plan to raise $1.5M with a valuation cap of $10M get to institutional Series A round in June 2019


Awards and Recognition

Use of funds






Meet the founders

Thank you for checking out our campaign. We started Vacayo as a “side hustle” to help us pursue career goals. Truth, my then-roommate in New York City, had founded a health-tech startup that needed funding. His plan was to move to Florida and buy an investment property, but when he shared this news my reaction was “Not so fast.” I feared losing a roommate and figured there must be an alternative.

The two of us brainstormed until we hit upon an idea: What if, instead of buying a property, we just “Airbnb’d” our spare bedroom? This marked the unofficial launch of Vacayo. Our first listing booked out solid and we began leasing more places as landlord interest poured in. We didn’t know it at the time, but we’d pioneered a completely new business model—short term rental management that included furnishing and fixed income.   

Since then, we’ve spoken to hundreds of landlords and discovered that a combination of fixable factors—including fear of unstable income—prevent them from renting short-term. A landlord’s worst nightmare is furnishing a home and then failing to attract guests! By bridging that gap and using the latest technology to add efficiency, Vacayo provides an invaluable service.

We are passionate about our ability to transform underperforming rentals homes into generous passive income streams for our clients. For Superhosts, they can use their passion to build flexible and fulfilling careers. On the traveler’s side, we offer functional and affordable group accommodations. Watching all the people we touch through Vacayo motivates us to push forward.

JOIN US in our mission to help people earn financial freedom through real estate. It’s the American Dream 2.0. With your support, we can help make it a reality for families across the world!


Sincerely,

Deal terms


Valuation cap

$10,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Vacayo occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Vacayo is accepting.
Learn more

Maximum investment

$1,070,000

The largest investment amount that Vacayo is accepting.
Learn more

Funding goal

$1.07M

Vacayo must achieve its minimum goal of $50K before the deadline. The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Vacayo needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Vacayo, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Vacayo Crowd SAFE Vacayo Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Vacayo.
Invest
$100
Receive
  • Vacayo swag bag with a laptop sticker, hat, notebook and t-shirt. A personal thank you from the Founders, and a shout-out on social media. Your name on our website "investors" page (with your consent).
Invest
$500
Receive
  • All of the above, plus 15% discount off your stay at any Vacayo property.
Invest
$1,000
Receive
  • 30% off one stay plus Complimentary 2 - night weekday stay ($950 Value)
Invest
$2,200
Receive
  • 5% lifetime discount. Complimentary 2 night/weekend stay ($7800 Value)
Invest
$5,000
Receive
  • 5% lifetime discount. Complementary 3-night weekend stay at any Vacayo property plus swag bag. Invitation to design a vacayo home that will be named after someone of your choosing.
Invest
$10,000
Receive
  • 15% lifetime discount. Complimentary 5 night stay ($22,875 Value)
Invest
$25,000
Receive
  • 15% lifetime discount. Complimentary 5 night stay + Dinner w/ Vacayo ($31,500 Value)
Invest
$50,000
Receive
  • Advisory Board + Fun Day with team + Annual Investor Retreat + Chartered flights + All Perks (Priceless)

Why others invested

See all reviews (0) See all (0)

I think real estate will be one of the next big areas in startups.

Profile picture of Robert W Neill Jr
Robert W Neill Jr
Active investor
about 7 years ago

The company's traction is undeniable and I love their concept, hustle. I've been tracking their raise and I think it speaks to their perseverance and drive. I have VERY high hopes for this investment.

Profile picture of Oluso Boyo
Oluso Boyo
Investor
about 7 years ago

I invested because I believe in Truth and Isabel and because I'm a landlord that would love them to come to Canada and offer Vacayo here as well.

Profile picture of Jacob Jackson
Jacob Jackson
Active investor
about 7 years ago

About Vacayo

Legal Name
Vacayo, Inc.
Founded
Mar 2017
Form
Delaware Corporation
Employees
6
Website
vacayo.com
Social Media
Headquarters
Google Map location of of Vacayo
175 Varick Street , New York City, NY
Headquarters
175 Varick Street, New York City, NY, United States 10014

Vacayo Team
Everyone helping build Vacayo, not limited to employees

Profile picture of Truth Oladapo
Truth Oladapo
Founder and CEO
A serial entrepreneur, Truth founded “Thump,” a health tech company. Prior to that, he worked at Deutsche Bank in collateral management. He earned a BA in Econ/Physics from Jacksonville U and a Masters in Engineering from Columbia U.
Profile picture of Isabel  Berney
Isabel Berney
Founder and COO
Prior to Vacayo, Isabel spent 2 years at Genpact, a financial consulting firm. In addition to helping co-found startup "Thump," she worked in marketing for Omnicom Media. Isabel graduated from Boston University’s College of Communication in 2009.
Profile picture of Emil  Diaz
Emil Diaz
Lead Engineer
Columbia U Engineering Alum; Former CTO at Chicory, Worked for Deutsche Bank
Profile picture of Chris  Strachan
Chris Strachan
Growth Advisor
Founding Principal at SVGA; Founder of @Bulldog; Angel Investor, Mentor and Advisor.
Profile picture of Jack Keigwin
Jack Keigwin
Advisor
CEO of ‎Sound Point Asset Management Inc, serves on the Executive Advisory Board of Jacksonville University.
Profile picture of Kirby  Winfield
Kirby Winfield
Advisor and Investor
Founder of Dwellable and AdXpose, angel investor. After two successful exits, Kirby become an operating executive at back-to-back tech IPOs, with Go2Net (GNET) and Marchex (MCHX).
Profile picture of Garrett Koehn
Garrett Koehn
Advisor and Investor
President of Northwestern US at CRC Insurance Group, Managing Partner at The Batchery, and angel investor.
Profile picture of Vladimir Kuperman
Vladimir Kuperman
Lead Designer
Vladimir Kuperman is a founder, CEO and Creative Director of Limus Design, Inc. - a creative design and development agency specializing in engaging interactive web and mobile solutions.
Profile picture of Phil  Dillard
Phil Dillard
Strategic Advisor
Founding Partner at VETCON | Founder & CEO of Black Ant Consulting
Profile picture of Catherine Concepcion
Catherine Concepcion
Operations Manager
Oversees new move-ins and the management of Superhosts in all our cities.
Profile picture of Lee Cruz
Lee Cruz
Customer Experience
Seasoned customer service professional. Ensures every guest has a smooth, unforgettable experience.
Profile picture of Jan Raya
Jan Raya
Listing Specialist
Ensures the quality and accuracy of every Vacayo listing across all platforms.
Profile picture of Brandon  Kamin
Brandon Kamin
Video Production
Head of Bear Bear Productions
Profile picture of Michele Sconiers
Michele Sconiers
Marketing
Repeat Founder @Stellup, @SunriseSiliconValley; Attorney, Princeton Alum
11 more team members
Truth Oladapo
Founder and CEO
Isabel Berney
Founder and COO
Emil Diaz
Lead Engineer
Chris Strachan
Growth Advisor
Jack Keigwin
Advisor
Kirby Winfield
Advisor and Investor
Garrett Koehn
Advisor and Investor
Vladimir Kuperman
Lead Designer
Phil Dillard
Strategic Advisor
Catherine Concepcion
Operations Manager
Lee Cruz
Customer Experience
Jan Raya
Listing Specialist
Brandon Kamin
Video Production
Michele Sconiers
Marketing

Press

Meet the 21st batch of 500 Startups companies
TechCrunch TechCrunch
·
Dec 1, 2017

500 Startups' next batch of accelerator companies is launching now that its previous demo day has wrapped up, this time s...

Startup Buzz: Innovation Is Now One Quarter of San Diego'...
Hatch Hatch
·
Aug 8, 2017

CONNECT released its 2016 San Diego Innovation Report and it shows continued growth in companies, funding, and jobs. In 2...

Our favorite startups from 500 Startups' 21st class
TechCrunch TechCrunch
·
Aug 1, 2017

Another season, another group of startups presenting as part of 500 Startups' 21st demo day. This time around, 29 compani...

2017-18 Columbia Startup Lab Teams
Columbia College Alumni Association Columbia College Alumni Association
·
Jun 9, 2017

Mode Maison, founded by Wells Childress CC'14, strives be the go-to source for luxury home furnishings through a web plat...

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Vacayo

Vacayo successfully raised $212,500 from 445 investors on April 30, 2018
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Stephen, Tim, Krista, Khuzema A, Octavian, and 440 others invested. 171 Reviews
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