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An AirBnB-for-commercial-real-estate startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow™
The Daily Dealflow™ newsletter delivers one vetted startup to your inbox every work day and is presented by Silicon Valley Bank. SVB's 2019 Startup Outlook Report is out now.
Startup of the Year™ is a global competition, world-wide community, and resource for founders. We discover and support the most promising and innovative startups from around the world through #DailyDealflow, #SOTYPodcast, events, and more.
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GotSpot, Inc.
GotSpot is an AirBnB-esque digital marketplace for commercial real estate.
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All kinds of Main Street businesses (e.g. stores, offices, studios, restaurants, manufacturers) struggle to stay open, often due to rent; meanwhile, they have space that's underutilized. At the same time, entrepreneurs and non-profits who don't pay for monthly space often struggle to find space when they need it for specific purposes. Sometimes, in an emergency, communities have the same problem.
GotSpot has created a platform that connects businesses with available commercial spots to small businesses, entrepreneurs, non-profits, and start-ups who will pay to use their spot. They're growing the local economy while building community resiliency, because they're also collecting information about which spots communities can use to respond when disaster strikes (no shock this Houston-based startup has Harvey in mind).
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What's Innovative About Their Solution?
GotSpot has developed a proprietary process for onboarding spots that de-risks the process of commercial space sharing between businesses.
They also have a unique network for growth: the network of cities across the country (especially the south) that are near military installations. Additionally, they are focusing on smaller, mid-market cities, where there are few solutions for short-term sharing of commercial space.
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⚙️ Product Stage
Beta—Public
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🏭 Industries
Social Impact & Culture
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🤑 Fundraising Status
Considering raising
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💸 Total Funding
To Date
$0-100k
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Big Wins
- Named a Top Finalist in Mass Challenge Austin Cohort, 2019
- Secured $22,500 in prizes from pitch competitions, most recently the Great American Military Entrepreneur Challenge in October 2019
- In the process of securing pilot projects with two Texas Gulf Coast cities
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Contact the Founder:
Reda Hicks
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. |
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The Daily Dealflow is made possible thanks to the support of our amazing partners.
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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Established, LLC is not a broker-dealer and cannot provide assurances and makes no representations or warranties as to the timing or price terms for any purchase or sale of early-stage company equity. Nothing contained in this email constitutes investment, legal, tax or other advice. No information or statements contained in this email should be relied upon in making an investment or different decision. You should review all risks and consult all applicable professionals when making any investment decisions. Information and statements contained within this email and any attachments are solely for informational purposes and does not constitute an offer to sell or a solicitation to buy any securities.
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