The private network that launched in LIC a year ago with the goal to become the trusted peer-to-peer trade platform for the neighborhood, is now available for every building and person living in Hunters Point or Court Square!
There are already 1300+ verified members in LIC – exchanging, buying, and selling goods and services; discussing local issues, organizing events, etc. Previously, only residents from a predefined list of buildings were able to join, but due to an increasing interest from smaller buildings and major improvements in user verification methodology, Tenant King now welcomes residents from all the high-rises, walk-ups, and townhouses alike. The growing numbers will further facilitate the local peer-to-peer commerce potential of Tenant King.
Residents living within the highlighted boundaries can join Tenant King.
TK is also working on raising more capital and getting ready to launch a new version of their platform.
As our business has been funded by angel investments so far, we feel we are now ready to bring in an institutional investor to help us not only with capital, but also with their expertise to guide us in this rapid growth phase. We have had several promising meetings with early stage VCs and seed capital firms in the past couple of weeks and have several other meetings lined up. These are interesting times for us and we are learning a lot through the process and the feedback we are getting.
On the product development side we are excited to be launching version 2.0 of our user interface by the beginning of May. This update will make the site more intuitive for the users and is largely based on the feedback we received from them.
For the past couple of weeks we have been meeting and video interviewing our most active users to share their success stories on camera. We started the “User Stories” project in Long Island City. Janet below explains how she found a great deal of trust on Tenant King and founded a local book club: