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Miller: 150 VC-funded real estate crowdfunding competitors went out of business

Ben Miller · Amazon.com · Acquired · Aug 16, 2022 · at 5:49

Ben Miller, CEO and co-founder of Fundrise, recounts the competitive landscape of online real estate crowdfunding after Fundrise launched in 2012.

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“In 2012, we invented the idea of raising money for real estate on the internet. And within a few years, we had a 150 copycats, a 150 different companies trying to do what we were doing with a billion dollars of venture funding. So then roll forward eight years to now, and all of those companies basically gone out of business.”

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