Justine Palefsky and Tas Amina, co-founders of Kindred, dive into the future of affordable travel through their home exchange platform. They share their journey of 'founder dating' and securing $7.75 million from top investors. The duo discusses the innovative credit system that enhances trust and community among users while revolutionizing travel experiences. They also touch on the challenges of fundraising in a shifting market, emphasizing the need for strong partnerships and sound financial strategies.
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Pre-Seed Funding
Justine and Taz raised $1 million in five days on safes after leaving their jobs at OpenDoor and Homebound.
Their former CEOs championed them, attracting other investors like Elad Gil and Rohan Seth.
volunteer_activism ADVICE
Leverage Champions
Leverage champions who can vouch for you to raise capital.
Starting with strong support makes approaching other investors easier.
volunteer_activism ADVICE
Founder Dating
Do thorough founder dating before starting a company together, including pre-mortems and reference checks.
Discuss potential scenarios like disagreements or acquisition offers upfront.
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While specifics on "The Partnership Charter" are limited, it's likely a guidebook offering frameworks and advice for establishing successful partnerships, particularly in business ventures. The book probably covers crucial aspects like defining roles, responsibilities, and decision-making processes within a partnership. It likely emphasizes the importance of open communication, conflict resolution, and shared vision to ensure long-term success and avoid common pitfalls. The book may also delve into legal and financial considerations for partnerships, providing a comprehensive guide for navigating the complexities of collaborative ventures. Ultimately, it aims to equip partners with the tools and strategies to build a strong, enduring, and mutually beneficial relationship.
Produced by Foundersuite (www.foundersuite.com), "How I Raised It" goes behind the scenes with startup founders and investors who have raised capital. This episode is with Justine Palefsky and Tas Amina of Kindred (www.livekindred.com), a members-only home exchange platform.
In this episode, Justine and Tas talk about how they spent time doing "founder dating" before committing to starting Kindred, how they raised capital from various strategic angels such as Elad Gil, Rohan Seth, Eric Wu, Payal Kadakia and Adena Hefets, how the venture market is changing and getting more challenging, and much more.
Kindred has raised $7.75 million from Andreessen Horowitz (a16z)with participation from Bessemer Venture Partners, Caffeinated Capital and angel investors such as Elad Gil, Opendoor CEO and co-founder Eric Wu, ClassPass founder Payal Kadakia, Clubhouse co-founder and CTO Rohan Seth and Adena Hefets, co-founder and CEO, Divvy Homes.
How I Raised It is produced by Foundersuite, makers of software to raise capital and manage investor relations. Foundersuite's customers have raised over $3 Billion since 2016. Create a free account at www.foundersuite.com.
How I Raised It - The podcast where we interview startup founders who raised capital. 