The Process: Assessing the Founder/Company Fit (Ep. 5)
After taking a break for summer, “The Process” is back! Alex and Mike discuss the latest with Kairos: how their recent investments have fared and what’s in store for their upcoming K50 event in late November. The K50 program is a global recognition of the 50 most-innovative startups from around the world, with young founders tackling global challenges. Companies are awarded at the top of the World Trade Center in front of 100 of the most influential CEOs, investors, media, and leaders of today. Alex then invites on Michael Wong, founder of Homevest, a company they are considering investing in. Alex wants Mike to get a chance to meet a founder pre-investment and assess whether he has what it takes to execute on his ambitious vision. Homevest is a service helping homebuyers purchase their first home by contributing to the down payment. They don’t lend money - instead they invest with you in a new home, sharing ownership, the mortgage and expenses proportionately. Homevest creates a halfway point between buying and renting. Partnering with Homevest means you just pay what you can afford for the down payment, and buy part of a home first, instead of waiting and saving for years. Homevest buys the other part of the home and rents it back to you. As a co-investor, you can repurchase home equity at any point, and you alone control when to sell. Listen to more episodes of "The Process" here!