From delays to bankruptcy, any number of contingencies can throw a wrench in construction projects. That's why the government and many commercial property owners often require construction companies to buy a guarantee that covers their completion. Homeowners, however, have never enjoyed access to that sort of insurance, forcing them to bite the bullet if their remodeling contractor mucks up a job. Enter Bolster. The online remodeling marketplace sells what it claims is the first guarantee to cover home remodeling projects on time and at an agreed-upon price. “It eliminates all of the financial risk associated with remodeling a home,” said CEO Fraser Patterson. The company, which has raised $2.3 million so far, doesn’t just sell the guarantee. Similar to Sweeten, it al...
Mar 25, 2014 by Teke Wiggin
Dec 9, 2013 by Paul Hagey