NAME OF STARTUP: : Ark7
THE IDEA: What is the problem being solved by your startup / business?:
Ark7 makes it easy to invest remotely in real estate through small fractional shares and without having to manage property and enjoy monthly passive income & future appreciation.
THE FOUNDER’S STORY: When and how did you come up with the idea for the business?:
When our founder, Andy Zhao, an ex-engineer for Google, first considered investing in real estate in the Bay Area, he found it required a great deal of time and money to purchase and maintain a property. After discussing these barriers of entry into real estate investment with Jim, a friend and longtime real estate agent, Andy decided he wanted to create Ark7 — a company that makes investing in property as easy as buying stocks.
WHO IS THE CUSTOMER: What is the typical profile of your target customer? Where would they be located?:
Engineers, Tech professionals, crowdsourcing real estate platform investors, fintech followers
LESSONS TO SHARE: What 3 key lessons from your startup journey you’d like to share with aspiring entrepreneurs?:
We created Ark7 to make real estate investment accessible to people who want to invest but do not have the time or funds to do so. Users can benefit from using Ark7 to invest in properties located in different cities with low-cost shares at as low as $5 without the hassle of having to manage properties.
Our full-service platform gives users control over their investments including: picking properties, managing their portfolio, and viewing their income. Ark7’s investing model is a good way for beginners to dip their toes into real estate investing without having to risk a large amount of time or money buying and managing a property by themselves.
City: San Francisco, California, USA
Website URL: https://www.ark7.com/
Number of Employees: 1-5
Company’s LinkedIN URL:: https://www.linkedin.com/company/ark7-inc