Founder Profile: AI Enabled Capital Raising With Dan Summers, Founder And CEO Of eVest Technology

It was a very daunting challenge. Technology and Real Estate do not currently coexist in any substantive way. Consequently, the decision to move forward as a singularly focused technology platform mandated intense scrutiny and third party input.

I had to rely on traits and nuances learned from decades of founding and building-out companies from cradle-to-grave. Fortuitously, I learned several cornerstone propositions that have served me well over the years:

• Make sure the endeavor is opportunistic and not already flooded with competition.
• Make sure you understand the barriers to entry.
• Make sure you can outperform any existing competition.
• Do not go into any venture under-funded.
• ALWAYS hire a team smarter than you. One $100,000 employee is far better than 2 at $50,000 each.
• Make sure your team buys into your passion, takes ownership and views their employment as a career not a job.
• Create an employment environment where people want to come to work every single day.
• Make sure your team is compensated for success. They need to participate in every single success the company realizes.
• Always keep a seat at the poker table. You can’t win unless you’re playing.

A comprehensive White Label software enhanced with Artificial Intelligence (AI) for any company or individual raising capital and/or managing investors.

Investor harvesting tool. Driven by AI, this tool mines API’s for Big Data via our proprietary algorithms. It then aggregates and correlates the results to generate a unique list of prospective high networth investors.

Our SEC compliant technology eliminates the traditional PPM requirement. Our Online Public Offering (OPO) platform digitizes the requisite information for massive electronic distribution so investors can make a prudent business decision immediately and seamlessly.

Our customized CRMs offer Sponsors an ability to view real-time activity such as pledging, accreditation, doc execution and funding. Further, filtered email communication, document dissemination and automated dividend payments and K-1’s are all internally integrated.

The secret sauce to any investment is to generate adequate capital through the investment community. We have developed a predictive analysis tool to solve for that quandary. Our algorithms reach into private and public API’s to aggregate data and push to a predictive machine that has learned how to correlate the data into a science driven outcome i.e. unique high net-worth individuals.

Our core customer is real estate developers, owners and operators. But don’t mistake the flexibility of the technology. It has the technical ability to cross over to most any other industry.

We are by far the least expensive and most transparent of the white label investment platforms. We charge a nominal one time set-up fee and a simple monthly license fee that is “not” indexed to the amount of capital raised. Our Series A proforma suggests a 60% retention rate year-over-year. Conservative…yes but we plan for the worst.

Frankly, I can’t predict the flavor of the day 60 months prematurely. I can however predict the versatility of the platform and to whom it can and will serve. An ideal candidate is a Blackrock, Charles Schwab, Wells Fargo kind of user. They have thousands of RIA’s advising thousands of clients on investing. My platform will eventually have hundreds of investment opportunities all serviced under a singular portal (RealtyeVest). Kind of a buffet. A one stop shop for their clients.

Yes…Tech companies trade at a 10-12 X EBITDA. Our proforma indicates a $9,000,000 EBITDA EOY 5 resulting in a $90,000,000 valuation.

Online investing IS the new traditional. We have gone to great lengths to create our Online Public Offering (OPO) technology so it would be insane not to utilize what we created. We “believe” this process is the Modern Day Syndication process already displacing the traditional Private Placement Market.