This podcast episode focuses on Avestar, a technology platform that offers customizable private funds. The episode highlights the advantages of customizable funds in giving investors more control over their investments. Avestar's revenue model, which involves charging an asset under management fee, is explored. The platform also provides support for fund managers in marketing and scaling their funds. The episode discusses the growth and challenges in the private fund industry and the significance of the Direct Investment Program (DIP) model in generating revenue. Additionally, the episode mentions Avestar's marketing strategies and growth plans. The speaker concludes by emphasizing the importance of adequate sleep and expressing their desire to have pursued entrepreneurship earlier in their career. The episode provides insights into the private fund industry, the unique offering of customizable funds, and Avestar's role in supporting fund managers and investors.
Takeaways
• The private fund industry has gained prominence, with customizable funds offering more control and choice for investors.
• Avestar is a technology platform that provides end-to-end solutions for sponsors to build customizable private funds.
• Avestar charges an asset under management fee based on the size of the funds created on the platform, generating steady revenue.
• The platform offers a range of asset classes, including real estate, judgment leans, and music streaming rights.
• Avestar focuses on transaction volumes and facilitating micro investments, contributing to its growth potential.
• The platform assists fund managers with various aspects, such as legal and regulatory matters, fundraising, and marketing.
• The company aims to diversify its revenue streams and be a leading Fintech player in the industry.
• The total AUM under management is growing, with an increasing number of funds being created on the platform.
• The DIP model accounts for a significant portion of the company's revenue.
• The company uses paid ads, with Facebook ads being the most effective channel for advertising.
• The speaker emphasizes the importance of adequate sleep and describes their family status and career regrets.
