Example: From Laborer to Real Estate Tech
Naval
English - April 26, 2019 07:55 - 5 minutes - 4.98 MB - ★★★★★ - 2.1K ratingsInvesting Business Technology education technology engineering gettingrich investing learning science startups wealth Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Pick a Business Model With Leverage
Next Episode: Judgment Is the Decisive Skill
The continuum from laborer to real estate tech company goes from low accountability to high specific knowledge, accountability and leverage.
• Laborers get paid hourly and have low accountability 0:19
• General contractors get equity, but they're also taking risk 1:20
• Property developers pocket the profit by applying capital leverage 2:14
• Architects, large developers and REITs are even higher in the stack 3:16
• Real estate tech companies apply the maximum leverage 4:05
Transcript: http://nav.al/laborer-tech