Perserbid

Early Stage

Connecting Homeowners With Local Contractors

Overview

Raised to Date: Raised: $4,200

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/05/2017

Close Date

12/04/2017

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$500

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$10,000,000

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

11/30/2017

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$70

# of Investors

4

Momentum
Not Funded
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Year Founded

2017

Industry

Real Estate & Construction

Tech Sector

Location

Johnson CIty, Tennessee

Remodeling a room or looking for home improvement solutions can often start to feel like a second job. Between researching contractors, comparing prices, looking up reviews, and explaining your ideas, keeping that guest bathroom just the way it was starts to sound pretty good.

Enter Perserbid. Not quite an Angie’s List, not quite a HomeAdvisor, Perserbid aims to help service providers connect to customers in Northeast Tennessee more efficiently and effectively. They’re a one stop shop throughout the whole process. Here’s how it works: First, you post your desired project. Then, contractors bid on that project, and Perserbid collects the bids for you to review. Once you choose a contractor, you put the funds for the project into an escrow protected by Perserbid. That way, the contractor knows the funds are there, but you know they’re protected until the job is complete. Once the project is finished, the funds are released, and you get to review the contractor. Everything you could ask for in a one place!

Home remodeling is a $300B industry, and conditions have increased steadily at 8.7% in the past year. CEO and founder of Perserbid, Edwin Williams, created the company after his own frustration with remodeling his mother’s house. He’s no newbie to the startup world, as he is also the co-founder of Startup Tri-Cities, another Northeast Tennessee entrepreneurial enterprise. As of mid-October, Perserbid has already raised $5,700 of its minimum $10,000 goal with just four investors. At a $500 investment minimum, that means those investors think this company is worth their money. However, it’s also just four investors so far. Hmmm…

So is Perserbid worth your bid? Well, it might be if you’re in the company’s Northeast Tennessee area. But with no clear plans or goals to expand outside of there, Angie’s List and HomeAdvisor might do the trick just fine.
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Perserbid on StartEngine
Platform: StartEngine
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $1.00

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Warning: according to the close date for this deal, Perserbid may no longer be accepting investments.

Perserbid Deal Report

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  • Scores on the founding team and key personnel's background and expertise

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