August 13, 2020

#141: Drew Sterrett, Co-Founder & CEO of LEX, on Creating the First and Only Commercial Real Estate Securities Marketplace Available to All Investors, Raising $4M in VC Funding, and Disrupting an Industry

45 minutes

Drew Sterrett is the co-founder and CEO of LEX, a commercial real estate securities marketplace for all investors and real estate owners. Drew and his co-founders, Dean Sterrett and Jesse Daugherty, began LEX in 2017.

With LEX, you can diversify into commercial real estate properties with the potential to earn passive income and build wealth $100 at a time. LEX makes real estate investing simple by providing investors the freedom to purchase into individual commercial real estate properties through the publicly issued stock of the issuer. Investors benefit from transparency and LEX's research functionality. For property owners, LEX provides a more efficient and cost effective way to raise capital through a public offering of a partial interest in the property at fair market value.

Connect with Drew Sterrett

LEX
LEX app on IOS
Facebook
Twitter
LinkedIn
[email protected]

Some of the Topics Covered by Drew Sterrett in this Episode

What is LEX and its origin story
Why LEX is the first of its kind
The first year and a half spent researching, planning and preparing to raise capital and go full time with LEX
Raising funds through VC
Why Drew and his co-founders, Dean Sterrett and Jesse Daugherty, make a good team
The roller coaster that is entrepreneurship
Customer acquisition for LEX
Expectation versus reality for Drew and his co-founders while building LEX
How COVID has affected LEX and what they're focused on today
Scaling supply and demand and managing customer feedback
Building out LEX's team and culture
Challenges Drew and his team have faced along the way
How Drew views his entrepreneurial journey and getting past doubts
Networking and asking for advice
How Drew structures his time, work-life balance and what he does to recharge
Drew's book recommendations
Drew's favorite parts of being an entrepreneur
Drew's advice for entrepreneurs

Links from the Episode

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Greycoft
ATS
The Hard Thing About Hard Things by Ben Horowitz
Zero to One by Peter Thiel
The Tycoons by Charles Morris
Barbarians at the Gate by Bryan Burrough and John Helyar
Acorns

...more

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By Justin Gordon

4.9

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