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Episode 167:

Data-Driven Investing and Company Building with Ben Miller of Fundrise

December 6, 2023

This week on The Data Stack Show, Eric and Kostas chat with Ben Miller, the Co-Founder and CEO of Fundrise. During the episode, Ben discusses how Fundrise democratizes investment opportunities in asset classes such as corporate real estate and venture capital. He explains how Fundrise is a data-driven company and discusses its approach to data modeling and analysis while also sharing his views on the future of data infrastructure, emphasizing the need for it to be accessible to non-technical users. The conversation also covers the role of emotions in investment decisions, the challenges of data analysis in the financial industry, and more.

Notes:

Highlights from this week’s conversation include:

  • Ben’s background in real estate (3:27)
  • Why Fundrise was Started (4:37)
  • Democratizing Investment Opportunities (6:35)
  • Investment Thesis for Venture (11:55)
  • Challenges with Data and Technology (12:34)
  • Importance of Data Model Abstraction (20:03)
  • Data Infrastructure and Investments (23:22)
  • Evolution of Data Engineering (25:12)
  • Closing the Tooling Gap (34:23)
  • The user base segmentation (36:28)
  • The emotional reality of investment decisions (40:50)
  • Data inputs for real estate investment (47:07)
  • The work of data infrastructure (48:28)
  • The limitations of underwriting analysis (49:36)
  • Improving accuracy with data infrastructure (52:43)

 

The Data Stack Show is a weekly podcast powered by RudderStack, the CDP for developers. Each week we’ll talk to data engineers, analysts, and data scientists about their experience around building and maintaining data infrastructure, delivering data and data products, and driving better outcomes across their businesses with data.

RudderStack helps businesses make the most out of their customer data while ensuring data privacy and security. To learn more about RudderStack visit rudderstack.com.

About the Podcast

Each week we’ll talk to data engineers, analysts, and data scientists about their experience around building and maintaining data infrastructure, delivering data and data products, and driving better outcomes across their businesses with data.

To keep up to date with our future episodes, subscribe to our podcast on Apple, Spotify, Google, or the player of your choice.

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