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2nd Address

From EverybodyWiki Bios & Wiki

2ndAddress
Type of businessPrivate
Founded2014; 10 years ago (2014)
Headquarters
San Francisco, California
,
United States
Key peopleChung-Man Tam, CEO

David Adams, Founder & Board Member

Wayne Chan, VP Engineering
IndustryReal Estate
Website2ndaddress.com

2nd Address is an online marketplace specializing in monthly furnished rentals and corporate housing. Founded in 2014 in Palo Alto, California, 2nd Address' online platform officially launched in January 2015.[1] 2ndAddress brokers furnished rentals in San Francisco, Los Angeles, New York City, Chicago, Boston, Seattle, and Washington, D.C.[2]

2nd Address moved their operations to San Francisco, California, at the outset of 2016.[3]

History[edit]

Following a period of bootstrapped testing in 2014, founder and former CEO David Adams officially launched HomeSuite in January 2015 while also working on completing his MBA at the Stanford Graduate School of Business. [4] Initially serving the San Francisco Bay Area, the company expanded to Los Angeles in July 2015.[5] In June 2015, HomeSuite raised 2.3 Million seed funding from Battery Ventures and Bessemer Venture Partners and, subsequent to that, $10M in August 2015 from Foundation Capital. [6] After successfully expanding to Los Angeles, HomeSuite announced plans to expand to the East Coast, and on September 8, 2015, HomeSuite launched in New York City.[7]

HomeSuite continued its growth in the East Coast by expanding to Washington D.C. on January 18, 2016.[8] Shortly afterwards, HomeSuite expanded their operations to the Midwest by launching in Chicago on February 23, 2016.[9] In April 2016, HomeSuite expanded to Boston.[10]. On November 15, 2017, HomeSuite rebranded as 2nd Address. [11].

Corporate Information[edit]

2nd Address specializes in monthly furnished rentals and corporate housing with a curated and comprehensive list of furnished studios, apartments, condos, and single-family homes. As a licensed broker, 2nd Address operates between tenants and landlords and does not own any property.[12] To ensure product quality featured on the platform, 2nd Address interviews landlords to vet each unit prior to rental.[13]

Unlike other rental platforms like Airbnb, Craigslist, and HomeAway, 2nd Address is a licensed broker specializing in month-to-month furnished rentals and corporate housing in the real estate market, instead of vacation rentals. 2nd Address services provide a solution to people in need of a temporary furnished home.[14] As a result, 2nd Address has served customers in all different situations - interns, undergraduate and postgraduate students, homeowners awaiting remodeling, travel nurses, and business executives, among others.[15]

See also[edit]

References[edit]

  1. ↑ Russell, Kyle (11 June 2015). "HomeSuite Raises $2.3M to Provide Corporate Housing a Quarter at a Time". TechCrunch. Retrieved 5 January 2016.
  2. ↑ "Cities". HomeSuite. Retrieved 5 March 2016.
  3. ↑ "HomeSuite". Facebook. Retrieved 1 March 2016.
  4. ↑ Russell, Kyle (11 June 2015). "HomeSuite Raises $2.3M to Provide Corporate Housing a Quarter at a Time". TechCrunch. Retrieved 5 January 2016.
  5. ↑ Dave, Paresh (19 October 2015). "Venture capital investments hit $16.5 billion in quarter despite worrying trends". Los Angeles Times. Retrieved 19 February 2016.
  6. ↑ 2nd Address
  7. ↑ "Furnished Apartments In New York City Are Here!". HomeSuite. 28 September 2015. Retrieved 5 March 2016.
  8. ↑ "Washington D.C. Launch". HomeSuite. 18 January 2016. Retrieved 27 January 2016.
  9. ↑ "Chicago Launch". HomeSuite. 23 February 2016. Retrieved 27 January 2016.
  10. ↑ "HomeSuite Launches in Boston | Business Wire". www.businesswire.com. Retrieved 2016-07-05.
  11. ↑ HomeSuite Announces Rebrand
  12. ↑ Carson, Biz (11 June 2015). "Why this startup thinks it can take on Craigslist and Airbnb". Business Insider. Retrieved 5 January 2016.
  13. ↑ Kokalitcheva, Kia (17 June 2015). "This Apartment Rental Startup Can Help (or Hurt) San Francisco Housing". Fortune Magazine. Retrieved 4 February 2016.
  14. ↑ Agrawal, AJ (22 October 2015). "Housing: The Next On-Demand Market". Inc. Retrieved 5 January 2016.
  15. ↑ Sommerville, Heather (29 May 2015). "Palo Alto startup HomeSuite aims to overhaul rental market". San Jose Mercury News. Retrieved 19 February 2016.


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