The Everyday Millionaire
Episode #70 – Michael Moll – Trailblazer; Visionary
“Ideas don’t have to come from technical people, they really have to come from a place of understanding a marketplace, understanding the pain, and understanding that solution will really make revolution in wherever you’re at. Whether it’s business efficiency, saving lives, more transparency...I think we’re now going into a new industrial revolution which is the revolution of ideas...” – Michael Moll
Michael is a social commerce visionary who dreams of using technology to transform human activities. He has a keen eye for visual communication and product development. He is obsessed with the power of co-creation. Michael has created, implemented and launched three successful startups in the last decade. In 2017 he was hand-selected to pitch his gardening app on the Canadian startup TV series, Dragon’s Den.
He grew up in Kenya and was awarded a full scholarship to study in Vancouver, Canada at University of British Columbia’s Sauder School of Business in 2008.
Michael’s expertise in marketing, business and technology led him on the path to co-creating REITIUM, an asset-backed blockchain real estate investment marketplace, protocol and secondary exchange.
Dedicated to educating millennials, the unbanked and investors on the power of smart contracts, Michael sees tremendous possibility and growth potential in worldwide real estate investing.
Show Notes
[02:01] Patrick introduces his next guest, Michael Moll.
[04:23] Michael and Patrick get underway with Michael’s elevator pitch; who is he and what the heck is REITIUM?
[05:56] Michael provides context and a deeper dive into REITIUM, a real estate crowd investment platform he co-founded, which is built on innovative blockchain technology.
[09:24] For more clarity, Michael highlights the differences of what investing in the REITIUM platform means vs. traditional REITs. Accessibility is an overarching distinction.
[13:51] Michael explains the thorough due diligence, compliance and best practices that REITIUM undertakes for a new asset offering. Their relationship driven approach allows them to draw on a number of sources for investment opportunities which gives investors more choice.
[18:37] Blockchain, bitcoin, cryptocurrency; oh my! Michael breaks it all down. He illustrates how blockchain works, it’s specific application for REITIUM, the benefits it provides for ease and transparency, cryptocurrency efficiencies, broader accessibility and what the future looks like in digital monetary transaction technology.
[27:59] What does efficient liquidity look like for REITIUM investors? How does it differ from more traditional investments?
[32:05] Patrick clarifies the intent for digging in so deeply with REITIUM; not as an infomercial, rather to provide context for listeners to learn where technology is taking the real estate investment market and the workings behind it from one of the leaders in this space.
[32:45] Michael explains how an investor can explore projects and offerings on the REITIUM platform, the diversity and choice REITIUM can offer and how an investor can match this criterion with their strategy.
[36:00] Where REITIUM has come from, where they are now, and where they are going.
[37:42] Michael offers his observations and learnings so far about the future of real estate, what people are starting to look for and where some of the gaps show up.
[40:26] In Michael’s experience, where do the main differences and advantages show up with the advent of this new technology and emerging economies?
[45:44] Now for a shift in gears, Michael shares his journey from Kenya with a lifelong interest in technology, to the UBC Sauder School of Business in Vancouver and further to the space he’s in now of emerging and cutting-edge technologies.