Sean Mitchell

9 statements across 1 episodes · 3 bullish · 0 bearish · 1 people on the record · first statement May 4, 2018 by Sean Mitchell · across every show →

On the record as a speaker too: Sean Mitchell's record, appearances and statements → this page counts the times other people say the name.

Everything said about Sean Mitchell, oldest first

May 4, 2018 bullish
Prediction Not checkable as stated
Mitchell: Renters increasingly demand frictionless, Amazon-style apartment leasing experiences
“More and more tenants are going to, they don't want to feel like they're applying for a mortgage to lease an apartment. They, you know, the same experience that they have with, you know, buying something on Amazon is the same experience that they want to have …”
Sean Mitchell May 4, 2018 ▶ 34:44 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
May 4, 2018
Insight
Mitchell: The highest stress of founding is risking your early employees' livelihoods
“The most stressful thing is that you're putting other people's livelihood address, that if your, you know, concepts and ideas fail, like, it's not just gonna impact you, it's gonna impact them. And, you know, these are people who, you know, you likely are very…”
Sean Mitchell May 4, 2018 ▶ 56:16 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
May 4, 2018 positive
Insight
Mitchell: Solving operational friction for landlords ultimately yields lower rent for tenants
“The interesting thing about it is that if you are able to solve the problem on the landlord side, that, that the, you know, the benefits really accrue to tenants, right? If landlords have lower friction, if they have lower risk, if they are happier with their …”
Sean Mitchell May 4, 2018 ▶ 29:36 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
May 4, 2018 neutral
Assertion Not checkable as stated
Mitchell: Every single landlord Rezi has ever engaged with negotiates on pricing
“Well, I mean, we say, you know, I mean, there's no landlord that we've ever engaged with that doesn't negotiate. They always want to.”
Sean Mitchell May 4, 2018 ▶ 26:13 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
May 4, 2018 neutral
Assertion Supported
Mitchell: Saturated new development in New York City drives up rental concessions
“New York, In particular is very interesting because of the saturation of new development. Has forced a meaningful increase in the concessions that landlords have to offer in order to get their units leased.”
Sean Mitchell May 4, 2018 ▶ 39:00 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
May 4, 2018
Insight
Mitchell: Onboarding mom-and-pop landlords requires human engagement due to emotional property attachments
“If you really want to work with a landlord and want to get ah, get them comfortable, you got to talk to them. That there's not a scenario where you're not gonna going to engage with this person. Like, you know, this is particularly if it's a mom and pop landlo…”
Sean Mitchell May 4, 2018 ▶ 32:16 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
May 4, 2018 positive
Disclosure
Mitchell: Rezi uses structured debt rather than venture equity to fund receivables
“When we went to our VCs, we said, you know, pretty clearly we're, our intent is not to use the majority of the capital that we raise from you for funding these receivables. Our intent is to you know, create this financing solution that allows us to do it.”
Sean Mitchell May 4, 2018 ▶ 23:04 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
May 4, 2018 neutral
Assertion Partly supported
Mitchell: Consumer receivable investors typically target cash flow returns above 15 percent
“Investors in consumer receivables tend to like to earn something in the ballpark of mid-teens or greater. Yeah. Into the twenties returns on their on their cash flows.”
Sean Mitchell May 4, 2018 ▶ 20:13 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
May 4, 2018
Disclosure
Mitchell: Rezi risked 40% of its available capital on its first deal
“The first transaction we did, I pulled my other two co-founders aside and I said, Yeah, I'm gonna probably use 40% of the money we have on this one deal. And it's like, if this doesn't work yeah guys, I don't know. I really did. That's what I told him.”
Sean Mitchell May 4, 2018 ▶ 5:13 Helping Landlords Find Tenants – Sean Mitchell of Rezi · Y Combinator
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