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Our mission is to make housing easy for every student. Housing is one of the most fundamental pieces in the human existence. College is arguably one of the greatest times a person will ever have. So how can something so fundamental, inside of something so enoyable, be so terrible? We've asked ourselves this many times. But even more, we've been able to talk with college students and graduates just like us. They say the same. "Where were you while I was in college?" is becoming way to familiar. The state of college housing is a mess. It was concevied in a past era and the tools available are from companies not even focused on college students. College housing has its own set of unique challenges. People move seasonally, people graduate, they study abroad, they trash the place, you name it. A unique experience calls for a unique company with a unique view close to the action. Domi is that company. Our mission and the reason we wake up everyday to work is that ultimate goal of making housing easy for every student. We hope you join us on this adventure and we hope you are better as a result of spending time with us.
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Summary
A couple words: Easiest way to find/sublet an apartment around campusMission: Make housing easy for every studentGrowth: Over 300 beta usersStage: Working prototypeInitial focus: Drexel then Penn
Team
Erik Eliason * Matt Ellsworth * Ian Logan * Mike AdelekeCEO, Storefront VP of Growth, Storefront ENG Manager, Airbnb Founder at Domi
More on Mike:- Thinkful Graduate (2 courses) - Bloc.io Diversity Scholar, Android Apprentice- Co-organizer with Penn TEC - Incoming class of Wasabi Ventures Academy* Advisor
Problem
Problem
Problem
Problem
Technology
Rails app with more Front-end magic coming soonSoon to be mobile (Android apprentice)Initially, very similar to other products but the differentiation grows as new features are added Hackathon tour looking for a co-founder
Growth
Customers: College students, landlordsMarket Size: 13.8 million students attending 4-year colleges every yearChannels: Craigslist, Postlets, On-campus outreach, address books, Facebook connectSo Far: Over 300 students in two month push (stopped to work on product and finish courses)
Business model
● 2-5% fee for handling monthly payments● 5% closing fee for landlords on the system● $30/month subscription for students
including access to Domi Docs, Domi Common App, and potentially renter’s insurance
● $25 for on-site mobile closings
Competition
Our focus is on college students and speed.
Now Eventually
Do you use them?
Milestones
So Far:● Over 300 beta
users● Working prototype● Extreme user
interest
Penn Apps● Fully functional site● Begin Android beta● Reviews, payments
landlords● 40% of Drexel, 100
conversions, Penn launch
Vision
