3.6 software companies

[gorillakimchi]

If you knew how much debt these new tech startup companies were in, you’d be shocked that the fee isn’t higher.

Not sure what the business plan is, but I don’t know how you get rich when there’s less than 50,000 people buying your product and that’s probably going to be split three or four ways.

Whether a company spent $100,000 or $10 million developing a product is largely irrelevant to the customer. Consumers don't buy products based on the developer's cost basis. They buy them based on the value received relative to the price paid.

If a restaurant owner spends $2 million building a McDonald's franchise, customers don't pay $30 for a Big Mac out of sympathy for the investment. They decide whether the burger is worth the asking price.

The same applies here. The question isn't how much debt Aivre has or how much it cost to build. The question is whether the software provides enough value to justify its pricing compared to existing alternatives.

 

[gorillakimchi]

The owner stated that he built the AI appraisal assistant and iPad app for his family's appraisal business. He has one coder who helped with the 3.6 and Android app. I figure he will pump up the company, then cash out and sell it to AlaMode.

Exactly

 

[Zoe]

I don't know how many updates alamode does in a year, but I will phrase it as "many". They will pop up when you are working on something. I haven't lost any data from them and I always stop and let it update and go back in and start working again.

 

[Tom D]

You know you can always update it after you are done with the appraisal. Just hit the update button at the top.

 

[chad hampton]

I guarantee you they are backed by private equity

 

[Zoe]

You know you can always update it after you are done with the appraisal. Just hit the update button at the top.

It doesn't bother me much to go ahead in case of a bug. It don't take long to update. They have some let's say groups of appraisers in an organization that give them feedback, so they are not babying me. Most of the updates they do are relative to feedback they get from big players.

 

[TerryRohrer]

Aivre relies on restb.AI, which was just purchased by Clear Capital. At some point, I expect Clear Capital will acquire Aivre. At some later point, Clear Capital will likely become a target for Cotality/CoreLogic, which pretty much owns the data pipeline.

"Clear Capital owns a suite of AI-driven appraisal and property valuation technologies. Key proprietary solutions include ClearAVM, an automated valuation model; AURA, an AI-driven collateral analyzer; and CubiCasa, an automated floor plan technology. [1, 2, 3, 4]"

"Aivre, the AI-powered home appraisal platform, is financially backed by Draper Goren Blockchain (DGB), a prominent early-stage venture capital"

 

[Zoe]

I guarantee you they are backed by private equity

Idk, but they probably get some real nice fees from big players. If another crash, US govt may own them too along with rest and Artificial Intelligence.