Hi, it’s Jeff, HomeShare’s founder and CEO. It’s with a heavy heart that I am announcing that HomeShare is shutting down. Effective today, April 26th, 2019, HomeShare has ceased operations and closed its doors.
As mentioned in our previous blog post a few weeks ago, HomeShare encountered unexpected financial constraints arising from a financing that did not materialize. In response, we cut costs by changing our service and significantly reducing staff. Unfortunately, these measures were insufficient and HomeShare no longer has the capital to continue to operate.
To HomeShare’s customers and partners: I apologize that we were not able to fulfill our promise to you. HomeShare’s mission of making cities more affordable began and ended with you in mind. We are disappointed in ourselves for failing to provide the level of service you deserved from us and we thank you for taking a leap of faith on a young company with a dream to improve the lives of residents.
To HomeShare’s employees: it’s an understatement to say that our story did not end where I hoped it would. Thank you for your dedication and hard work. You enabled HomeShare to expand to five markets, 50 properties and reach many residents’ lives. Our mission was one worth fighting for and I am thankful for the time and energy put forth behind each line of code, each installed partition, and each matched resident.
HomeShare’s journey began three years ago as a way for me and two friends to live affordably in San Francisco. Despite the challenges HomeShare faced, I’m thankful we had the opportunity to turn this simple idea into a business that made a difference.