Q: So, what constitutes Real-Estate Tech?
A: We define the term ‘Real Estate Tech’ fairly loosely and are open to any technology-enabled solutions in the vertical. Products ranging from ‘Yelp for Landlords’, to Augmented Reality solutions for developers, to virtual concierge services, to commercial real estate leasing software, and anything in between is fair game.
Q: How much actual cash do you provide?
A: We offer $50,000 for a 6% stake in your company.
Q: Are we expected to be at AREA’s offices on a full-time basis?
A: You know what’s best for your own company and we trust the discretion of our founders. Throughout the twelve-week program we’ll have top industry mentors and entrepreneurs stopping by share insight and have one-on-one time with portfolio companies. We strongly suggest you be there for these, although they’re not mandatory. We do have bi-weekly check-ins with AREA partners however and those we require mandatory attendance from each cofounder.
Q: Is my company ‘too far along’?
A: Probably not. We’ve funded all across the spectrum of maturity from very early-stage companies and to post-seed funding, who each found tremendous value in the access to the industry-specific network of decision makers and professionals.
Q: When will I hear back about my application?
A: We’ll announce the selected applicants for the AREA Summer 2016 Cohort by June 1st.
AREA Cohort Schedule
Orientation Day/ Kickoff