Rally Rd.

Invest in blue-chip classic cars like stocks

#5 Product of the DayDecember 27, 2017

On Rally Rd. you can invest in blue-chip classic cars, starting at about $40 per share. Users can purchase equity in classic cars, hand-selected by a team of industry experts and securitized (turned into stock in a company) so a new breed of enthusiasts can now participate in this exciting alternative asset class.

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Reviews

  • Pros: 

    Great on-boarding, intuitive and beautiful design.

    Cons: 

    Not enough cars to invest in yet

    Great service

    Brian Crall has used this product for one month.
  • Afanasiy SavvinEntrepreneur
    Pros: 

    The idea and execution, beautiful UI

    Cons: 

    Can't register in the app as a foreigner

    Definitely would try it, but I can't complete my registration, because I don't live in the USA.

    Afanasiy Savvin has used this product for one day.

Discussion

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Niv DrorHunterHiring@nivo0o0 · Words @ProductHunt & @AngelList
This is awesome – thanks @HowardLindzon for the heads up! On Rally Rd. you can purchase equity in classic cars like Ferraris, Porsches, etc. as if they were stocks. This is a very interesting alternative asset class, that is now accessible to the masses. cc @taramann you will like this
Rob PetrozzoMaker@robpetrozzo · Co-Founder/Chief Product Ofc, Rally Rd.
Thanks for the hunt @nivo0o0 !! 🙌 🙌 Over the last year at Rally Rd., we’ve been building out a structure, both on the regulatory & product side, to allow everyone the same investment opportunities as the 1% - but without the velvet ropes, secret clubs, share minimums, condescending conversations, etc etc (the bad stuff). Our first iteration focuses on investments in Classic Cars with a history of strong returns, along with a bid/ask secondary market opening early 2018, all surfaced within the app. More than happy to answer any questions about the product, the company, or the asset class!
Niv DrorHunterHiring@nivo0o0 · Words @ProductHunt & @AngelList
@robpetrozzo 🙌🙌🙌
Paul Banks@paul_banks
@robpetrozzo I signed up about a month ago and manage to fund one credit but now I can't login to my account.
Rob PetrozzoMaker@robpetrozzo · Co-Founder/Chief Product Ofc, Rally Rd.
@paul_banks apologies on that, we are handling some server updates that were affecting logins for a subset of accounts. We will be back up shortly. Drop me a note (rob@RallyRd.com) if the issue doesn’t resolve itself within the next couple of hours as we roll out the backend update.
Ognjen Vukovic@vforvukovic · UA @FourDots @Reportz @Dibz
@nivo0o0 @robpetrozzo Brilliant product! I will use it for sure. :) Be sure to check out our tool , it will be very interesting to you. https://www.producthunt.com/upco...
Deandre Durr☀️@dredurr · Growth Hacker
This is really interesting. Right away after playing with it seems like Kickstarter. My questions are: Once it’s funded 100% is there physical car that will be housed somewhere? If the car is sold how do I get a return on my investment? Does this mean I can find a Rolls Royce Phantom on eBay Motors. Negotiate a deal with the seller. Then submit the Phantom to RallyRd, in hopes that the users will fund the purchase of the vehicle. More questions to come 🧐
Rob PetrozzoMaker@robpetrozzo · Co-Founder/Chief Product Ofc, Rally Rd.
@dredurr thanks for checking it out! The cars in the app right now are in the Initial Offering phase, so the shares are being sold for the first time - the “goal” price represents the total value of the vehicle. The vehicles are securely stored in our purpose-built, climate-controlled east coast facility. They are monitored by trained professionals + full time concierges and are kept under 24/7 video surveillance (which will be surfaced into the app). Once fully funded, if you bought shares you now own equity in that specific car. If its value rises, so should the value of your shares. If it earns more money than it costs to operate through events & the experiential components of the platform, you can get paid dividends. If an offer comes in to purchase the vehicle at a significant premium, its our fiduciary responsibility to make our investors money, so everyone gets paid out. However, we have Trading Windows attached to the platform once a month that will allow you to place your shares up for sale to other new & existing investors, so you don’t necessarily have to wait for an exit to sell. As for submitting vehicles, we have an expert team of in-house acquisition specialists and advisors that source vehicles based on a pretty specific checklist, so we try to stay away from the Phantom situation you outlined. There are well known collectors and brokers who will approach us with great assets however, and if we can get the best possible deal for investors, then we do consider those vehicles. Feel free to Ask away!- this is a new concept so we invite ANY questions about the business and the platform. 🙌🙌
Tara Mann@taramann · Designer @ Basecamp, ex Twitter, Science
This is really interesting. As a classic car enthusiast, I love the idea of having the opportunity to own (even just a tiny bit) of a classic Porsche and other exciting cars. I follow the market closely and this is a perfect way for me to get involved at this stage in my life.
Rob PetrozzoMaker@robpetrozzo · Co-Founder/Chief Product Ofc, Rally Rd.
@taramann as a group of 30-something’s who watched this space become completely unaffordable, we concur!
Manuel FrigerioPro@mnlfrgr · Maker of @maitre_app
Congratulations @robpetrozzo! I remember when you explained me the concept a few months ago. Great to see you guys launching 🙌
Rob PetrozzoMaker@robpetrozzo · Co-Founder/Chief Product Ofc, Rally Rd.
@mnlfrgr Thanks Manuel! Likewise, great to see all the awesome new products coming out of the Maître suite!