> No investor would give you tens of millions and expect you to sit on it eating ramen increasing your runway to 4 decades. The idea is to use the damn cash to grow faster.
So its just about getting a stake? Currently, Housing.com won't survive a day if VCs pulled the plug. If the stake becomes worthless, what is the point of investing?
>16 projects does not sound very high given over 2000 employees.
Most of their employees are photographers and not engineers. The problem is not on working on so many things but working at them all at once, with no focus at all which seem pointless since they don't really have a gold-laying hen working for them, yet. Making a loss ~50 Cr is not cool [1].
> Property listing startup with no business model? Are you kidding me?
The business model on which sites like Sulekha and CommonFloor operate is to urge the user to give out his contact details which they can sell to their clients. Essentially, spamming and even that is incredible low-margin model. Would Housing.com go that way?
On your earlier point about the domain name, if you had the money and had an option to buy your brandname.com (especially "housing" for the business they are in), $1 million is a good investment.
There are a whole lot of things they can start monetizing. Sure, I am not going to buy an apartment based on slice view, but based on my experience with Housing as regards getting tenants and prospective buyers, I would gladly pay them for the service :)
So its just about getting a stake? Currently, Housing.com won't survive a day if VCs pulled the plug. If the stake becomes worthless, what is the point of investing?
>16 projects does not sound very high given over 2000 employees.
Most of their employees are photographers and not engineers. The problem is not on working on so many things but working at them all at once, with no focus at all which seem pointless since they don't really have a gold-laying hen working for them, yet. Making a loss ~50 Cr is not cool [1].
> Property listing startup with no business model? Are you kidding me?
The business model on which sites like Sulekha and CommonFloor operate is to urge the user to give out his contact details which they can sell to their clients. Essentially, spamming and even that is incredible low-margin model. Would Housing.com go that way?
[1]: http://www.livemint.com/r/LiveMint/Period1/2015/04/06/Photos...
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