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☆ Kasa Living, which partners with KKR and TPG, wants to become the Amazon of hospitality. See the 33-page slideshow it used to raise $70 million
▼ + stars: | 2024-04-26 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Kasa Living has made a habit of raising funds at some of the hardest times for the hospitality and proptech industries. Kasa Living CEO and founder Roman Pedan points to the shares of Marriott and Hilton, which are up over the last five years, as an indication of what Kasa could be. Kasa Living is now working with some investment firms to help locate and buy buildings that Kasa Living will operate, a model known as OpCo/PropCo. Instead of having to hire someone to handle bookings and finances for each property, Kasa Living handles it all centrally, "removing that fixed cost." Some financial information has been redacted from the deck by Kasa Living.

Persons: Roman Pedan, Kasa, Pedan, Pendan Organizations: Marriott, Hilton, KKR, Sonder, TPG, Amazon Web, Citi Ventures, FirstMark, New York Life Ventures, Fireside Investments, RET, Zigg, Ribbit, EBay, Kasa Locations: Brookfield

☆ See the pitch deck a startup trying to rival Airbnb used to raise $14 million to turn entire buildings in Miami and Nashville into short-term-rental apartments for bachelor parties and big groups
▼ + stars: | 2023-05-09 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +4 min

CEO Andreas King-Geovanis walked Insider through the pitch deck he used to raise the funds. Guests can book units in more than 15 Roami buildings across Miami, New Orleans, Nashville, and Austin on Airbnb or Booking.com. King-Geovanis said that the end of 2022 was a challenging time to raise funds as a short-term-rental business. That's why the pitch deck King-Geovanis used during the recent fundraise focused so heavily on Roami's profitability, partly due to labor- and cost-saving technologies. King-Geovanis walked Insider through the pitch deck he used to raise Roami's latest round.

☆ A Dutch Quest for Buried Nazi Treasure Comes Up Empty
▼ + stars: | 2023-05-01 | by ( Claire Moses | ) www.nytimes.com time to read: +1 min

A couple of weeks before the end of the war, five German soldiers buried the treasure, but another, Helmut Sonder, watched them while lying in the bushes with a war injury. He drew a map from memory, presumably with the idea of coming back for the spoils, according to the documents. The map suggested a degree of precision — the treasure, it said, was buried about 1.7 to 2.3 feet deep, next to three poplar trees. The Buren municipality, which includes Ommeren, turned away several requests for similar endeavors, according to Pieter Neven, an official there. Ms. Honders’s foray was approved, he said, because “We wanted to handle it professionally.”Mr. Neven said that the municipality had subsidized Ms. Honders’s search with 2,000 euros, about $2,200, to help pay for the archaeologists and professional metal-detector operators.

☆ 5 tips for using TikTok as a small business owner without it taking up all of your time
▼ + stars: | 2023-01-18 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +7 min

TikTok can be a great platform for small business owners to market their products or services. This article is part of "Marketing for Small Business," a series exploring the basics of marketing strategy for SBOs to earn new customers and grow their business. "I thought TikTok was all dancing and for Gen Z," Kim, who launched her business in December 2020, told Insider. Be a regular TikTok userKim said using TikTok regularly is a great way to come up with ideas and spot patterns and trends that you can apply to your own content. "You have to know who your audience on each platform is and talk to that audience," Kim said.

☆ Another tech bubble bursts: 2022 has been brutal for Silicon Valley workers
▼ + stars: | 2022-11-27 | by ( David Ingram | David Ingram Covers Tech For Nbc News. | ) www.nbcnews.com time to read: +28 min

Gem: 100A maker of recruiting software, the startup cut a third of its workforce Nov. 1, The Information reported. HealthCare.com: 149The health insurance marketplace announced the job cuts Aug. 3, Miami Inno reported, citing state regulatory filings. Fabric: 120The robotics startup said July 13 that it was layoffing off 40% of them, TechCrunch reported, citing company confirmation. It affected about 300 people, the Silicon Valley Business Journal reported, citing company confirmation. Policygenius: 170The online insurance company cut about 25% of its staff, Axios reported June 6, citing company confirmation.

The annual energy price increase in Germany in August on average was 139%, latest producer price data showed this week. In a BDI survey of 593 businesses, more than a third said their existence was threatened by higher energy prices, up from 23% in February. Industry group VKU has also joined the chorus of concern, warning that local utilities faced insolvency due to high energy prices and possible defaults from their customers. read moreThe head of the German Chemicals Industry Association VCI on Tuesday said rising energy prices were a "huge alarm call" for Germany as a place to do business. He welcomed Buschmann's initiative to relax insolvency rules but added that suspending them outright again would be a "serious mistake".

☆ A 23-year-old entrepreneur netted over $750,000 in 2021 by renting out properties he doesn't own. Here's how he got started.
▼ + stars: | 2022-08-13 | by ( Laila Maidan | ) www.businessinsider.com time to read: +13 min

By 2021 — three years into his rental-arbitrage career — he told Insider he had more than 50 properties nationwide. He told Insider that at the time, he had $8,000 in cash saved from his server job in high school and his internship. He told Insider he received about $12,000 a month (netting a $4,000 profit a month) from this deal. By the time 2021 rolled around, Cheung told Insider he was able to pick up several units in one building in exchange for one to two months of free rent. He told Insider his nightly rates run between $101 to $223 on average.

Aspiring titans filed more than 5 million business applications in 2021, according to data from the US Census Bureau. Starting a business in a pandemic or in uncertain economic times demands flexibility, agility, and originality. In July 2020, she launched Cafe Cà Phê in Kansas City, Missouri, and made six figures in sales in 2021, Insider verified with documentation. The couple booked nearly $4 million in revenue in 2021, Insider verified with documentation. "Identifying what activities you're doing day to day that raise your energy and recharge you, and what drains you."

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