Brooklyn, NY: Today, WYL announced that their SeedInvest campaign has officially gone live at www.seedinvest.com/whoseyourlandlord. WYL is a primarily bootstrapped startup and has recently closed $250k of their $500k funding round. At this point, they realize, to fulfill their vision, they need to lean on their community to help them do so.
On the company's decision to go live with a SeedInvest campaign, WYL CEO Ofo Ezeugwu said "We are in a prime position to raise capital to expedite the growth process of WYL, and we know we need our community, our users, our supporters to be evangelists of our cause. We've built WYL to empower and to inform the millennial renter. We've been able to amass over 10,000 reviews and 320,000 users in the last few years. The time is now for us to pin our ears back and build something that fully services renters all across America and allows for us to create a stronger voice for just, fair, and quality living."
WYL will utilize the capital in the following ways:
Message from WYL CEO: "Thanks to the Obama Administration and the changes to the JOBS Act in spring 2015, anyone can now invest in companies. Investing is no longer reserved for the fat cat with deep pockets. And, companies are no longer reliant on accredited investors – folks making $200,000 annually and/or having assets worth $1M+.
This is the perfect opportunity for millennials, communities of color, and for people with new money to get their toes wet in the investment game. As opposed to waiting until you have some crazy depth to your wallet, putting your $25,000 bet on one company, and then watching it go up in flames – invest and support companies with micro investments like $500, $1k, or $5k. Learn the language. Learn how to vet entrepreneurs. Learn how to let your money make you more money.
We need to be the future we want to see. So, instead of us waiting around for established investors to get a product many of them will never have to use, we figured it made the most sense to go right to the people.
The reality is, the American Dream is dead. Economic disparity is blatant. And, millennials aren't owning homes at the same rate as their parents. If the dream has been diminished, let's work together to ensure that what's left of it doesn't ignite in flames. The way you do that is by Investing in a company that's looking to inform, embolden, and build your community. The way you do that is by investing in WhoseYourLandlord."
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About WYL: WhoseYourLandlord became a corporation based in Brooklyn, NY and Philadelphia, PA on April 7, 2015. Prior to that, it was in its infancy stages growing to provide quality living to its user base. Today, WYL is empowering and informing the millennial renter through neighborhood insights, landlord reviews, community-driven content, and access to quality listings.