Co-founded by Aaron McDaniel and Wen We, the company is based in San Francisco. It allows people with a small budget to invest in flipping houses. Users can pick their property, mostly in the San Francisco area, on the company’s website and click to make a deal. Then, after a rep contacts them in the next day, they have secured a deal with the limited liability corporation that owns the property.
In the clip above, which ABC aired as a sneak peek, we see McDaniel, the CEO, passionately pitching to the sharks. He asked for $50,000 for five percent of the company.
After he stated that his business will “change real estate investing forever” by letting anyone invest for just $1,000 dollars, Mark Cuban said, “I hate it; I’m out.” Kevin O’Leary added, “I smell jail time.”
Here are the rest of the companies featured on the episode: