Conquering Columbus interview
This is conquering Columbus Hey! What’s going on everybody? Welcome to the conquering Columbus podcast. This is Andy. The show editor, and mixer. In this episode- Mike and Josh got the chance to talk with Giri Devanur, CEO of reAlpha.
A Fintech company whose mission is to marketaising in the real estate market. During their conversation, Giri spoke about his desire to become a trader early in his career. But a friend actually gives him a piece of advice. That ultimately pushed his career in a different direction.
Giri Devanur 00:31
So I was in Montgomery securities. I was on the trading floor all the time in San-Francisco, 25–26 kind of. I wanted to be a trader. But you know that one of the trader friends of mine, now he is CEO of a large investment bank in the Bay Area. He advised me. He said: Giri! You know technology well, don’t bother about coming to finance. Stick to Tech. That was such great advice. And then I have remained in tech a long time since that.
Conquering Columbus 00:57
Next, He talked about the power of learning from business failures. And how an investment from the Lehman Brothers taught him some very valuable things.
Giri Devanur 01:04
So we failed, not because we wanted to fail right. The failure happened in 2007–2008. When Lehman’s brother collapsed. Our investor for that project was the Lehman Brothers. They were about to put 300 Million in equity, and 900 Million in debt. We were 5 weeks away from getting that money. And then you know, when they collapse, we become collateral damage.
Conquering Columbus 01:26
And last he offers some insight into what he’s learned about the entrepreneurial journey, and how it’s always changing.
Giri Devanur 01:31
In the entrepreneurial journey, One thing that I’ve learned is: You can’t possibly put in all the details of a roadmap. Building a startup is like you know, creating a map. There’s no map. You know that you’ll have to figure out yourself right. Even when you do it a second or third time, every time; products would have a change, the market would have changed, customers. Literally, everything changes every single day. So there is no map.
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