Read the text message 2 startup cofounders used to raise $128,000 from friends and family - Business Insider

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With one text message, 2 startup cofounders raised $128,000 from friends and family. Read it here.

. The company helps users own high-yield, single-family rental homes by streamlining the process of researching, acquiring, renovating, and then renting a property.

Luong and Kasad were confident that their pitch would attract interest from venture capitalists. The business plan was rock solid, and the two entrepreneurs came from tech backgrounds. They had a strong sense that when they wanted to raise institutional capital, they would be able to.

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