Mar 7
Giri Devanur Founder of reAlpha
Giri Devanur is the founder and CEO of reAlpha, a cutting-edge technology firm that aims to enable anyone to invest in the $1.2 trillion short-term rental industry. Prior to starting reAlpha, he was the President and CEO of Ameri100 Inc., where he grew the company from nothing to $50 million in revenue in under four years and completed its Nasdaq IPO. In 2017, Giri was named E&Y Entrepreneur of the Year, and he wrote the book “Nothing to Nasdaq.”
Giri has worked in the information technology business for almost two decades. He started WinHire Inc. and Ivega Corporation with great success. In 2004, Ivega and TCG joined, forming a 1,000-person IT consulting firm with a distinct differentiator.
Giri graduated from Columbia University with a master’s degree in technology management and a bachelor’s degree in computer engineering from the University of Mysore in India. He also studied at the Massachusetts Institute of Technology and Harvard Law School’s Executive Education programmes.
How did you come up with the concept for reAlpha?
Giri Devanur (Giri Devanur): I got a call from a buddy who was interested in purchasing a $400k Airbnb property. She didn’t have the required 25% down payment of $100,000 at the time. She approached me after a while and asked if I could lend or fix the problem! That’s when the concept of developing a platform for people to invest in real estate without needing to spend hundreds or millions of dollars on the front end came to me. Soon after, I and a group of like-minded individuals formed our company, reAlpha! That marked the start of our mission to democratise real estate investing in the rapidly growing Airbnb short-term rental sector.
What does a typical day look like for you, and how do you make the most of it?
Giri Devanur (Giri Devanur): There are no two leaves alike, and no two days are the same. My schedule might be hectic at times, but I do my best to maintain a regimen that allows me to take care of my body and mind while also performing well at work. I get up at 5 a.m. to start my day. Following my meditation and a trip to the gym (during which I listen to podcasts), I begin by calling our Nepal and India teams. After that, I focus on finance-related topics before moving on to marketing. That’s how I normally spend my mornings. Afternoons are reserved for operational concerns. Evenings are for brainstorming new product ideas and the like.
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