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Shipshape Announces Pro Crawl Space Solution, Adds Warranty Management…

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With a suite of predictive maintenance solutions, Shipshape aims to unlock the promised value of the smart home.

Shipshape, a company on a mission to make homes smart enough to take care of themselves, today announced the launch of its Pro Crawl Space solution. Shipshape’s Pro Crawl Space solution ensures critical systems located in the crawl space are working properly and aids in the prevention of mold growth, wood rot, pest infestations, water damage, and energy waste.

Many homeowners are not willing or able to go into their crawl space. Therefore, they rely on service providers to perform regular maintenance and repairs on the critical systems located in the crawl space. With the Pro Crawl Space solution, Shipshape announces the roll out of its Service Provider Network and addition of the MyCoverage™ feature. In partnership with local service providers, Shipshape delivers a complete solution to homeowners for their crawl spaces.

“We want to help local businesses grow and thrive, they are the experts at home services and we are the experts at technology. Our job is to help homeowners connect with the right pro when they need maintenance or repairs.” said Ryan Thomas, Director of Customer Success at Shipshape Solutions Inc.

Shipshape’s new maintenance plan management capability helps homeowners easily connect to their service pros and stay on top of their maintenance needs. This comes at a time when the home services industry is transforming from a reactive homeowner relationship to a proactive service plan-based homeowner relationship. This transformation presents unique challenges for service providers, and Shipshape helps streamline and accelerate the transformation.

“The Shipshape partnership has been a game changer for my business. They have helped me to stay in contact with my past customers through their co-marketing program, uncover unknown risks with my customers, identify new leads and sell more maintenance plans. Homeowners love the Shipshape Pro Monitoring solution, and it allows us to provide even more value to the homeowners we serve,” said Kevin Weber, CEO of OX Foundation Solutions, Birmingham, Alabama.

Next-Gen Intelligent Features Include:

Service Provider Network – Network to maintain relationships with local service providers and facilitates a seamless connection to those pros when homeowners need help.

MyCoverage™ – Warranty and maintenance plan information is stored in the Shipshape App to facilitate a seamless connection to providers.

The HomeHealth Record™ – Complete performance history for each system in the home.

Proactive AlertActions™ – Notifications that offer actionable recommendations to help the homeowner reduce risks or improve performance associated with the home’s critical systems.

Shipshape Assisted Maintenance aka SAM™ – A virtual assistant that helps resolve issues and connects users to service pros when needed.

Pro crawl space upgrade includes:

Dehumidifier Upgrade – Smart Monitor™ hardware devices with sensors and controls that can be added to any existing dehumidifier to connect the dehumidifier to the internet and Shipshape’s platform.

Sump Pump Upgrade – Smart Monitor™ hardware devices with sensors and controls that can be added to any existing dehumidifier to connect the sump pump to the internet and Shipshape’s platform.

Mobile App – Software that enables homeowners to interact with their systems, input warranty info, access their HomeHealth Record™, respond to AlertActions™, request help from SAM™ and connect to service providers.

Shipshape Membership Subscription (optional)

  • Pro Monitoring – 24/7 professional monitoring
  • Home Assistant – A dedicated Shipshape representative to help you resolve home issues and connect to service pros when needed
  • Extended Warranty – An extended warranty on the SmartMonitor™ devices that keep your service connected

About Shipshape Solutions Inc.

Shipshape is on a mission to make homes smart enough to take care of themselves. Shipshape believes every home should be safe, reliable, efficient and well maintained. The company operates a first of its kind proprietary smart home predictive maintenance platform that offers solutions to homeowners to reduce the costs of home maintenance and operations. The Shipshape platform integrates an ecosystem of smart home hardware to enable advanced analytics and recommend actions that will reduce risks and improve system performance. Shipshape’s software platform unlocks the value of sensor data to enable a whole new era of the smart home.

Shipshape is based in Austin, TX. For more information, visit http://www.shipshape.ai.

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Source: https://www.prweb.com/releases/shipshape_announces_pro_crawl_space_solution_adds_warranty_management_and_service_provider_network/prweb17901684.htm

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As tech offices begin to reopen, the workplace could look very different

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The pandemic forced many employees to begin working from home, and, in doing so, may have changed the way we think about work. While some businesses have slowly returned to the office, depending on where you live and what you do, many information workers remain at home.

That could change in the coming months as more people get vaccinated and the infection rate begins to drop in the U.S.

As that happens, it is likely that more offices will reopen. We’ve already heard from major employers like Salesforce, which indicated it will be allowing a percentage of its workforce back to the office this month, starting with the company’s San Francisco headquarters. The CRM giant plans to move slow and follow the government’s lead, allowing 20% capacity at first and hoping to build to 70% over time.

Most companies aren’t the size of Salesforce, which boasts a worldwide workforce of more than 50,000 employees. These smaller companies often don’t control entire skyscrapers, as Salesforce does in San Francisco. That creates complicating factors, including managing people who aren’t willing to be vaccinated, dealing with social distancing and masking, and sharing buildings or floors with other companies.

Even more, many companies have discovered that their employees work just fine at home. And some workers don’t want to waste time stuck on congested highways or public transportation now that they’ve learned to work remotely. But other employees suffered in small spaces or with constant interruptions from family. Those folks may long to go back to the office.

On balance, it seems clear that whatever happens, for many companies, we probably aren’t going back whole-cloth to the prior model of commuting into the office five days a week.

Last August, we spoke to a number of tech company executives about what returning to the office could look like. We recently went back to most of those same executives, as well as a Rhode Island state official and a medical expert we spoke to then to revisit the idea and talk about what’s changed and what work could look like as move slowly toward the post-pandemic era.

The office will never be the same

While their approaches vary, all of the executives I spoke to said that they foresee adopting a hybrid model when they can return in earnest, although there were definitely different interpretations of what that means, and what the office structure will look like.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/05/11/as-tech-offices-begin-to-reopen-the-workplace-could-look-very-different/

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Digging into digital mortgage lender Better.com’s huge SPAC

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Better.com, a venture-backed digital mortgage lender, announced this morning that it will combine with a SPAC, taking itself public in the second half of 2021. The unicorn’s news comes as the American IPO market is showing signs of fresh life after a modest April.

The Better.com deal comes just over a month after it sold $500 million of its existing shares to SoftBank at a valuation of $6 billion. At the time, TechCrunch described the deal as “further proof” that unsexy industries were able to secure attractive valuations despite their relative lack of pizzazz.

The SoftBank secondary round was hardly Better’s only recent mega-deal; the company raised a $200 million round at a $4 billion valuation in November 2020.


The Exchange explores startups, markets and money. 

Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.


But the company’s SPAC combination will affix an even higher price than its April round managed, providing the Kleiner Perkins-backed Better with what it describes as a “post-money equity value of approximately $7.7 billion.”

SoftBank is doubling down on Better, putting together a $1.5 billion private investment in the deal’s public equity, or PIPE, in effect repricing its own preceding investment. For the Japanese telecom and investing powerhouse, making successive bets in companies at ever-higher prices is essentially gospel. So, don’t read too much into the commitment.

As with all SPAC combinations, we have a pile of new data from the company that is going public as part of the transaction. So, this morning, we’re getting our hands dirty.

Our goals are simple: We want to understand whether Better is a weak business, an acceptably strong business, or a great business. To get there, we’ll have to start by digging into how the company functions. From there, we’ll discuss its valuation stacked against its trailing metrics. We’ll also take a look at its growth expectations and bring in the recent Compass IPO, a company that focuses on a different part of the mortgage market, to see if we can get a better handle on Better’s new valuation.

Ready? The deck is here. Let’s have some fun.

What’s Better.com?

If you have heard of Better but really had no idea what it does before this morning, welcome to the club. Mortgage tech is like pre-kindergarten applications — it applies to a very specific set of folks at a very particular moment. And they care a lot about it. But the rest of us aren’t really aware of its existence.

For the rest of us: Better is an online mortgage lender that aims to offer lower-than-standard fees to consumers looking for credit to help them buy a house. As the company explains on its website, it generates income by selling loans that it helps generate. Per its investor deck, Better also derives top line from selling insurance products.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/05/11/digging-into-digital-mortgage-lender-better-coms-huge-spac/

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Real Estate

Digging into digital mortgage lender Better.com’s huge SPAC

Avatar

Published

on

Better.com, a venture-backed digital mortgage lender, announced this morning that it will combine with a SPAC, taking itself public in the second half of 2021. The unicorn’s news comes as the American IPO market is showing signs of fresh life after a modest April.

The Better.com deal comes just over a month after it sold $500 million of its existing shares to SoftBank at a valuation of $6 billion. At the time, TechCrunch described the deal as “further proof” that unsexy industries were able to secure attractive valuations despite their relative lack of pizzazz.

The SoftBank secondary round was hardly Better’s only recent mega-deal; the company raised a $200 million round at a $4 billion valuation in November 2020.


The Exchange explores startups, markets and money. 

Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.


But the company’s SPAC combination will affix an even higher price than its April round managed, providing the Kleiner Perkins-backed Better with what it describes as a “post-money equity value of approximately $7.7 billion.”

SoftBank is doubling down on Better, putting together a $1.5 billion private investment in the deal’s public equity, or PIPE, in effect repricing its own preceding investment. For the Japanese telecom and investing powerhouse, making successive bets in companies at ever-higher prices is essentially gospel. So, don’t read too much into the commitment.

As with all SPAC combinations, we have a pile of new data from the company that is going public as part of the transaction. So, this morning, we’re getting our hands dirty.

Our goals are simple: We want to understand whether Better is a weak business, an acceptably strong business, or a great business. To get there, we’ll have to start by digging into how the company functions. From there, we’ll discuss its valuation stacked against its trailing metrics. We’ll also take a look at its growth expectations and bring in the recent Compass IPO, a company that focuses on a different part of the mortgage market, to see if we can get a better handle on Better’s new valuation.

Ready? The deck is here. Let’s have some fun.

What’s Better.com?

If you have heard of Better but really had no idea what it does before this morning, welcome to the club. Mortgage tech is like pre-kindergarten applications — it applies to a very specific set of folks at a very particular moment. And they care a lot about it. But the rest of us aren’t really aware of its existence.

For the rest of us: Better is an online mortgage lender that aims to offer lower-than-standard fees to consumers looking for credit to help them buy a house. As the company explains on its website, it generates income by selling loans that it helps generate. Per its investor deck, Better also derives top line from selling insurance products.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/05/11/digging-into-digital-mortgage-lender-better-coms-huge-spac/

Continue Reading

Real Estate

Digging into digital mortgage lender Better.com’s huge SPAC

Avatar

Published

on

Better.com, a venture-backed digital mortgage lender, announced this morning that it will combine with a SPAC, taking itself public in the second half of 2021. The unicorn’s news comes as the American IPO market is showing signs of fresh life after a modest April.

The Better.com deal comes just over a month after it sold $500 million of its existing shares to SoftBank at a valuation of $6 billion. At the time, TechCrunch described the deal as “further proof” that unsexy industries were able to secure attractive valuations despite their relative lack of pizzazz.

The SoftBank secondary round was hardly Better’s only recent mega-deal; the company raised a $200 million round at a $4 billion valuation in November 2020.


The Exchange explores startups, markets and money. 

Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.


But the company’s SPAC combination will affix an even higher price than its April round managed, providing the Kleiner Perkins-backed Better with what it describes as a “post-money equity value of approximately $7.7 billion.”

SoftBank is doubling down on Better, putting together a $1.5 billion private investment in the deal’s public equity, or PIPE, in effect repricing its own preceding investment. For the Japanese telecom and investing powerhouse, making successive bets in companies at ever-higher prices is essentially gospel. So, don’t read too much into the commitment.

As with all SPAC combinations, we have a pile of new data from the company that is going public as part of the transaction. So, this morning, we’re getting our hands dirty.

Our goals are simple: We want to understand whether Better is a weak business, an acceptably strong business, or a great business. To get there, we’ll have to start by digging into how the company functions. From there, we’ll discuss its valuation stacked against its trailing metrics. We’ll also take a look at its growth expectations and bring in the recent Compass IPO, a company that focuses on a different part of the mortgage market, to see if we can get a better handle on Better’s new valuation.

Ready? The deck is here. Let’s have some fun.

What’s Better.com?

If you have heard of Better but really had no idea what it does before this morning, welcome to the club. Mortgage tech is like pre-kindergarten applications — it applies to a very specific set of folks at a very particular moment. And they care a lot about it. But the rest of us aren’t really aware of its existence.

For the rest of us: Better is an online mortgage lender that aims to offer lower-than-standard fees to consumers looking for credit to help them buy a house. As the company explains on its website, it generates income by selling loans that it helps generate. Per its investor deck, Better also derives top line from selling insurance products.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/05/11/digging-into-digital-mortgage-lender-better-coms-huge-spac/

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