E116 Nada CityFunds, a new way to own real estate, w/ CEO Tore Steen on Fireside with a VC. Tore is the CEO of Nada which operates CityFunds. Nada helps homeowners and individual investors solve the challenge of accessing and investing in home equity by providing a platform for home equity investment without additional debt or monthly payments. Homeowners sell a home share in exchange for cash and investors may invest in a CityFund that owns home shares in many homes in a specific high growth city or invest in the entire basket of home shares across multiple cities. Tore previously cofounded CrowdStreet, the largest online real estate investment platform in the U.S. having raised and invested over $4.4bn primarily from accredited and retail investors, where he raised over $50m of VC funding and additional venture debt funding. Tore joined Nada first as a board member and now as CEO.
Links and Resources:
- Watch the full episode on YouTube: https://youtu.be/uvDWJvJMuzI.
- Find all episodes of Fireside with a VC on your favorite podcast platform: https://podcasters.spotify.com/pod/show/FiresideVC.
- Learn more about Nada and their CityFunds: https://www.nada.co/
- https://www.cityfunds.com/
- Follow on Tore on LinkedIn: https://www.linkedin.com/in/toresteen/
- Contact Tore: tore@nada.co
- Follow Andrew Romans on LinkedIn: linkedin.com/in/romans/.
- Join our Newsletter to get our insights and curated content from the VC-startup ecosystem - Fireside with a VC: https://subscribe.7bc.vc.
- Learn more about 7BC Venture Capital here: https://7bc.vc/.
- Get Andrew's new book here: Masters of Raising Venture Capital: https://www.amazon.com//dp/B0DHH5M4TM/.
- Get Andrew's book on Corporate Venture Capital (CVC) here: Masters of Corporate Venture Capital: http://rb.gy/u46e9r.
Join the conversation, leave comments, and tell us what you think about these topics and this episode.