Stayawhile just announced $1.5M in funding from NEA, Founders Fund, and Global Founders Capital to offer housing to people looking for something longer than Airbnb but shorter than typical 1 year leases.
I have teammates and friends that have been looking for a solution like this and it fits with the growing popularity of nomad living and a younger generation of non-home buyers (because of avocados, right?).
While more convenient to move into a furnished home, it's very expensive at $1k/week and up (granted, in some of the most expensive cities in the world such as SF and NY). Is there a path to making this more affordable, @JanineYorio? I'm also curious to hear @levelsio's POV on this.
$1,000 a week? Maybe I can afford that when I've got $1.5m in funding for my startup. Or I should stop eating avocados and spend on accommodation instead... :P
@aftabarab I hear you loud and clear. Our vision is to bring the cost down over time by finding Stayawhile locations in less expensive neighborhoods and in buildings that are more modest, but we are launching as a premium product. We're just getting started, and I will keep you (and others like you) in mind as we evolve. Thanks so much for the feedback.
@rrhoover Thanks for posting about Stayawhile. Our overarching, long-term goal has always been to enable a mainstream audience to live a lifestyle once reserved for the super rich. Although the product is not exactly "affordable" today, it is a lot less expensive than garden-variety corporate housing (which usually costs $6000/month or more) or hotels. We made the decision to start with a premium product in full-service buildings so that we can deliver a flawless experience even before we have the infrastructure to service the apartments ourselves. It is ABSOLUTELY our vision to bring this lifestyle to a mainstream audience through value engineering. We'll get there. We're just getting started!
Idea is amazing. Website is perfect. Prices are terrible :x 1k$ a week?
I am currently renting a furnished flat in Kreuzberg, Berlin. I have no engagement and I pay 1k€ a month all included. I think it's very expensive. So each week...
@juliendevoir Our price might be a lot lower in Berlin when we eventually expand there, but for now we're in expensive parts of expensive cities. In New York City, a studio apartment costs about $2500 to $3000 per month before it is furnished or has wifi or utilities. As we grow, we'll add more affordable options. I promise!
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Pre-furnished, medium-term housing is going to explode in the US. It's the norm in: Europe, Central and South America.
@dessabrennan@dessalindstrom Would love to talk to you about how you've been housing yourself during this awesome journey...
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Eeek. Love the site, love the idea, but the pricing is hard to justify. I currently live in N.Y.C. and hop from one medium-term sublease to another at ~ $850-$1,200 a month. Sure, it's not in FIDI but still in nice furnished places. I'm not sure there's a huge market for people who are looking/able to pay $1,000+ a week for medium-term visits. I've seen monthly AirBnB rentals that are in better locations for a fourth of your cost per month. Most of the "Digital Nomads" I know live in co-living spaces or something they've found off of Gypsy housing. All of that being said, if you start listing some more economy class apartments I'll be the first to sign up!
@connorgutman Thanks, Connor! We appreciate that the market is much bigger at lower price points, but we're launching as a premium product (for a host of strategic reasons.) We want to offer more affordable options in the future and will keep on chugging toward that goal.
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