Joshua FraserChief Data Nerd, Data Nerds · CEO at Data Nerds, AI & Data Entrepreneur

🚀 Best Decision I Ever Made! 💼 #realestate#entrepreneur #entrepreneurship #business

Name: 🚀 Best Decision I Ever Made! 💼 #realestate#entrepreneur #entrepreneurship #business
Uploaded: 2024-09-05T17:45:00+00:00
Duration: 57 s
Channel: Joshua Fraser
Description: In this monologue, Joshua Fraser recounts his journey creating a B2B property‑lookup platform. After early user demand, he sought mentorship, joining…

5 Sept 2024 · 1 min

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In this monologue, Joshua Fraser recounts his journey creating a B2B property‑lookup platform. After early user demand, he sought mentorship, joining Accelerate Okanagan in Kelowna, British Columbia, which connected him to Techstars—a 14‑week intensive accelerator akin to Y Combinator. He delayed raising external capital, hoping to self‑fund and retain full ownership, but eventually secured a $3 million Series A round from Foundry Group in January 2018 at a $12 million pre‑money valuation. The company was sold in 2022 for $15 million, essentially returning investors’ capital with modest interest. Fraser retained 68 % ownership, illustrating the financial impact of his fundraising timing decisions.

Chapters

We had a few users come out to us and we're like, hey, Josh, we want to look up 500 properties a month, 1,000 properties a month instead of 20. And I was like, oh, yeah, I'm sure I could build you something like that. But I don't really know how to build a B2B enterprise software company. And so I started talking to mentors. I joined Accelerate Okanagan here in Kelowna, British Columbia. They introduced me to techstars, which was the best decision I ever made. It's a 14 week all intensive startup program similar to Y Combinator. They let you pitch 100 plus investors on the final day. We end up raising $3 million from Foundry Group in January of 2018 to build the product. Because I couldn' fund to build it. I didn't raise at the end of techstars. I waited another eight months because I thought I could fund it myself and keep 100% ownership. And that is a smart idea as an entrepreneur, essentially. We raised 3 million bucks at a $12 million valuation. And we sold in 2022 for $15 million. Pretty much a wash. Gave our investors their money back with a little bit of interest. And I own 68% of the company, so you guys can do the math on that of where I am today.