Show notes
Join me and my co-host, Vince, as we talk with Jake Marmulstein about multifamily investor portals and real estate software. Jake is the founder and CEO of Groundbreaker, a company offering software application that helps real estate investment firms automate workflows in fundraising, investor reporting, and investment management. He’s going to walk us through the process of growing a business from the ground up. Stay tuned!A Problem that Turned to an Opportunity In 2011, Jake was handling all the different things in his investment firm. From file storage, emailing back investor information, managing the data, keeping all the data accurate, doing back of the envelope calculations, and preparing presentation materials for investors. Everything was done manually! He found that it was a very repetitive and laborious process to maintain the work that they had at their company. He was looking for a more efficient way but couldn’t find any available solution offered in the market. It was then that Groundbreaker became a seed in his mind. He started his journey to building a company that helps real estate investment firms streamline capital fundraising and investment administration.Improving Investor Relations Building trust with your investors is integral if you want to scale your business. Jake points out the importance of being consistent when it comes to providing updates to your investors. Especially for people who are putting money into your business for the first time, these people would appreciate the level of honesty and consistency from you, as a business owner. Whether it’s about the wins or the challenges your company is facing, you’ll be surprised at how understanding investors can be if you just come to them with a degree of transparency in managing things. About Jake Marmulstein: Jake is an entrepreneur and business executive with a variety of experience, including ERP to SaaS, digital marketing to education technology, and hospitality to real estate. He has advised executives of early-stage companies, lead operations and finance, product, sales, and customer success efforts.In his current operating role, Jake is the Founder, President & CEO of the Real Estate Investment Tech SaaS company Groundbreaker Technologies. He made the initial angel investment, completed key hires, established selling, financial and operational systems, lead a Series Seed-round of financing, and continues to grow the company.Outline of the Episode:● [● [● [● [● [● [● [● [● [29:07] Being a good listener is a trait that is super helpful when you are running your own business!
