Just Go Grind #141: Drew Sterrett, Co-Founder & CEO of LEX, on Creating the First and Only Commercial Real Estate Securities Marketplace Available to All Investors, Raising $4M in VC Funding, and Disrupting an Industry
Drew Sterrett is the co-founder and CEO of LEX, a commercial real estate securities marketplace for all investors and real estate owners. Drew and his co-founders, Dean Sterrett and Jesse Daugherty, began LEX in 2017.
With LEX, you can diversify into commercial real estate properties with the potential to earn passive income and build wealth $100 at a time. LEX makes real estate investing simple by providing investors the freedom to purchase into individual commercial real estate properties through the publicly issued stock of the issuer. Investors benefit from transparency and LEX's research functionality. For property owners, LEX provides a more efficient and cost effective way to raise capital through a public offering of a partial interest in the property at fair market value.
Connect with Drew Sterrett
- LEX
- LEX app on IOS
- drew@lex-markets.com
Some of the Topics Covered by Drew Sterrett in this Episode
- What is LEX and its origin story
- Why LEX is the first of its kind
- The first year and a half spent researching, planning and preparing to raise capital and go full time with LEX
- Raising funds through VC
- Why Drew and his co-founders, Dean Sterrett and Jesse Daugherty, make a good team
- The roller coaster that is entrepreneurship
- Customer acquisition for LEX
- Expectation versus reality for Drew and his co-founders while building LEX
- How COVID has affected LEX and what they're focused on today
- Scaling supply and demand and managing customer feedback
- Building out LEX's team and culture
- Challenges Drew and his team have faced along the way
- How Drew views his entrepreneurial journey and getting past doubts
- Networking and asking for advice
- How Drew structures his time, work-life balance and what he does to recharge
- Drew's book recommendations
- Drew's favorite parts of being an entrepreneur
- Drew's advice for entrepreneurs
Links from the Episode
- #134: Zuleyka Strasner, Founder and CEO of Zero, on Building a Convenient Zero-Waste Grocery Delivery Service, Becoming the Largest Sustainability Platform in the U.S., and Growing 15X in 5 Months
- Greycoft
- ATS
- The Hard Thing About Hard Things by Ben Horowitz
- Zero to One by Peter Thiel
- The Tycoons by Charles Morris
- Barbarians at the Gate by Bryan Burrough and John Helyar
- Acorns