Our CEO in VentureBeat!

Our CEO, Lee Lin, wrote a guest post on VentureBeat about his experiences presenting a case study on RentHop to a group of 90 Harvard MBA students. The class discussed the first two years of RentHop’s history and evaluated the revenue generation in New York City.ย  Here’s a link to the post.

Some of Lee’s Key Insights

Below are some of Lee’s insights that he shared on VentureBeat. The article also covers additional observations.

1) ย Hearing something you already know, articulated from a different vantage point, can be just as valuable as hearing it for the first time. There is a benefit to concisely formalizing concepts that you already know. Youโ€™ll have an easier time processing the topic in your head and communicating your thoughts to others.

2) ย Instead of worrying about big competitors, startups should be afraid of (a) defeating themselves through bad execution and (b) disruptive startups that havenโ€™t yet entered the spotlight.

3) ย Startups that address relatively small and homogeneous target groups may monetize more successfully by charging people who are clearly gaining measurable value from the service than by using ad networks and affiliate programs.

4) ย The โ€œYelp for Xโ€ business model is popular, but itโ€™s hard to create a comprehensive review service when โ€œXโ€ is not food or travel. ย Very few people will happily praise their landlords for collecting rent on time each month and promptly calling the exterminator.

Curious about the experience? Read the article on VentureBeat to learn about the class style and how Lin participated in the final moments. Furthermore, the course offers a chance for new founders to receive honest feedback about their startups.

Editor’s Note: We updated this article to enhance readability.ย 

lawrence
lawrence
Lawrence part of the RentHop Data Science team with over a decade of experience in the real estate industry. In addition, he is a software developer and quantitative analyst with over 12 years of experience in software development and quantitative modeling. Lawrence merges two of his passions together to help renters across the nation with their home search.

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