The Matthews Mentality Podcast E49: GlobeSt.com Founder Jonathan Schein on Real Estate, Stand-up Comedy, and Beating Cancer
Feb 11, 2025
In this engaging dialogue, Jonathan Schein, founder and CEO of RELP and GlobeSt.com, shares his inspiring journey from battling non-Hodgkin lymphoma to building a leading online real estate platform. He reflects on the evolving dynamics of commercial real estate, tackling challenges like rising interest rates and market trends. Schein also explores the transformative power of stand-up comedy, using humor to navigate adversity. His insights on resilience and personal growth are both poignant and entertaining, making for a compelling discussion.
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Real Estate Capital Flow
- Jonathan Schein's company, RELP, connects institutional investors (LPs) with private equity fund managers (GPs).
- LPs, like pension funds, are the primary source of capital for real estate projects.
Letting Go for Growth
- When leading a business, don't keep people around out of guilt or loyalty if they aren't growing with the company.
- Schein regrets not letting go of some employees sooner, hindering potential growth.
Business Failure and Depression
- After selling GlobeStreet.com, Schein started a print media company in 2006, right before the 2008 market crash.
- The business failed, impacting Schein's pride and leading to a period of depression.