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Welcome to Episode 5 of The Room Xchange. The platform that’s changing the way we live. Did you know that we’ve got a housing crisis, not only in major capital cities across Australia, but also worldwide. Millennials have inherited the high cost of living, yet their income hasn’t increased to match it. Households are far more stressed than ever before because they have to work so hard to maintain their lifestyle. However, according to finder.com there are 7 million homes with a spare room in Australia, and that’s where The Room Xchange comes in. The Room Xchange is an online marketplace that connects busy people who have a spare room, with guests who are willing to give a couple of hours around the house each day, in exchange for food and accommodation. It’s taking the sharing economy to a whole new level. Connecting people who want more out of life, with the resources that already exist. It’s a win-win for all.
Hi, I’m your host Annemarie Cross, and today we’re going to be talking to CEO, and Founder of The Room Xchange, Ludwina Dautovic. And Ludwina’s going to tell us more about her new business venture which is entering the sharing economy, which is the fastest growing economy in the world, and expected to reach 335 billion dollars by 2025 in the U.S. alone. So, let’s welcome Ludwina.
So the housing crisis here in Australia, and even the world is extremely worrying, isn’t it?
Ludwina: Yeah, we absolutely do have a housing crisis worldwide, and it’s unfortunate but, you know, what’s happened is that our younger generations have inherited the high cost of living through the inflation of housing prices. You know, if you look at back when, I’m 50, but back when I was sort of in my, you know, late teens, early 20’s, when I was living independently, the amount of money that I was earning was enough to give me a decent lifestyle and cover my cost of living, and have money left over. But now, that’s just not the case. The gap is getting much bigger. And of course, with the high cost of living as well, then also comes extra stress that’s on homeowners to be able to maintain their lifestyle. So, you know, that’s just one major issue that The Room Xchange is presenting, but that’s definitely a key one.
Anne-Marie: The Room Xchange is part of what we call the sharing economy. Now I know many people are aware of what that term is, but for those who may not have been so familiar, what is the sharing economy?
Ludwina: The sharing economy essentially is utilizing existing resources, as opposed to recreating them all over again. So, if you look at, you know, in context of The Room Xchange, we have a bedroom. A spare room in the house. That’s a resource. And it’s also a cost center to the homeowner. So, if you look at, you know, how you can kind of utilize that room, instead of somebody going out and setting up an apartment, and instead of buying their own furniture, and goes into a shared house with somebody, then purchasing those resources to live somewhere else, they can utilize the resources that already exist, which is the house that’s already furnished, the bedroom that’s there for them. So, that’s essentially the nature of it. So..and worldwide, it’s a phenomenon. Looking at, you know, assets that already exist. We have, everyone’s familiar with Air BnB, for example, but that’s more for money exchanging for the room. But, I think they’re pretty much been the forerunner in terms of..and thankfully, they’re kind of like the big brother that’s been out there and paid for their market to really understand what the sharing economy is all about, to the point that I don’t need to, you know, be educating people in that way. Uber – I think Uber is a really good example of the sharing economy model. In that, you know, people that already own a car can go out and utilize that car to create an income to..they’re sharing a tool that’s there. But, I think that, you know, there’s others that sort of even do it with the sharing economy even better, but the way that the market is heading, I think it’s really being steered by the younger generations because they’ve seen the devastation environmentally, in terms of their parent’s generation. How, you know, consumerism, what that has really done, not just to the environment but also to us as people. They’ve seen their parents work, you know, 30, 40 years at a job that they probably weren’t that happy at to pay for the great Australian dream, or whichever country you’re in, of owning your own home. And they’re really not that interested in owning a home, or in owning a car. They’re much more interested in looking at what already exists, and then utilizing those resources. And then they get connected through a peer to peer platform, and that peer to peer platform might take a fee to utilize that to meet and connect. But, essentially, that’s the sharing economy. And it is a burgeoning economy. The future value of this, that they’re predicting is massive.
Anne-Marie: It is. As I said in the introduction, and we’ve mentioned across some of the other episodes in this series, a 335 billion. That’s what is expected to reach by 2025, and that’s in the U.S. alone. And as we know, here in Australia, this housing crisis, the high cost, there are individuals, and we’ll talk a little bit more about the people who are perspectively going to be using The Room Xchange as well. So, let’s just share with people, how The Room Xchange came about. ‘Cause at the moment, you have self-funded The Room Xchange because you believe in it so much, and as we’ve said that it’s an increasingly growing economy here. But, how did The Room Xchange come about?
Ludwina: Well, my husband and I have been living like this for four years, and it had a very organic beginning. It was just, you know, some young adults that we knew who wanted to, you know, through family and friends, whatever, wanted to come and stay with us, and then that sort of, you know, ended up staying for a few weeks had turned into a little bit longer.
I had this value, always with my kids, raising them, or anyone that comes into my life that might need something, I’d much rather give them a hand up, then a hand out. I also want them to feel comfortable when they’re here. That they can just open up the fridge and, you know, make a sandwich, or have whatever it is that they like. But they would only do that if they feel they’ve contributed in some way, and generally the form of contribution would be in paying to stay. But, for me, I didn’t want to do that, but I wanted them to feel comfortable. So, I thought, well if they give me a couple of hours a day to help me around the house, then I’ll feed you and house you, how does that sound? And it sort of, as I said, it organically began when we got to about the third person that we had without arrangement. She was a woman from Spain. She was with us for 3 months. It really started to solidify in terms of, you know, I understood about managing expectations on both sides. Helping her as much as possible so that she can get herself set up really well in Australia. She was here on a working visa. You know, we actually helped her with her resume, and things like that, to get work. She felt really part of our household, and felt really supported, and knew that she had this sort of soft place to fall while she was working really hard to set herself up. And so after 3 months, she ended up with two jobs, and then moved into an apartment in the city, and that was wonderful for her to not have that pressure, or stress of, you know, having to have the money to support herself first. But, then also, she had the comfort of people from Australia, from the town that she was in to be able to help guide her. Then we have Guillaume, and he’s been with us for 18 months. He’s French Canadian. He’s actually leaving tomorrow to go back home, which is sad. But he’s become very much a part of our family unit. With him came a conversation between my husband and I, where, you know, so many people were telling us it was such a great idea, that we had a conversation around that, and we realized that it did have the potential to become a global company, and that we had the resources in terms of our skill set, to do it. So, we decided that I’d be the CEO, Founder because of my experience, you know, over 20 years in, you know, media, and marketing, digital, online etc. And also my business experience. And then we re-mortgaged the house and funded, which was about 10 months ago that we started that process, and now we’ve just launched last week, and we’re in the middle of raising capital.
Anne-Marie: The exposure that you’ve created shows that there are so much interest from so many different parties. You’ve even mentioned government and so forth, are now in conversation with you too. Before we dive into sharing a little bit more about who’s involved, you know, like the hosts and the guests and speaking a bit more about that. Just share the exposure that you have got, because people are just so interested in learning more about The Room Xchange.
Ludwina: Yeah, it’s been pretty amazing. The PR that we’ve got is actually been easy to get. It’s not been difficult at all, and the reason that we believe that is because we’ve come into existence at absolutely the perfect time. And the reason for that is there’s a lot of a social economic issue that by default The Room Xchange is addressing. So, you know, you hear a lot in the media at the moment about the housing crisis, and, you know, the ridiculous cost of living, and how there’s a shortage in available affordable housing. So, obviously we’re addressing that, so the media is very interested in what we’re doing as being a potential one of, you know, many solutions for that problem. And then of course, as you mentioned, the government, we are actually in conversations with about 3 or 4 people in various different departments of government who, because they can see that this could be a support for them. ‘Cause it’s a massive headache for them right now, coming up with solutions. You know, we see again, you know, in the media about these poor elderly people who’s houses are getting broken into, and they’re getting beaten and robbed, and it’s like, well that’s because they’re so routine and they live there by themselves. But, you can imagine how much better their life would be if they had somebody there on an exchange with them. You know, household stress, and work life balance, and student housing is a big issue. So, just because of that, the media has just loved The Room Xchange, and we’ve gained so much exposure, we’ve had media and all of the major newspapers, offline, and online. The CO magazine just recently did a feature on our company. Startup Smart, you know, Travel Weekly, the Age is coming up. There are a number of media opportunities that we have, and in fact, we have a number of television media that have been waiting for us to officially launch, as in creating exchanges so that they can actually do more stories. So, the fact that the media has, you know, is loving us, makes it very easy for us to create partnerships, to get exposure, and the value that that has given us as a company is just phenomenal.
Anne-Marie: Oh, absolutely, and I know, any business to get media exposure is something that they all are looking for, and often it’s very difficult. So, the fact that you said that there are real needs out there, you know, nationally here in Australia, and globally ofcourse, or you know, all over the world, they’re really feeling the stress, the pressure of everything that you have spoken about today. And the media just wants to know more, which ofcourse gives the business in it’s entirety, such great exposure as well. Share a little bit more then, about how The Room Xchange works. Talk a little bit more about the host, the guest, and the process.
Ludwina: Well, a host essentially is, I know, a person, a household couple in a home that has an empty spare bedroom, who is willing to exchange that space, that resource, with somebody who wants to reduce the cost of living. So, we have, essentially broken down our sort of, keepers owners in terms of who our target host are, and they include empty nesters, that’s a pretty obvious one. You know, the adult children have grown up, left home, they still want to keep the family home but have this space there. Possibly a big garden to maintain, perhaps to look after. Perhaps they’re wanting to start to sort of go and do a bit more travelling and have that security knowing that somebody is there. But I think they also, they love having the image of having people around. They might miss that. Families is a key one. The incredible high cost of childcare is so prohibitive, you know, we hear stories of, you know, women going working full time and they put their kids in childcare, and then, you know, lucky if they have a $100 in their pocket at the end of the week. Whereas, with, you know, having an Xchanger using that spare room that you’ve got, they could come and possibly, you know, help look after the kids after, you know, after school pick up time or, you know, even just helping you Monday to Friday with that busy sort of evening time, and helping the children, and then you know, catching up on the cleaning that you usually do on the weekend. Giving you sort of, more time with your partner, and with your kids. And then we’ve got busy professionals. They could be singles, or couples who spend all of their waking hours pretty much working to pay for their, you know, established lifestyle. They probably don’t have very little time, or energy to spend, you know, on their own home, let alone cook a decent meal most days, or running errands, or just even having personal time. So, that’s who we see as the key host. And in terms of the guest, we see them as travellers. Whether they’re international travellers, or local travellers around Australia. But, just clarify at this point that this is a mid to long-term accommodation solution. It’s not short term; so it’s probably say, you know, people who are on working visa holidays from overseas are ideal. They could sort of stay in one city for a month at a time and rotate around, or stay at one place longer if they wanted to. Independent youth. They would be young people looking to leave home, but you know, need a more affordable solution from what’s available. They could also be students, whether they’re international uni students, or local uni students. Again, the student housing is a massive issue. And then we have new starters. These are people who have, maybe been, you know, finished their studies, they’re starting a new career or maybe they’ve had a particular career for a long time and now ready to start the next chapter in their lives. Perhaps they’ve got an entrepreneurial streak of their own that, you know, might not have the financial backing to be able to do it, and still live independently. There’s lots of, sort of groups within this particular area who, you know, maybe it’s somebody who wants to go write a book, you know, just needs that time to go and sit somewhere and be able to do that. So, there’s a lot of opportunities within that group. There’s. Well, there’s, you know, lifestyle entrepreneurs. There’s a big group in terms of, search online and we see these that will fall into the new starters. The people, who, you know, can live anywhere in the world with their laptop and knowing travel will lead that way. They’re our key, you know, host and guest that we see.
Anne-Marie: Yeah, and one of the things as you’re, you know, you’re explaining about, you know, having young families, and the Xchange person. The guest, maybe they’re unable to look after some of the children. Just explain a little bit how the process works in that when a guest puts in, or fills in their form and provides the requirements, and what they’re willing to do and so forth, and the host as well. And what you guys do is, you match the host to the guests needs and so forth. Share a little bit more about how that works.
Ludwina: Building your profile is pretty important. Putting as much information in there as you can. There’s three sections. There’s basic personal information, then we have the second section, which is the preferences. So, tell us about yourself, what you prefer, in terms of being a host and a guest. And then the third section is verification and security. And we request that all of our users have a police check. We partner with CV check so that, you know, people can actually get a police check right within their member area there. So, through that process we can see who you are, what your values are, what you prefer, what region you want to live in etc. The kind of work that you’re willing to do. And the opposite of that, with the host, with what they require to have done. Where the house is, what the household is made up of, what the personality of their household is, you know, if they’re rather conservative, or if they’re a little bit more gregarious, like our household is, you know. It’s important that people know those things. And then through that, then we can have a look at what those profiles are, and then say, ‘ok, I think this person would be a good match with that one’. And then we help to create that match.
Anne-Marie: And why I asked you to share that, was because when you’ve had the young guests that have come and stayed with you, you’ve said that it really has impacted positively on your life, in that you were no longer having to do a lot of the running around, household chores. And really were able to focus on the things that you loved to do, which was cooking. Share a bit more about that, ‘cause I think this is really where the whole concept of The Room Xchange, and why it is so successful.
Ludwina: Yeah, so you know, I’ve always worked from home. I’ve had my own businesses. My husband has his office upstairs. You know, and like most people, we work, you know, pretty long hours and we’re just finding that, you know, the house wasn’t in the condition that we would of liked it to have been all the time. Or we were just staying up really late, sort of catching up, you know, and that’s quite typical of most people when they come home from work. By the time they, you know, they’ve sort of picked up the groceries, the kids cooked in and cleaned up. You’ve only done a couple of loads of laundry, and you know, a bit of tidying up, getting ready for the next day, it could be 10 or 11 o’clock before you sort of fall on the couch. You know, we saw that as a massive benefit to having somebody here to do that. So, what an evening looks like for us is that I’m cooking dinner because I’m the foodie in the house. But, while I’m cooking dinner, my Xchange is running around behind me cleaning up, or helping me prepare. By the time we sit down and eat, the kitchens already clean, and then we’ve just got to put a couple of dishes in the dishwasher. That’s where my evening finishes. It doesn’t then continue with having to do more housework, and other things that you need to maintain the household. And then, I’m not spending all day Saturday, or all day Sunday doing the grocery shopping, catching up on the, you know, doing the floors in the bathrooms etc, which we usually do, because my exchange has done that.
And Guillaume, who’s our current one, you know, he’s just so grateful for the opportunity that his attitude around what it is that he does, and we’ve found this with everyone, they’re so grateful for what they get in return for what they give, that we have never had a problem. You know, not just saying that that’s never been the case. And occasionally I’ll have to sort of remind them, you know, ‘hey, I’m doing housework today, which means somebody’s not’. You know, and it’s just kind of like, ‘oh, ok sorry’, you know. But, there’s not ever been an issue where it’s become something that we’ve had to put aside, because the exchange is fair on both ends. You know, like what we’re giving, and what you’re receiving is of great value on both sides.
Anne-Marie: Yeah, and I remember you were sharing a story on one of the other episodes about one of the other young girls that you had staying with you, that not only were both of you, you know, supporting one another, but she had incredible emotional, and personal support to the point where you were able to help her even get employment too, yes?
Ludwina: Yeah, when she was filling out her resume, or creating her resume for Australia, and she was wanting to get work in the hospitality industry. And one of the things that I noticed was that she spoke two languages, Catalan and Spanish, but she hadn’t put that on her resume, and I said, ‘listen, put that on the top of your resume, and then put a photo of yourself, and format your resume like this’. I just gave her a few tips on how to reformat her resume. And then within a couple of weeks, she got a job in a Spanish restaurant in Docklands here in Melbourne. And, you know, and that was obviously the fact that she spoke Spanish and Catalan was an advantage, and she also worked in the hotel industry back home. You know, and so that worked very, very well in her favor. And then just before she left, three months passed and she ended up getting a second job. So, she ended up with two jobs, and she was studying, and she was able to, you know, get herself set up, you know, really comfortably, and confidently in a brand new country. She literally got off the plane, and arrived at our house, and she’s never been to Australia before. So, all of the things that, you know, she needed to learn, like you know, just the general cost of things, to public transport, to getting work, to understanding, you know, Australian nuances, and you know, our behaviours and things like that. Then she, you know, she was really able to understand and get that very quickly, and also feel safe and secure, with a beautiful comfortable room, queen sized bed, TV up there. You know, she shared the bathroom with my daughter. Like, she had this beautiful comfort, as opposed to the opposite of that, would of been at backpackers, you know, where she would of had to share a room, not have privacy, not have security for her stuff, and just kind of have to figure it out for herself, and pay for it.
Anne-Marie: I know as a parent who has a child who is going, you know, internationally, or even needs to relocate because of school, university, or even in some instances, for work. For me as a parent, to know that they’re staying with a host who has similar values to our family, and someone, such as yourself, who was there to really support them is such a relieve. So I can see from so many different angles, no matter where you are or from what walks of life, that there are people who would just appreciate the values in what The Room Xchange stands for. Ludwina, you’ve mentioned a couple of names already, about other companies who are working in the sharing economy industry already. Just to share a little bit about the unique positioning of The Room Xchange, because The Room Xchange is unlike any other business that I’ve heard about. So, share a little bit more about the unique positioning please.
Ludwina: Yeah, well apart from, you know how we shared the, you know, the host and the guest is, and what they both get in exchange for it there, you know, sometimes people sort of compare us to Air BnB. We’re not Air BnB at all. Although, you know, we might have some of the hosts that may have been an Air BnB host. I certainly have before. I did it for a year. But, the exchange is time, the exchange isn’t money. That’s a very clear differentiate, and also we’re into long term accommodation, not short term like Air BnB. So, in terms of that, also quite different to account surfing, although we do get compared to them as well, you know, we’re offering a room in a middle class house. That’s our target market for hosts. We believe that’s a sweet spot because of the fact that the, you know, the high cost of maintaining that house, whether it’s mortgaged in utilities etc requires them to work so much, so that’s where we feel our sweet spot is. So, you know, and as I said, we’re into long-term accommodation ‘cause it’s something that’s an ongoing partnership, relationship, in that sense. We have a very low barrier to entry, which we love in terms of our concept. At the moment, to the first one hundred hosts, and the first one hundred guests who sign up, or create profiles, and start exchanging with us, they’ll get to use our platform for free in 2017. But, the ongoing payment is just $2 per day, per user. So, if the host has a, perhaps an exchange for 3 months with a guest, then the host pays, oh here we go, math’s, 30, 60, 90 x $280, and then their guest has $180 as well. But, essentially if you look at it for 12 months, less than $800, a host gets to have a live-in support person, and for less than $800 a guest can live rent and food free. So, it’s a fantastic deal, and again because it’s a, you know, it’s just a pay per use model, it’s a very reliable entry. We also have a $10 million insurance coverage for all of our users, which is very unique because a lot of organizations in the sharing economy don’t have suitable insurance for their users, and when I started The Room Xchange I made a vow that unless I could get appropriate coverage for both hosts and guests, that I would not continue with that, and I’m pleased to say that we’ve managed to secure that. So, I’m very, very happy about that. And you know, so our users can feel safe and secure, and again with our partnership with CV check, and requiring a police check for all of our users, which is, it’s like less than $45 to get a police check. And again that adds that extra layer of comfort and security, particularly if people are going to be working with your children. You know, again, what’s unique about it was solving a number of socio-economic issues that we mentioned, housing shortage, high cost of living, aging population, student housing, work life balance, household stress, you know, the lack of human connection, or connection that we have with people outside of our own immediate household, and the environmental footprint. You know, the actual, in terms of duplicating The Room Xchange on a global scale, ‘cause right now we’re, we’ve just launched in Melbourne, we’re going to be launching nationally within a couple of months, and then globally about half way through this year. The actual cost to duplicate that, and to expand internationally is minimal because of the fact that it’s all-online. So, you know, there’s a number of really great assets to The Room Xchange in terms of how we’re unique, and how we’re going to be able to expand with that. And you know, and essentially we’re..you know, our platform can have a significant, positive impact, you know, on scarce community based sort of home help in a formal housing resources. Like, it’s just, you know just by–
Anne-Marie: It’s a win-win just for all parties isn’t it?
Ludwina: Absolutely! Yeah, absolutely.
Anne-Marie: Yeah, and I love the way that you have shared that it is very low barrier to entry for all parties, the hosts, and guests. The cost is not prohibitive at all. But the thing is, because there is such a huge, huge need, there’s a demand out there. In fact, we use the word crisis, and that’s because it is. The amount of people, and as we said earlier in the introduction, there are 7 million homes with a spare room. So, there’s 7 million homes that could potentially be a host for someone who is in need, and we only need to switch on the news to hear time and time again about how people are not able to find homes, because there are just not many homes are available. They can’t afford to buy their own home, so the need is great, and you are there as the room exchange, providing the platform that connects both people. And not only here in Australia, but worldwide.
Ludwina: Yeah, and just to add there, if you look at those 7 million homes, and I guess from sort of an investment perspective, if you got 1% of those 7 million spare bedrooms, that’s 70,000. Now, you’re thinking that $2 a day isn’t a lot, well it’s not a lot when you’re looking at small numbers. But, when you’re looking at it at scale, it is massive. So, there were 70,000..we had access to 1%, 70,000, and they were exchanging. The potential like, our numbers that we’ve done, you know, our forecast after 3 years, going to around the 20 million mark. And that’s when we’re looking at it globally, and what’s able to be created globally. And again, you keep the barrier to entry low. You know, through our research that we’ve done, we found that, you know, that millennials, or younger generations are very happy to pay for something if they feel that it’s a fair price for what it is that they’re getting. And because of our insurance policy, it’s actually tied into the fact that you must book through the platform to be covered by the insurance. That also is going to virtually guarantee that the host will insist that all exchanges are done by the platform as well, which is going to minimize what we call leakage, in terms of booking off site. So, the way that we’ve created it all together is really in line with the values of all of our users, and the demographic of those users, to ensure that you know, after 2 to 3 years a potential growth for this is quite phenomenal.
Anne-Marie: Yeah, who knows where the growth is going to continue. I mean, the forecast figures could increase even more depending, you know, on what happens on a global scale. Let’s just speak a little bit more about the executive team of The Room Xchange.
Ludwina: Yeah, I’m very proud of my team. We have..well firstly, I’ve been just so fortunate to have the most amazing advisory board, and you know, when I kicked this off, the most important thing for me was to feel like I had the support of people, experienced people who had been directors of boards, or advisory boards, and have been in the investment relations space, and have worked amongst this level of business development, because it’s very different having a start up that you’re raising substantial capital for, than it is to have a small business. And the scope of where this needed to go to was beyond me, at the time, in terms of my knowledge when I first started in some of the areas. Although I have had the opportunity to work very closely with a number of CEO’s, as a shareholder. So, invested in four other technology companies, and part of that process was me being a good shareholder, I thought that you needed to be helpful, that’s always been my values there. So, I got to work very closely with the CEO’s of these companies. Did quite a few favours for them, and then when I went and asked them if they would, you know, support me in being my advisory board, you know, they said ‘yeah’, so that’s just been really amazing. And the cross section of who these four men are, that are my advisors, you know, really pad out the..what it is that I need in terms of growth. So, Ive got [Krypt?] Adams, who, you know, I really look at as my startup advisor. So, he’s an innovative guy, and he has been working in the tech space both in the U.S. and Australia for a number of years. Eric Tyler is an advisor in the investment relations industry, and also a sophisticated investor in sales. He’s got a lot of insights in terms of expectations and investors there. We’ve got Dave [Ropulus?] who is a corporate lawyer, and also currently CEO of [Espondo?], a company that he runs on a daily basis. He’s got that day-to-day experience. Tim Wall, he’s my corporate, and financial advisor, who’s literally has, you know, prepared me to become investor ready. So, they’re my key, you know, for advisors. And then I have my executive team. So, there’s myself, as the Founder and CEO, and I come with 20 years experience in the online digital, and media space. I use Hillary Morgan who’s had a brand marketing partnership. She’s got over 15 years experience in, you know, working with brands, and connecting audiences, and creating community. She’s just amazing in what she’s done with the brand marketing partnerships. We’ve got Holly [Rosenwax?] who is from Arise communications, and she’s PR in publicity, and we’ve already talked about what we’ve managed to accomplish there. And then Heather Porter, who has created the technology behind our MVP, our Minimal Viber Product, and is also so supportive with content production, and steering us in that direction. So, it’s interesting how there’s four women in my executive team, and four men in my advisory board. I’ve got an equal balance there, which is great, not that I deliberately did that, but it’s just interesting how that’s formed out. But, yeah, I’ve just, you know, and then of course I have my operational partners, and commercial partners as well, that are supporting me, you know, in terms of insurance, as legal accounting. You pitch your partners for accounting. Legal vision for legal team, intuitive insurance. There’s just a number of people that really make up the whole corporation of what The Room Xchange is.
Anne-Marie: And you’ve already reached out too, and solidified some great relationships with partners, people, other organizations who just love the vision, and are like-minded, so that’s so exciting for The Room Xchange too, isn’t it?
Ludwina: Yeah, absolutely. And you know, I’d encourage anyone that’s listening, who is interested in investing, to go to The Room Xchange website and have a look in the ‘About’ section, and you can see there all the media that we’ve received so far. You can see all of who our commercial partners are that we’re, you know, that we’re working with. How the brands have helped develop The Room Xchange. And also there’s a page there about our team and who they all are made up of amidst of their meeting profile. So, you can really see the quality of brands that we’re working with and the quality of people that we have on our team.
Anne-Marie: The web address to go and have a look at those details is www.theroomxchange.com, and with the letter ‘x’. Ludwina, are there any last words that you would like to share?
Ludwina: Yeah, we’re still in the process of raising capital and as many as you have heard what we’ve talked about today and you’re feeling quite excited about it and you’d like to know some more information. We do have all the relevant information that’s required, investment deck, investment overview, data view etc, that we can make available. So, some wise person once said to me that you’re always raising capital, so no matter how long people are receding to this world, there will be a stage, I’m sure, that we’re at in capital raising. Right now, we definitely want to get this to the next level. We’ll get our main technology platform built, you know, if it needs the Beta exchange program, than hit the markets globally. We’re looking at..well, we’re currently operational New Zealand, and Australia, then we’ll be going to the UK, Canada, and the U.S. and we’re already starting conversations in those countries with people on ground that can help get us established there. So, we do have some big dreams for The Room Xchange, and not just in terms of the company, but also in terms of changing the way that people are living globally.
Anne-Marie: Fantastic! And of course that web address again, theroomxchange, the letter ‘x’.com, and I know you got a special email that you got set up for interested investors, firstname.lastname@example.org remembering the letter ‘x’. Ludwina, thank you so very much. If you are a potential investor, and you’ve liked what you heard, and you do have some time, I really do encourage you to go back and listen to the other episodes. The information that Ludwina has shared is really incredible and I’m so excited that we’re partnering with The Room Xchange too. What you stand for, and your passion. Not only through hearing you speak, and the vision that you share. But, also in what you have achieved in the last 10 months is absolutely phenomenal, and I know that The Room Xchange is going to be on the lips of many people globally before long. So, thanks very much Ludwina.
Ludwina: Thank you very much. I really appreciate your partnership and your support.
Anne-Marie: The Room Xchange really is changing the way we live, and it’s set to take the sharing economy to a whole new level. If you’re a potential investor, and you’d like to know more, go to www.theroomxchange.com and remember the letter ‘x’. Or email email@example.com to request a call with Ludwina. You can also follow The Room Xchange on all of the social media platforms, just search for The Room Xchange. The Room Xchange really is changing the way we live.