Capital Club Real Estate and Property Technology: Its Current State of Play with Zain Jaffer
Zain Jaffer is an accomplished investor and entrepreneur. He started his first company at the age of 14 and later moved to the US as an immigrant to found Vungle, which was sold to Blackstone for $780 million in all cash transactions in late 2019. He actively manages his own family office with a particular focus on real estate and startups.
In this episode, Zain and I talk about investing in real estate and in property technology. Zain talks about the current state of play in both real estate and PropTech, and discusses his thoughts on running a family office. He also shares about his experience as an immigrant entrepreneur and how having the right hunger and motivation is important in starting a business. Listen in!
[00:01 – 03:20] Opening Segment
- Welcoming Zain to the show
- Zain shares about his experience
[03:21 – 16:30] Experiences and Lessons as an Immigrant Entrepreneur
- How his experience as an immigrant pushed him to be an entrepreneur
- Immigrant parents tend to be risk averse
- Having the hunger to be different
- Importance of safety nets for immigrants
- Fear of blowing away money
- Having a tremendous fiscal responsibility
- Importance of having the hunger and motivation
- Having a vision and no back-up
- Lessons and takeaways from experience
- Avoid the hype around raising funding
- Focus on your core
[16:31 – 38:58] Investing in Real Estate and Property Technology
- The current state of play in real estate
- Different risk reward ratio at the moment
- Multifamily as the safest asset
- Single family home is the hottest asset
- Investing in Property Technology
- PropTech as one of the best possible areas of investment in the VC landscape
- Fintech is exploding
- Now is the time for PropTech
- Running a family office
- Considering the flavor of the capital
- Definition of family office
[38:59 – 45:36] Closing Segment
- Factoring in luck both in starting a business and investing in businesses
- Resources that Zain finds information and stories
- How you can connect with Zain
- Closing words
Tweetable Quotes
“So you have this hunger. And you also have around you not many positive role models, so you have to find your own way.” - Zain Jaffer
“I think that's a word of caution to some of the things it's very easy to replicate and compete with some good GPS, you've got to build competence if you're going to do it.” - Zain Jaffer
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Connect with Zain:
Website: www.zain-ventures.com
Twitter: @zainjaffer
Connect with me:
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