Kind of like Airbnb, but for startup space, Cribb enables investors to host new companies in their empty houses in exchange for equity. The network also works for celebrities who, in return for equity, want to lend their vacant homes to startups for free.
The business-based matchmaking platform helps ventures just starting out to find a location for semesters lasting three to six months. After companies register their interest on the Cribb website, the service reviews applications and passes the screened ones on to relevant homeowners. For 5% of the new business, homeowners can choose if they want to be accommodating. In addition to startup space, Cribb offers other entrepreneurial and support resources to participants looking to accelerate their funding.
Startup Space Platforms
Cribb Lets Investors Offer Vacant Homes to New Companies Seeking a Venue
Trend Themes
1. Shared Startup Spaces - Cribb's platform for investors and homeowners to offer vacant homes as startup spaces presents an opportunity for the rise of shared collaborative workspaces.
2. Equity-based Funding - Cribb's model of exchanging equity for hosting vacant homes introduces a disruptive innovation opportunity for alternative funding methods in the startup ecosystem.
3. Location Matchmaking Platforms - Cribb's business-based matchmaking platform that connects startups with homeowners highlights the potential for the growth of location matchmaking platforms in the entrepreneurial space.
Industry Implications
1. Real Estate - The emergence of platforms like Cribb that utilize vacant homes for startup spaces opens up new opportunities for the real estate industry to tap into the startup market.
2. Entrepreneurial Support Services - Cribb's offering of additional entrepreneurial and support resources for participants showcases the potential for disruptive innovation in the field of entrepreneurial support services.
3. Alternative Funding - Cribb's equity-based funding model suggests potential disruption within the traditional funding landscape, providing an opportunity for alternative funding providers and platforms.