Investment Review: Homeroom

This post is part of my angel investing series where I review investments after they’re completed. These posts are not investment advice, solicitations, or offers of any kind. They are simply my thoughts on companies I’ve invested in and how they fit into my thesis.

For background on my approach to angel investing and my investment thesis, see my introduction to this series.

Company Overview

Homeroom is a platform that connects tenants to property owners for co-living. Think of it as a modernized version of AirBnB, but for co-living.

Thesis Fit

Macro trends:

• The pandemic has led to a massive shift in where people want to live, and how they want to live
• The housing shortage is real and getting worse, and the cost of living is going up
• Real estate investors are looking for new ways to make money, and co-living is a new way to do that
• Roommate matching is a pain, and Homeroom is solving that problem

Founder fit:

• Founders are a good mix of real estate and technology experience
• Founders have a deep understanding of the co-living space and the problems they’re solving, and have done the work their platform aims to solve manually with success in prior roles

Conclusion

Overall, this is a great business with a lot that can go right. Real estate itself is not an amazing fit for a venture portfolio, but this business is well structured and has put a ton of thought into the problem they’re solving. I’m excited to be along for the ride.

Note: This review is written after the investment was made and is not intended to be forward-looking or to provide any form of investment advice. It represents my personal views and learning journey in angel investing.