The trajectory from big tech to fintech is becoming increasingly common. What makes for a successful transition and what can big tech folks take with them in their new ventures?
Four local startups were named to NYC-based CB Insights‘ prestigious Fintech 250 this week, offering continued proof that LA’s tech ecosystem is diversifying.
It’s an alternative to lending directly to an individual or small firm, with the crowdfunding site doing most of the work, checking out the borrower and judging the loan’s risk – and chasing the borrower for payments if necessary.
Brew Johnson, like some of the other CEOs in this list, is a big fan of sitting down and physically writing a to-do list. The CEO of Manhattan Beach-based PeerStreet also looks to a famous warrior-poet for a little bit of productivity advice.
“PeerStreet is democratizing real estate investing by giving investors access to real estate debt opportunities, an asset class that was previously not available to non-institutions.”
The Lend Academy Team picks their favorite podcasts from the first 100 episodes and includes Brew Johnson and PeerStreet in their selection.
“The reality is many of the new business models may go out of business because they are simply taking too much risk on their loans. We’re positioning PeerStreet for the ups and downs of the American economy.”
PeerStreet has been recognized as the Best Overall Peer-to-Peer Lending Platform in the 2017 FinTech Breakthrough Awards. The mission of the FinTech Breakthrough Awards is to honor excellence and recognize the creativity, hard work and success of FinTech companies, technologies and products.
In anticipation for the 2017 Benzinga Global FinTech Awards, taking place May 11 in NYC, PreMarket Prep sat down with several of this year’s nominees. In this installment we talk with Brew Johnson, Co-Founder and CEO of the real estate debt investment platform PeerStreet, about the [...]
PeerStreet’s unique marketplace allows investors to diversify their capital in an asset class that has been traditionally difficult to access. Loans are sourced and curated from vetted private lenders throughout the United States who have local real estate expertise and borrower relationships.
“’We strive to be responsive to our customers and give them the information they need to make better financial decisions,’ said Brett Crosby, co-founder and COO of PeerStreet. ‘This is part of our larger philosophy of providing more access, transparency and control for our [...]
“The goal of our system is to create a company the can scale while maintaining the quality of our end investments. And to do it while creating a culture that continues to attract the highest quality people we can find.”
On Cheddar TV, Brett Crosby makes the case that bridge loans are actually community improvement loans.
“We were positively overwhelmed with the high number and high caliber of entrees. These finalists represent some of the most innovative companies that are radically improving financial services through technology.”
“The Top Emerging Real Estate Platform category focused on younger companies that have demonstrated the greatest potential to impact the future of real estate investing. PeerStreet stood out as the top platform with its unique model, as it is not a direct lender and brings an innovative [...]
“Customers of both Betterment and PeerStreet can now view their PeerStreet positions within their investment portfolio on the Betterment dashboard, raising the spectre of further consolidation between online wealth managers – or robo advisors – and marketplace lenders.”
“I’m absolutely stoked to share the details of my recent visit with the founders of PeerStreet and what I’m dubbing my favorite investment of 2017 and beyond. This is going to become a very substantial piece of my overall asset allocation. It’s not often I get very excited about an asset [...]
“How has PeerStreet stress-tested their model against real estate cycles?”
“We exceeded $200 million in origination volume by the end of 2016. Our KPIs are based on loan volume and quality. Loan volume is great, but no amount of volume matters if you don’t maintain quality. We think our approach allows us to grow while preserving quality.”
“It seems like all the players in the marketplace lending space felt the cloud of uncertainty that surrounded the industry last year. Except for PeerStreet.”
“He’s among a handful of ex-Googlers applying computer science to finance…PeerStreet, a marketplace that matches real estate with investors, was co-founded by Brett Crosby, a former product marketing director at Google.”
“With general acceptance of companies like LendingClub and Prosper, we can do something like that with a much better asset class.”
“’The entire fintech space is very heavily underused, and we’re only seeing the tip of the iceberg today,’ he said. ‘So innovation shouldn’t be looked at as this genius moment that someone has, on the contrary: all it takes is a small idea that a group of people iterate on, [...]
“Wall Street and new online lenders are bundling loans for home flippers into fix-and-flip mortgage bonds, offering a new way for hedge funds, private equity firms and other institutional investors to invest in the housing market.” Get started today with PeerStreet LEARN MORE
“We sat down with Brew in their Manhattan Beach offices to hear about how their new backing from Andreessen Horowitz will help them scale and what their plans are for the future.” Get started today with PeerStreet LEARN MORE
“The 2017 Benzinga Global Fintech Awards is a competition to showcase the companies with the most impressive technology that are paving the future in financial services and capital markets.” Get started today with PeerStreet LEARN MORE
Minutes 23 and 26 about PeerStreet: “We’re excited to bring you today’s interview with Noah Kagan, who invests in a different way than most of the guests we’ve had on the show. Noah currently runs several very successful internet businesses (SumoMe and AppSumo) and knew he didn’t want to [...]
“There is a mission driven aspect to what we are doing. We’re helping local communities and our lenders are making loans to borrowers that are going out and fixing up their communities, home by home and helping people create the American dream.” -Brett Crosby featured on [...]
“Headquartered in Manhattan Beach just across the street from the town’s iconic 24-hour diner, The Kettle, PeerStreet may be located in a small beach town, but the reach of this real estate investment firm is national.” Get started today with PeerStreet LEARN MORE
“The organization revealed that out of hundreds of applicants worldwide, the selected finalists were placed in 18 categories, which notably celebrate FinTech market leaders, emerging innovators, and top talent. Finalists were chosen based on innovation, emerging talent and top [...]
“A slimmed down focus will enable Gen 2 players to build more innovative, efficient and well established marketplaces that will ultimately provide a better product for the consumer, which bodes well for sustained growth and profitability.” Get started today with PeerStreet LEARN MORE
“As it becomes clear to the rest of the world that Los Angeles is no longer just a hub for entertainment, the amount of tech talent and new companies popping up in the area means 2017 will be just as big.” Get started today with PeerStreet LEARN MORE
“The MLA described the expansion as a ‘new chapter’ for industry growth and maturity. Online lending has been expanding into student loans and real estate platforms. Their membership is now reflecting this phenomenon.” Get started today with PeerStreet LEARN MORE
“With 14 new members the Marketplace Lending Associations now represents a broad cross section of the online lending industry.” Get started today with PeerStreet LEARN MORE
“The type of business you make depends on how the world inside it operates. That’s one of the tricks entrepreneur and Google analytics cofounder Brett Crosby wrote about when he detailed the best ways to infuse good work culture.” Get started today with PeerStreet LEARN MORE
“This was a big year for fintech, with new regulations, new startups, and new technologies displayed across events like Sibos and Money20/20, making it clear that the progress of fintech can’t really be stopped.” Get started today with PeerStreet LEARN MORE
“What happens when you combine one part Google, one part real estate and one part online lending into one fintech startup? What you end up with is PeerStreet, a new investment platform for real estate debt where accredited investors can contribute to real estate projects they believe in [...]
“Episode 32 is like no other we’ve done to date. Local guys, Brew and Brett, run a startup in nearby Manhattan Beach – and it’s disrupting the real estate financing market.” Get started today with PeerStreet LEARN MORE
“How framing and filtering by asset classes makes investing easier.” Get started today with PeerStreet LEARN MORE
“A great recap of some of the key learnings of the podcast to date. We dive into 10 investments Johnny and Sam have made recently through the learnings of the podcast.” Get started today with PeerStreet LEARN MORE
“LA continued to showcase its fundraising prowess during the month of November, bring in $232 million, $31 million more than October.” Get started today with PeerStreet LEARN MORE
“Real-estate crowdfunding investment platform PeerStreet, which one might remember from last week, just raised $15 million in a Series A.” Get started today with PeerStreet LEARN MORE