Rent Like A Champion Shark Tank

Rent Like A Champion Shark Tank – Founder, Net Worth and Investment

In Season 7, Episode 6 of “Shark Tank,” Drew Mitchell and Mike Doyle pitched their company, Rent Like A Champion, to the Sharks. They sought a $200,000 investment in exchange for 10% equity in their business. Rent Like A Champion provides unique accommodations for college football fans in underserved college towns. Their pitch caught the attention of notable Sharks, including Mark Cuban and Chris Sacca, who saw the potential in this niche market.

The founders explained that Rent Like A Champion allows homeowners in college towns with prominent football programs to list their properties as weekend rentals for large groups of fans. This concept originated in 2006 when Drew and Mike listed their vacant apartment as a weekend rental for Notre Dame games. Recognizing the demand for this type of accommodation, they expanded their business to other college towns.

Rent Like A Champion Shark Tank

Key Takeaways:

  • Rent Like A Champion appeared on Shark Tank in Season 7, Episode 6, and secured a $200,000 investment from notable investors.
  • The company offers unique accommodations for college football fans in underserved college towns.
  • Rent Like A Champion differentiates itself from other rental platforms by focusing specifically on college football event weekends.
  • The company has seen significant growth, expanding its offerings, partnerships, and revenue.
  • Rent Like A Champion plans to continue expanding its presence in college towns and explore opportunities beyond college football.

The Concept of Rent Like A Champion

Rent Like A Champion is a platform that offers unique accommodations for college football fans through vacation home rentals. The concept originated in 2006 when founders Drew Mitchell and Derrick Shenk listed their vacant apartment on Craigslist as a weekend rental during Notre Dame games. Recognizing the demand for this type of accommodation, they expanded their offering to other college towns.

The platform connects homeowners in college towns with big-time football programs with large groups of fans seeking a place to stay during game weekends. By providing vacation home rentals, Rent Like A Champion offers an alternative to traditional hotels, allowing fans to gather in a single location and immerse themselves in the college football experience.

Key Features of Rent Like A Champion Description
Unique Accommodations Rent Like A Champion offers a wide range of unique accommodations, including spacious homes, cozy cottages, and modern apartments, ensuring that fans can find a rental that suits their preferences.
College Football Weekend Rentals The platform specifically caters to college football fans who are looking for accommodations during game weekends. This narrow focus allows Rent Like A Champion to provide tailored services and a seamless experience for fans.
Convenient and Memorable Experience By staying in vacation homes near the stadium, fans can enjoy the convenience of being close to the game and the camaraderie of staying together with their group. This enhances the overall game day experience and creates lasting memories.

Whether it’s a group of friends attending a rivalry game or families coming to support their alma mater, Rent Like A Champion offers a unique and unforgettable way to experience college football weekends. With its diverse array of accommodations and dedication to providing a seamless experience, Rent Like A Champion has become a go-to platform for college football fans seeking vacation home rentals.

Standing Out from Airbnb

Rent Like A Champion offers a distinctive experience that sets it apart from Airbnb. While Airbnb caters to various destinations and accommodations, Rent Like A Champion focuses specifically on underserved college towns and the vibrant college football event itself. By honing in on these unique locations and experiences, Rent Like A Champion provides top-rated vacation rentals that offer exclusive properties exclusively for college football fans.

At Rent Like A Champion, fans can choose from a curated selection of properties in college towns, ensuring top-rated vacation rentals that meet the highest standards of comfort and quality. These exclusive rental properties not only provide a comfortable place to stay but also immerse fans in the excitement and spirit of the college football culture.

“We believe that true football fans deserve more than just a place to sleep. We want to create unforgettable memories and experiences that go beyond the game itself,” says Drew Mitchell, co-founder of Rent Like A Champion.

  • Exclusive listings: Rent Like A Champion carefully selects and partners with homeowners in college towns to offer exclusive rental properties that guarantee a one-of-a-kind experience for fans.
  • Unmatched atmosphere: These top-rated vacation rentals allow fans to fully immerse themselves in the college football event, as the properties are often located in close proximity to the stadiums and tailgating areas.
  • Dedicated customer service: Rent Like A Champion goes above and beyond to ensure that fans have a seamless and enjoyable experience. Their team is readily available to address any concerns or questions, ensuring fans feel taken care of throughout their stay.

By prioritizing the event itself rather than just the destination, Rent Like A Champion creates unforgettable college football trips for fans, elevating the overall experience to new heights.

top-rated vacation rentals

Rent Like A Champion Airbnb
Specialization Focuses on exclusive rental properties in underserved college towns. Caters to various destinations and accommodations.
Target Audience College football fans seeking an immersive event experience. Travelers looking for a wide range of accommodation options.
Atmosphere Properties close to stadiums and tailgating areas, providing an authentic college football atmosphere. Properties across various locations, offering diverse experiences depending on the destination.
Customer Service Dedicated team readily available to address concerns and ensure a seamless experience. Standardized customer service experience for a wide range of destinations and properties.

Assurance of Low Damage Claims

During their pitch on Shark Tank, the founders of Rent Like A Champion addressed the concern of potential damage to rental properties by rambunctious football fans. Drew and Mike reassured the Sharks that only 1.9% of their rentals have a damage claim, with an average damage cost of $98. This statistic showcases the company’s commitment to minimizing damage claims and ensuring the satisfaction of both homeowners and guests.

This assurance played a crucial role in alleviating the Sharks’ concerns about potential liabilities and led to their investment in Rent Like A Champion. With low damage claims and an average damage cost well below $100 per claim, the company demonstrates its ability to successfully manage and mitigate any potential damages that may occur during guests’ stays.

By emphasizing these low damage claim rates and average damage costs, Rent Like A Champion establishes itself as a reliable platform for homeowners looking to rent their properties without significant risks. This data-driven approach not only instills confidence in potential investors but also reassures homeowners that their properties are in capable hands.

damage claims

Image: Low damage claims exemplify the commitment of Rent Like A Champion to maintaining the condition of rental properties.

Revenue and Profit Numbers

Rent Like A Champion has experienced significant growth since its appearance on Shark Tank, with an impressive increase in transactions and financial success. In 2014, the company processed $2.5 million in transactions. However, by the time of their pitch, they had skyrocketed to $6.4 million in transactions in the previous year.

These impressive numbers translated into substantial revenue and profit for Rent Like A Champion. In that same year, the company generated $1.4 million in revenue, underscoring their ability to generate substantial income. Moreover, the company achieved $915,000 in profit, a testament to its solid financial performance.

These robust revenue and profit figures showcased the company’s strong financial standing and served as a compelling factor that further convinced the Sharks to invest in Rent Like A Champion.

Rent Like A Champion Revenue and Profit Numbers

Year Transactions ($) Revenue ($) Profit ($)
2014 2,500,000 1,400,000 915,000
2015 6,400,000

Expansion Plans and Partnerships

Since their appearance on Shark Tank, Rent Like A Champion has been focused on expanding its operations and forming strategic partnerships. The company has made significant progress in increasing its presence in the vacation rental market and forging collaborations with key players in the sports industry.

Expansion Plans

Rent Like A Champion currently offers vacation homes for rent in 21 college towns across the USA. However, they have ambitious growth plans for the future. The company aims to double the number of college towns they operate in within the next year, allowing them to provide unique accommodations to an even wider audience of college football fans. This expansion will not only increase their revenue potential but also solidify their position as a leading provider of game day rentals.

Partnerships

Rent Like A Champion’s success can be attributed, in part, to their strategic partnerships. One notable collaboration is their partnership with the PGA Tour. Through this alliance, Rent Like A Champion offers housing on a weekly basis for players and their families during PGA Tour events. This partnership not only diversifies their offerings beyond college football but also taps into the lucrative golf market, further expanding their customer base.

“Our partnerships are a key component of our growth strategy. By teaming up with industry leaders like the PGA Tour, we are able to provide exceptional experiences to fans and players alike.” – Rent Like A Champion spokesperson

By expanding their operations and forming strategic partnerships, Rent Like A Champion is well-positioned to capitalize on the growing demand for unique accommodations during college football weekends and other sporting events. Their commitment to offering exceptional experiences and fostering key collaborations demonstrates their dedication to remaining at the forefront of the vacation rental industry.

Expansion Plans and Partnerships

Shark Tank Deal and Updates

Rent Like A Champion struck a lucrative deal with Mark Cuban and Chris Sacca on the popular TV show Shark Tank. The founders secured a $200,000 investment in exchange for 10% equity in their company.

Since their appearance on the show, Rent Like A Champion has continued to experience remarkable growth and success. The company has expanded beyond college football and now offers accommodations for golf tournaments and NASCAR events.

As of August 2021, Rent Like A Champion boasts an impressive portfolio of 3,000 properties in 27 college towns. The company has achieved an average yearly growth rate of 80% since 2012, emphasizing their position as a key player in the vacation rental industry.

To further solidify their presence, Rent Like A Champion has partnered with the prestigious PGA Tour. This partnership has allowed them to provide housing options for players and their families, enhancing the overall experience for golf enthusiasts.

These remarkable milestones have contributed to Rent Like A Champion’s annual revenue, which now stands at an impressive $12.6 million.

Shark Tank Deal and Updates

Through their determined efforts and strategic partnerships, Rent Like A Champion has established itself as a trusted provider of unique and high-quality accommodations for sports enthusiasts. Their ongoing growth and dedication to exceptional guest experiences position them for continued success in the vacation rental market.

Year Number of Properties Yearly Growth Rate
2012 200
2013 400 100%
2014 800 100%
2015 1,600 100%
2016 2,200 38.5%
2017 2,600 18.2%
2018 2,800 7.7%
2019 2,900 3.6%
2020 3,000 3.4%

Continuing Operations During COVID-19

Despite the challenges posed by the COVID-19 pandemic, Rent Like A Champion remains committed to providing exceptional service to its customers. The company has implemented various measures to ensure the safety and satisfaction of guests during these uncertain times.

Despite event cancellations and travel restrictions, Rent Like A Champion is still accepting new bookings and home listings for upcoming events. Whether it’s a college football game or another exciting event, customers can rely on Rent Like A Champion to offer unique accommodations that enhance their experience.

If an event is canceled due to COVID-19, Rent Like A Champion offers the flexibility of carrying over reservations to future events. This policy provides peace of mind to customers and allows them to plan for future trips without the worry of losing their booking.

With a comprehensive COVID-19 policy in place, Rent Like A Champion ensures that all homes listed on their platform adhere to strict sanitary guidelines. This policy includes enhanced cleaning protocols, sanitization procedures, and contactless check-in options that prioritize the health and well-being of guests.

By continuing operations during the pandemic, Rent Like A Champion demonstrates its commitment to supporting fans’ passion for college football and offering memorable experiences, even in the face of challenges. The company’s dedication to the safety and satisfaction of customers sets it apart in the vacation rental industry.

COVID-19 Safety Measures

Company Information and Social Media Presence

Rent Like A Champion is a venture-backed company that specializes in providing unique accommodations for college football fans. With a mission to enhance the game day experience, Rent Like A Champion offers an extensive selection of rental properties in college towns across the United States. Homeowners can easily list their properties on the Rent Like A Champion website, while fans can conveniently book rentals for their next football weekend getaway.

Aside from their website, Rent Like A Champion maintains a strong presence on various social media platforms, including Facebook, Twitter, and YouTube. Through these channels, the company keeps fans and users updated with the latest news, testimonials, and promotional content. Social media allows Rent Like A Champion to engage with their community and provide valuable insights and information about their unique accommodations and exclusive game day experiences.

Rent Like A Champion Social Media Presence

Follow Rent Like A Champion on social media to stay connected and informed about their offerings, discounts, and upcoming events:

  • Facebook
  • Twitter
  • YouTube

Founders Drew Mitchell and Mike Doyle

Drew Mitchell and Mike Doyle are the visionary founders behind Rent Like A Champion. They successfully pitched their company on Shark Tank, securing investment and propelling their venture to great success. With their passion for providing an unbeatable game day experience for college football fans, Drew and Mike have revolutionized the vacation rental industry.

Driven by their shared love for college football, Drew and Mike identified a niche market and created Rent Like A Champion as a platform for fans to find unique accommodations in college towns on game weekends. Their dedication to delivering exceptional service and creating memorable experiences has led to the company’s rapid growth and popularity.

Drew Mitchell and Mike Doyle continue to lead Rent Like A Champion, guiding its expansion and exploring new opportunities. Their commitment to building strong relationships with homeowners and fans has established Rent Like A Champion as a trusted and respected brand in the vacation rental industry.

Rent Like A Champion founders Drew Mitchell and Mike Doyle

The Journey of Drew Mitchell and Mike Doyle

“We wanted to create an unforgettable game day experience for college football fans. That’s what drove us to start Rent Like A Champion. Our goal was to connect fans with unique accommodations in college towns and make their game weekends truly special.”

Since its inception, Rent Like A Champion has transformed the way fans experience college football games. Drew and Mike’s passion for the sport and their innovative approach have contributed to Rent Like A Champion’s continued success. As the company grows and expands into new markets, the founders remain dedicated to providing exceptional service and enhancing the game day experience for fans across the country.

Investor Chris Sacca

One of the notable investors in Rent Like A Champion is Chris Sacca. Sacca is a renowned venture investor and the founder of Lowercase Capital, a prominent venture capital fund. Lowercase Capital has made successful investments in various well-known companies, including Twitter, Uber, and Instagram. Sacca’s decision to invest in Rent Like A Champion has significantly contributed to the company’s growth and overall success.

Sacca’s expertise and experience in the investment industry make him a valuable asset to Rent Like A Champion. With his support, the company has been able to capitalize on opportunities and strategically expand its operations.

Chris Sacca Lowercase Capital

Chris Sacca’s Impact

“Chris Sacca’s investment in Rent Like A Champion has been instrumental in our journey. His deep knowledge of the startup ecosystem and strategic guidance have helped us navigate the market effectively. We are grateful for his support and believe that his involvement will continue to drive our success in the future.”

– Rent Like A Champion Co-Founders

Chris Sacca’s partnership with Rent Like A Champion showcases the confidence he has in the company’s mission and potential. As an investor, Sacca brings not only financial support but also valuable industry insights and connections. With Lowercase Capital’s backing and guidance, Rent Like A Champion is positioning itself as a leading player in the vacation rental industry.

Investor Venture Capital Fund Successful Investments
Chris Sacca Lowercase Capital
  • Twitter
  • Uber
  • Instagram

Future Growth and Opportunities

Rent Like A Champion is positioned for exciting future growth and a wide range of opportunities. With a solid foundation and successful track record, the company plans to expand its presence in more college towns while exploring new avenues beyond college football.

The company’s unique concept has proven successful in providing vacation home rentals for college football fans, and now Rent Like A Champion aims to leverage this success into partnerships with other major sporting events, such as golf tournaments and NASCAR races. This expansion into different sporting domains opens up a world of possibilities for both homeowners and fans looking for unique accommodations during their favorite events.

As Rent Like A Champion expands its operations, it will continue to provide unparalleled experiences for fans, creating lasting memories while also generating revenue and opportunities for homeowners. By extending its reach to a wider audience, the company will solidify its position as a leader in the vacation rental industry, capitalizing on their innovative approach and proven success.

FAQ

What is Rent Like A Champion?

Rent Like A Champion is a platform that offers vacation home rentals specifically for college football fans.

How did Rent Like A Champion start?

Rent Like A Champion started in 2006 when Drew and Derrick listed their vacant apartment on Craigslist as a weekend rental for Notre Dame games.

How does Rent Like A Champion differentiate itself from Airbnb?

Rent Like A Champion focuses on underserved college towns and the college football event itself, offering top-rated vacation rentals and creating memorable college football trips.

Is there a concern about damage to rental properties?

Only 1.9% of Rent Like A Champion rentals have a damage claim, with an average damage cost of .

What are the revenue and profit numbers for Rent Like A Champion?

Rent Like A Champion processed .4 million in transactions in the previous year, resulting in

What is Rent Like A Champion?

Rent Like A Champion is a platform that offers vacation home rentals specifically for college football fans.

How did Rent Like A Champion start?

Rent Like A Champion started in 2006 when Drew and Derrick listed their vacant apartment on Craigslist as a weekend rental for Notre Dame games.

How does Rent Like A Champion differentiate itself from Airbnb?

Rent Like A Champion focuses on underserved college towns and the college football event itself, offering top-rated vacation rentals and creating memorable college football trips.

Is there a concern about damage to rental properties?

Only 1.9% of Rent Like A Champion rentals have a damage claim, with an average damage cost of .

What are the revenue and profit numbers for Rent Like A Champion?

Rent Like A Champion processed .4 million in transactions in the previous year, resulting in

FAQ

What is Rent Like A Champion?

Rent Like A Champion is a platform that offers vacation home rentals specifically for college football fans.

How did Rent Like A Champion start?

Rent Like A Champion started in 2006 when Drew and Derrick listed their vacant apartment on Craigslist as a weekend rental for Notre Dame games.

How does Rent Like A Champion differentiate itself from Airbnb?

Rent Like A Champion focuses on underserved college towns and the college football event itself, offering top-rated vacation rentals and creating memorable college football trips.

Is there a concern about damage to rental properties?

Only 1.9% of Rent Like A Champion rentals have a damage claim, with an average damage cost of .

What are the revenue and profit numbers for Rent Like A Champion?

Rent Like A Champion processed .4 million in transactions in the previous year, resulting in

FAQ

What is Rent Like A Champion?

Rent Like A Champion is a platform that offers vacation home rentals specifically for college football fans.

How did Rent Like A Champion start?

Rent Like A Champion started in 2006 when Drew and Derrick listed their vacant apartment on Craigslist as a weekend rental for Notre Dame games.

How does Rent Like A Champion differentiate itself from Airbnb?

Rent Like A Champion focuses on underserved college towns and the college football event itself, offering top-rated vacation rentals and creating memorable college football trips.

Is there a concern about damage to rental properties?

Only 1.9% of Rent Like A Champion rentals have a damage claim, with an average damage cost of $98.

What are the revenue and profit numbers for Rent Like A Champion?

Rent Like A Champion processed $6.4 million in transactions in the previous year, resulting in $1.4 million in revenue and $915,000 in profit.

Has Rent Like A Champion expanded its operations?

Yes, Rent Like A Champion currently has homes for rent in 21 college towns and has partnered with the PGA Tour.

What was Rent Like A Champion’s Shark Tank deal?

Rent Like A Champion secured a $200,000 investment from Mark Cuban and Chris Sacca in exchange for 10% equity.

How has Rent Like A Champion been affected by COVID-19?

Rent Like A Champion is still accepting new bookings and home listings. Reservations for canceled events can be carried over to future events.

Where can I find more information about Rent Like A Champion?

You can visit Rent Like A Champion’s website and follow them on social media platforms like Facebook, Twitter, and YouTube.

Who are the founders of Rent Like A Champion?

The founders of Rent Like A Champion are Drew Mitchell and Mike Doyle.

Who is Chris Sacca?

Chris Sacca is a venture investor and founder of Lowercase Capital, who invested in Rent Like A Champion.

What are Rent Like A Champion’s future growth plans?

Rent Like A Champion aims to increase its presence in more college towns and explore opportunities in golf tournaments and NASCAR events.

.4 million in revenue and 5,000 in profit.

Has Rent Like A Champion expanded its operations?

Yes, Rent Like A Champion currently has homes for rent in 21 college towns and has partnered with the PGA Tour.

What was Rent Like A Champion’s Shark Tank deal?

Rent Like A Champion secured a 0,000 investment from Mark Cuban and Chris Sacca in exchange for 10% equity.

How has Rent Like A Champion been affected by COVID-19?

Rent Like A Champion is still accepting new bookings and home listings. Reservations for canceled events can be carried over to future events.

Where can I find more information about Rent Like A Champion?

You can visit Rent Like A Champion’s website and follow them on social media platforms like Facebook, Twitter, and YouTube.

Who are the founders of Rent Like A Champion?

The founders of Rent Like A Champion are Drew Mitchell and Mike Doyle.

Who is Chris Sacca?

Chris Sacca is a venture investor and founder of Lowercase Capital, who invested in Rent Like A Champion.

What are Rent Like A Champion’s future growth plans?

Rent Like A Champion aims to increase its presence in more college towns and explore opportunities in golf tournaments and NASCAR events.

.4 million in revenue and 5,000 in profit.

Has Rent Like A Champion expanded its operations?

Yes, Rent Like A Champion currently has homes for rent in 21 college towns and has partnered with the PGA Tour.

What was Rent Like A Champion’s Shark Tank deal?

Rent Like A Champion secured a 0,000 investment from Mark Cuban and Chris Sacca in exchange for 10% equity.

How has Rent Like A Champion been affected by COVID-19?

Rent Like A Champion is still accepting new bookings and home listings. Reservations for canceled events can be carried over to future events.

Where can I find more information about Rent Like A Champion?

You can visit Rent Like A Champion’s website and follow them on social media platforms like Facebook, Twitter, and YouTube.

Who are the founders of Rent Like A Champion?

The founders of Rent Like A Champion are Drew Mitchell and Mike Doyle.

Who is Chris Sacca?

Chris Sacca is a venture investor and founder of Lowercase Capital, who invested in Rent Like A Champion.

What are Rent Like A Champion’s future growth plans?

Rent Like A Champion aims to increase its presence in more college towns and explore opportunities in golf tournaments and NASCAR events.

.4 million in revenue and 5,000 in profit.

Has Rent Like A Champion expanded its operations?

Yes, Rent Like A Champion currently has homes for rent in 21 college towns and has partnered with the PGA Tour.

What was Rent Like A Champion’s Shark Tank deal?

Rent Like A Champion secured a 0,000 investment from Mark Cuban and Chris Sacca in exchange for 10% equity.

How has Rent Like A Champion been affected by COVID-19?

Rent Like A Champion is still accepting new bookings and home listings. Reservations for canceled events can be carried over to future events.

Where can I find more information about Rent Like A Champion?

You can visit Rent Like A Champion’s website and follow them on social media platforms like Facebook, Twitter, and YouTube.

Who are the founders of Rent Like A Champion?

The founders of Rent Like A Champion are Drew Mitchell and Mike Doyle.

Who is Chris Sacca?

Chris Sacca is a venture investor and founder of Lowercase Capital, who invested in Rent Like A Champion.

What are Rent Like A Champion’s future growth plans?

Rent Like A Champion aims to increase its presence in more college towns and explore opportunities in golf tournaments and NASCAR events.

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