Fundrise: From Crowdfunding Local Shops to a $7 Billion Real Estate Giant
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Show Notes
In this episode of pplpod, we explore the history and growth of Fundrise, a Washington, D.C.–based fintech company founded in 2010 by brothers Ben and Dan Miller. We discuss how the platform pioneered equity crowdfunding—launching the first crowdfunded real estate project in the U.S. even before the passing of the JOBS Act.
Tune in to learn about:
• The "eREIT" Revolution: How Fundrise utilized Regulation A+ to launch the world's first online Real Estate Investment Trust in 2015, democratizing access to commercial property investments for accredited and unaccredited investors alike.
• Major Milestones: From offering bonds for the 3 World Trade Center construction to securing massive credit facilities from Goldman Sachs and J.P. Morgan for single-family home development in the Sun Belt.
• Expanding Horizons: The company's recent move beyond real estate into venture capital with the Innovation Fund, offering retail investors access to companies like OpenAI and Anthropic.
• Corporate Challenges: A look at the company's internal hurdles, including a 2016 extortion investigation involving a former executive.
Join us as we break down how this award-winning fintech manages approximately $2.87 billion in equity today.