Home ownership is the American Dream. But with rising home prices and interest rates, that dream is out of reach for many. Enter @rookcap.
Join the waitlist https://t.co/aLJiPlprgG
@NdamukongSuh@NdamukongSuh insane isn’t it! The team @RookCap is helping bridge this gap by allowing local investors like you and many others to step in to help through. Community in action.
Networking reception starts at 5 pm MST, program starts at 5:45 MST. Entrepreneurs Eddy Connors, Goodie Bag Food Co. | Colin Jones, Resi Media | @edmessman, Rook Capital | @jroswell8 sharing their innovations and insight. Register: https://t.co/MpOcfUru0K
Did you hear @Rook partnered with @KellerWilliams Northern Colorado and @efirstbank to expand home ownership and solve the home affordability problem. Leveraging the power of its Shared Value Investment!
Find out more here, https://t.co/fsr0zVFETd
Congratulations to one of our partners @RookCap on their successful launch this week.👏
Rook's platform unlocks access for more people to gain exposure to the world's largest asset class — real estate.
The model: shared risk, shared reward. ❤️
https://t.co/oVUHbGC8gQ
Cool new company in Colorado in the Fintech space. Congrats @edmessman and @kcbigring! Two awesome, experienced entrepreneurs addressing a major social problem in America! https://t.co/Uy7oKejhQN
So happy to share @kickstartfund's investment (alongside @FirstMileVC & LL Funds) in @RookCap: a company enabling fractionalized home ownership & financing.
We’re excited to be partnering w fantastic founders, @edmessman & Kevin Crawley.
Why we invested: 🧵 /1
Rook announced a $4.1 million capital raise and access to a warehouse credit facility as it looks to grow its “Shared Value Investment” program, helping prospective homebuyers purchase the right home in return for a portion of the equity upside. #Rook https://t.co/J3q3k04ROG
In Jan 2021, the 30-yr mortgage rate was 2.65% and average new home price in the US was $401,700.
Today the 30-yr mortgage rate is 5.65% and average new home price is $546,800.
Assuming a 20% down payment, that's a 95% increase in the monthly payment (from $1,294 to $2,525).
It is nearly impossible to convince a VC of a thesis they don’t already believe, so the key in fundraising is to ‘discover’ the right partners, not try to educate and convince…
We are super excited to announce our next Talk with DAOs event!
This time, we are inviting our frens from @ShapeShift
🦊Together with @willyogo , @0xdef1cafe , and @LuukDAO we will dive into the #DeFi landscape and the future of coordination.
👉https://t.co/65nkhC6Cf9
1/ I’VE BEEN THINKING, while doing yard work, abt the #crypto crash & Fathers’ Day. They both relate to one of the biggest lessons my late dad taught me, which came from my grandpa (an 8th grade educated Iowa farmer who had a PhD in common sense). He scoffed at “paper wealth.”
Increasingly becoming convinced that now is a great time to tackle a meaningful problem with 2-3 people, raise $500k - $1.5M at a fair valuation, and do some heads down building. Seed funds are open for business, talent is looking for work, and no shortage of problems to solve.
Once upon a time, housing was just as much about the community outside the 4 walls of the home as it was about what goes on inside
A part of our mission at Rook is to help communities live together once again - whether that's church members, firefighters, schoolteachers etc.