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Fractions aren’t enough of an answer to divisions – TechCrunch

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Last week I wrote about the launch of Fractional, a startup that makes it easier for friends (and strangers) to share real estate with them. Co-founders Stella Han and Carlos Treviño combined the common background of growing up in a real estate family while working at Affirm. However, Affirm’s mission of “paying at his own pace” clashed with the duo’s direct experience of taxable time commitments and high costs associated with owning real estate. The contrast that finally gave birth to the Fractional idea.

I will go into more details Fractional products and recent funding in my story, But today I would like to focus on an interview with co-founder Han. During our phone call, we talked about how the future of alternative investments is built on the surge of people to long exclusive asset classes. We see it in private equity, art ownership, and now real estate. While reducing the check size of the entry, this is one of the Fractional hooks, but so is the social aspect. Can a cohort of people be meaningfully educated to understand the value of putting money in a home compared to index funds? Can you “confuse” hesitate to start a business with your friends? Can you plan for unplanned twists and turns or someone in your investment group wanting a liquidation sooner rather than later? All of these questions are far more interesting and annoying than the logistical argument of making home ownership available. Fractional hopes it will be collaborative.

The way Fractional prepares for the unexpected so far looks like a classic curation. Han explained that he is building an investment community centered on specific properties with the aim of attracting like-minded people. “It doesn’t make sense for those who are thinking of flipping through real estate in a year and those who want to keep it for about five years,” she said. By preliminarily eliminating key core differences and involving lawyers, startups are beginning to ease early concerns. Still, the heaviest lift for startups is the establishment of governance and transparent expectations, as well as other businesses that promise to bring access to new assets.

Fractions are not enough answers when trying to resolve a split. It’s a lesson for both startups and pumpkin pie lovers between us. The rest of this newsletter will make fun of some gift guides, and uh, real estate management.As always, you can follow me on Twitter @nmasc_ Or on Instagram @natashathereporter..

Image credit: Fraction

A tool to set up telecommuting or just enhance your home

TechCrunch Gift Guide 2021

TechCrunch Gift Guide 2021.

TechCrunch is starting to publish its annual gift guide! For first-timers, there is a tradition of publishing a niche yet geeky wishlist each year to help gift providers make decisions. It can range from gadgets for upgrading your telecommuting setup to gifts to make you more lonely.

Here’s what you need to know: So far, Work-at-home office, NS Video call settings Cohort of homeowners you want to Upgrade their home to a smart home..Oh, and we also published a wishlist Plant lovers When For kids who love STEM toys.. Can you say that we were all in for too long?

Speaking of hardware:

  • Subscribe to the actuator, Brian Heater’s upcoming newsletter on robotics.
  • For my gift guide, I need you to DM me Who is your favorite entrepreneur (I know, mysterious, but how else do you build suspense?)

And the beginning of this week …

Image credit: New culture

New culture! Everyone who listens to podcasts knows that they love cheap startups, both figuratively and literally.This week, New Culture raises $ 25 million in seed funding Commercialize the cheap vegan mozzarella cheese.. Maybe it will arrive at the grocery store soon!

Here’s what you need to know: Alternative cheese makers claim that they are far superior to the environment than dairy-based cheeses, which require 56 gallons of water just to produce an ounce. The new culture has also promoted progress in land use.

Honorable Mention:

It’s not dark, but …

Image credit: RiverNorth Photography / Getty Images

Let’s talk about real estate planning (also because the topic is at the heart of the latest season of “unsafe” and, of course, it feels like a part of life that no one wants to plan). In a TechCrunch + column, Gentreo CEO and Founder Renee Fry presented it to its founders. Some basic real estate planning tipsFor both the wealthy and the owners of simple startups.

Here’s what you need to know: Fry argues that real estate plans should be constantly adjusted throughout a person’s life, especially if they are in charge of a thriving business. While the liquidity of business success is exciting in real time, it can pose challenges when it comes to developing successors.

You have to decide who you trust to take over your company if something happens to you. It’s not just about having a real estate plan that expresses your wishes — it’s almost just as important to convey it as a written successor plan. — Lenny fly

And always there Inheritance angle:

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— — NS



Fractions aren’t enough of an answer to divisions – TechCrunch Source link Fractions aren’t enough of an answer to divisions – TechCrunch

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