EM Group Chat #123: Building & Scaling Bungalow As A Managed Housing Marketplace With Andrew Collins

Group Chats
Managed Marketplaces
Andrew Collins

Recording of the Everything Marketplaces Group Chat #123 (1/31) with Andrew Collins, who's the CEO of Bungalow. Bungalow is a marketplace that’s helping reshape the residential housing markets by creating a better experience for both renters & homeowners. It’s a fast growing marketplace that’s raised over $150M+ from top investors like Khosla Ventures and Founders Fund.

1:11 Andrew's background
2:42 Learnings & lessons from Facebook that Andrew has taken with him to Bungalow
5:08 The founding story of Bungalow
9:06 The biggest challenges when first starting Bungalow & solving for the cold start problem
11:15 An overview of Bungalow as a managed housing marketplace
13:55 How Bungalow has evolved
15:40 The marketing channels that have worked & not worked for Bungalow
16:50 The markets that Bungalow operates in & considerations with each
19:04 How access to capital has impacted Bungalow
21:01 The Bungalow team & org structure
24:19 A day in the life as the CEO of Bungalow
28:03 The opportunities for Bungalow to offer investors exposure to real estate as an asset class
30:23 The fundraising journey raising $150M from top investors like Khosla Ventures, Founders Fund, & others
34:47 Group Q&A on how to approach top marketplace investors & build relationships when not actively fundraising
38:06 Group Q&A on using 6-9 months to benchmark payback period

Andrew on Twitter: https://www.twitter.com/Andrewlcollins1
Bungalow: https://www.bungalow.com

Connect with Andrew in the Everything Marketplaces community.