StorStar

Looking to raise $500K to develop software platform

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StorStar will create a decentralized application for use on smart devices that connects users for the purpose of renting/using tangible real property for self storage. There is no large-scale adoption or use of this type of application currently, for the self-storage business or for individual users. There are several iterations of related industries taking advantage of decentralized apps empowering users to capture revenue related to their real estate: VRBO & AirBnB, are similar concepts but directly related to the overnight occupancy of that real estate holding. StorStar aims to be the disruptor of self-storage, both for independent non-enterprise users and also for enterprise holders i.e. large scale self storage chains.
The national self storage market was valued at USD 39.5 billion in 2020 and is expected to reach a value of USD 64.71 billion by 2026, registering a CAGR of 5.45% over the forecast period, 2021-2026. The growth in this industry is expected to be positive during the forecast period, following to the trends of increased urbanization and improved economic outlook across regions. 

We are currently a team of three, myself along with a business development coordinator, and a software engineer.

The company is formed as an LLC in Delaware. 20 membership shares are being offered at $25,000 each. In this round 25% of the company will be sold to initial seed investors giving StorStar valuation of $2-million.

I have a document that may be shared with serious inquiries. It contains extensive market research, business predictions, timelines and costs as well as insights related to the development and deployment of StorStar; a decentralized self-storage application. 

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