“We walk a fine line,” says Nussenbaum, who received venture funding from finance giant UBS. “Big banks are huge financial supporters of VFA.”
"Unsurprisingly, VFA’s unwieldy, 133-member board is chock full of venture capitalists and investment bankers."
WTF? 133-member board?
"A PayPal for landlords wouldn’t cut it. So last fall Castle pivoted from a standalone app into a full-fledged property management service for real estate owners. For a monthly $79 per unit, Castle now makes repairs, screens tenants, balances the books—even handles evictions. “We already have a deal worked out with an eviction lawyer for a preferential rate,” Nussenbaum tells me.""
...
"“The majority of our labor force will be this on-demand workforce, not directly employed by Castle,” he says. "
"Take Silicon Valley, the epicenter of the startup economy. According to University of California–Davis economist Chris Benner, Silicon Valley’s net job creation since 1998 is essentially nil. Though the average tech worker’s salary tops $100,000, nearly a third of the Valley’s working population subsists on less than $16 an hour. Gini inequality measures put the region on par with Rwanda."
Error at top of http://web.archive.org/web/20150809015937/http://ventureforamerica.org/