Fundrise is using technology to lower costs for your investors and how the company, which I think is completely vertically integrated, aligns incentives. The real estate industry does not have technology from this century. We can basically build technology for ourselves and then use that technology in the way we do business. So now more and more of our processes are done with software with databases. And it's so complicated and requires own podcasts. But we're in the process of radically changing when we're done at a phase where everybody else will be too.
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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