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     7 years ago 

    I did get a comparison between BeeToken & Rentberry from the CEO of Rentberry from Telegram.

    From the ceo of rentberry -
    First of all. Beetoken is not really a competitor for number of reasons. The easy one is that they operate in the short-term rental space. We operate in the long-term rental space.

    Detailed summary view:

    Beetoken

    • Short-Term rental (much smaller industry than long-term rentals)
    • Industry already disrupted by AirBnb (multibillion dollar company, that has dominant market share and innovation power)
    • No product (nothing developed yet, not even alpha, beta, etc.)
    • No traction (no customers, no users of any kind; basically just one-pager site and idea)
    • No team (in my view to have a team and not just pictures on the site you need to raise capital - cause any team needs salary. This is their first raise and therefore I am puzzled as to what kind of team they have in Silicon Valley - definitely not fulltime dedicated!)
    • No capital raised from VC/institutional investors (ICO is great but what about next. For example, to build AirBnb into the business that it is right now - they raised $1billion+ in capital. Trust in VC community is crucial and it does not exist with Beetoken as they have not raised equity of any-kind from institutional investors)
    • Limited monetization potential
    • No experience operating the actual business/company (one pager website is different than running a business)

    Rentberry

    • Long-term rental space (the industry itself is MUCH larger than short-term rental space, which is filled by hotels and AirBnb).
    • There is no disruptor in this industry. (Probably one of few industries that is waiting for the innovation to happen and disruptor to come. Moreover, huge international potential. We already got approached by some of the largest real estate companies in other countries looking for partnerhsips with us.)
    • We have a product (that even won awards and got a HUGE media support - featured on TV prime time news more than 20 time, etc.)
    • We have properties and clients (traction is crucial cause it means visibility. And we got a lot of traction. At this moment we are nationwide in the US).
    • 23 full time dedicated team (fully dedicated team. This year we plan to expand to 40 people).
    • Raised $4mln prior to ICO from top investors (our investors are coming from 11 countries, including China. This is crucial as we have a huge international support not just from the community but also high-profile and powerful local investors).
    • We have a wide array of monetization techniques (from monetizing tenants, to landlords, to high volume property managers, to selling data to local businesses/moving companies, selling by products, such as tenant insurances, etc. - the list goes on and on).
    • In business since 2015 (raised 2 rounds prior to ICO - shows how confident investors are with our progress. Many of our seed investors also joined ICO. We have massive support from financial community. This allowed us to become THE LARGEST PROPTECH ICO already in the history of crypto.)
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     7 years ago 

    Very helpful, thank you.

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       7 years ago 

      You're welcome!

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