Two entrepreneurs and a dilemma
What happens when a Silicon Valley entrepreneur meets a Norfolk paramedic who has been burned by estate agents?
A local Norfolk paramedic named Ollie had a problem. He needed to rent his property for six months, but wasn't willing to endure another bad experience with estate agents.
A Silicon Valley guide
Ollie's friend John had just concluded a career in Silicon Valley where Airbnb was founded. Listing his property on Airbnb seemed like an obvious solution to Ollie's problem. The only problem was that no one in Norwich was offering to manage properties on platforms like Airbnb and Booking.com.
John and Ollie, who both run other businesses, realized the market opportunity: With over 330 Airbnb properties in Norwich and no professional managing agents, something had to be done...
So they decided to do it themselves to see if there was a viable business model. Within 13 days of listing the property, it was booked solidly for 90 consecutive days.