Venture Technology Fund?

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I have four multifamily deals that are under contract to fund gap funding, mezzanine funding. The interest rates are 14%, 15%, 13% for really good real estate,. I mean, if we get paid 12% current, wow, that's phenomenal. So you mentioned venture technology fund. And I'm interested in hearing more about why you chose to do a technology fund being obviously focused in real estate. Why not just focus on real estate? Fundrise is a technology company. People don't yet fully appreciate that. They will over time. It's one of those things you think of venture capitalist knows a lot about technology and some do. But just like real estate, it

Patrick Donley talks with Ben Miller about how his company, Fundrise, is using technology to build a better financial system for the individual investor. Ben Miller is Co-Founder and CEO of Fundrise.

Since launching America’s first online real estate investment platform in 2012, Fundrise has now become the largest direct-to-investor alternatives investment manager with more than 385,000 active investors, more than $3.3 billion worth of equity under management, and $7 billion worth of real estate transacted.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:14 - What Ben’s early years were like growing up in a real estate family.

05:41 - Why his mentor wished upon him a great failure for his first start-up.

07:11 - How the idea for Fundrise developed.

11:28 - How he handled the 2008 Great Financial Crisis.

24:57 - What the regulatory hurdles were like starting the company.

35:04 - Why Fundrise is more of a technology company that a real estate firm.

48:23 - How inflation and rising interest rates have affected the market.

01:07:46 - What trends are most exciting to him at the moment.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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Onward, a Fundrise podcast.
Related Episode: Listen to REI010: Commercial Real Estate Investing w/ Ian Formigle, or watch the video.

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