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No. 1 Mistake: Not listening to the market
Today's Entrepreneur is Tore Steen, Co-founder and CEO of CrowdStreet. CrowdStreet is a company that provides real estate operators, funds and private equity companies a full-service marketplace solution for presenting investments online, marketing opportunities publicly, managing the offer process and maintaining ongoing investor relationships.
Steen went to University of Notre Dame for his degree in Political Science in 1991 and he got his MBA at Duke University last 1996.
CrowdStreet (currently in the top 8 finalist) is competing in Vator Splash Oakland 2015 global startup competition.
CrowdStreet self-categorizes itself in these areas: Crowdfunding, Financial services, Internet, Real estate, and Software as a service.
The top 8 finalist will compete and present live on stage in front of several hundred tech influencers (CEOs, media and investors).
Here's a little about Steen:
I am a(n): Entrepreneur
Companies I've founded or co-founded: CrowdStreet
Companies I work or worked for: CrowdStreet, Janrain, WebTrends, Earthlink, Ernst & Young, US Bank
Achievements (products built, personal awards won): Bringing the first Saas solution for social login to the market in 2008 which benefits both consumers and websites.
Partnering with Google in late 2001 to be the first in the market to offer Google Ad Words through an online portal (the My Earthlink portal).
If you are an entrepreneur, why? Solving big problems by leveraging the internet and software.
My favorite startups: Uber, Humin, Slack, Evernote, eShares
What's most frustrating and rewarding about entrepreneurship/innovation? The most rewarding aspect of innovation is seeing the huge value that your products and services provide to both consumers and businesses in ways they have not seen before.
What's the No. 1 mistake entrepreneurs make? Not listening to the market (customers, suppliers, partners) and leveraging the data in determining pivot points or adjustments to product/positioning.
What are the top three lessons you've learned as an entrepreneur?
- Strategically prioritize the multitude of opportunities in front of you
- Build a great team
- Hire slow / fire fast
Multi-faceted executive with over 20 years experience in building, selling and marketing SaaS products and online consumer marketplaces, formulating and managing strategic partnerships, mergers and acquisitions, and new business ventures.
*Want to be included in our Today's Entrepreneur series? Email me: firstname.lastname@example.org
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CrowdStreet provides real estate operators, funds and private equity companies a full-service marketplace solution for presenting investments online, marketing opportunities publicly, managing the offer process and maintaining ongoing investor relationships. The CrowdStreet solution is enriched by services and business partnerships that empower real estate sponsors to modernize their fundraising processes and embrace online capital formation. Accredited investors, institutional investors and family offices access an intuitively-designed platform to find institutional-quality real estate investments, complete an online offer workflow, track investment performance and build a commercial real estate portfolio. Based in Portland, Oregon, CrowdStreet was founded in 2013 by a team with deep experience in commercial real estate, securities and finance, marketing, consumer Internet and software development.