SPC109 - Fundamentals - Comparing Crowdfunding websites with Andrew Savikas

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Pardon the grammar - I'm an Engeneer, Enginere, Engenere... I'm good with math! Here are the Show Notes:

Investor, advisor, writer, father. Founder at @yieldtalk. Ex @oreillymedia, @safari. Occasional consultant & speaker. Chronic reader.

1) Your background and your Real Estate investing track record?

Andrew Savikas

andrew@yieldtalk.com

My own journey through crowdfunding, especially real estate

Related posts:

https://yieldtalk.com/my-crowdfunding-portfolio/

https://yieldtalk.com/baby-steps-getting-started-with-crowdfunded-real-estate/

https://yieldtalk.com/why-you-should-care-about-real-estate-as-an-investor-even-if-you-dont-care-about-real-estate-investing/

Importance of new crowdfunding choices in helping fuel entrepreneurism (and overall economic growth), especially serving traditionally underserved categories (eg non-males and non-tech companies outside of Silicon Valley, NYC, and Boston)

Related posts:

https://yieldtalk.com/crowdfunded-investing-democratizes-capitalism/

https://yieldtalk.com/can-crowdfunding-help-close-300b-funding-gender-gap/

Importance of understanding “convex” vs. “concave” risk, and the implications for risk/reward profile of your portfolio

Related posts:

https://yieldtalk.com/diversification-crowdfunding-investments/

https://yieldtalk.com/know-your-alternative-investing-style-zebra-or-lion/

The surprising number of choices out there for non-accredited investors

Related posts:

https://yieldtalk.com/24-ways-crowdfunding-for-non-accredited-investors/

https://yieldtalk.com/5-best-equity-crowdfunding-sites-beginning-investors/

You should also ask me about the time I had to pick between the Google IPO and a new couch (I picked wrong!)

criteria in your site, insights from looking at all though sites, and your recommendation for people to invest in rentals, crowd funding, or direct syndication.

2) Something that you have recently or thought about “burning your cash” on for time savings or an improvement in quality of life.

[Andrew] After leaving my last job (CEO of an ed-tech company for 5 years) right after my second child was born, deliberately moved to a lower-cost-of-living place and dialed down work commitments to have more time with my kids while they’re young. Definitely worth it! But I’ll never forget the night I was putting my son to sleep soon after my daughter was born and contemplating the return to a very demanding job that was only going to get more so, and imagining myself 5 years in the future wishing I could trade the money I’d made for more time with the kids while they were growing up.

3) Something that you changed your mind on? Our ego often gets in the way of greatness.

[Andrew] Having kids definitely changed my perspective about the opportunity cost of my career trajectory. Has helped me see the benefits of a more balanced portfolio approach compared with driving 1000% down one path.

Also, what it means to have a “balanced” or “diversified” portfolio. Was profoundly influenced by Nassim Taleb’s “Anti-fragile” and the concepts of convex and concave risk (and the notion of a “barbell” portfolio).

4) Anything we missed and contact info if you would like anyone to get a hold of you. URL?

[Andrew] I’m a voracious reader, and as a side project I started posting lengthy reviews of books that have shaped my thinking about leadership, strategy, business, and more. I’m also super into meditation and mindfulness, and have written about 10 books that helped me apply mindfulness to my life in general, and doing better work in particular.

And speaking of books, 13 years ago I wrote a book about Microsoft Word of all things.

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