Author Archives: David Drake

Six Mistakes I’ve Learned through Failure

by David Drake I have failed hundreds of times with startups. From coupon cutting to club promoting, from restaurant services to technology companies, from venture capital funds to hedge funds, you name it and I can tell you where I failed. But I have not stopped trying. In fact, I use the failures I’ve faced in the past 30 years […]

How Family Offices and Angels Invest in Metals and Mining Crowdfunding

  by David Drake Natural resources like minerals and metals are used in all major sectors of a country’s economy. Based on statistics released by the International Council of Mining and Metals (ICCM), an increase in the demand for minerals is witnessed when a country’s urbanization gets to 30 percent and the per capita income is between 5,000 and 10,000 […]

Family Offices 101: How to Catch a Billionaire Client

Family offices and big banks are both chasing after the fortunes of ultra-high net worth individuals (UHNWI), a growing global population. The Knight Frank’s annual Wealth Reportprojects that by 2023, the number of billionaires will rise by 38 percent and the number of UHNWIs by 59 percent. Where does their money come from? Aside from family fortunes handed down to […]

5 Reasons why Hard Money Lenders are attracted to Crowdfunding?

Hard money lenders are small groups of investors or private individuals who lend money to house flippers or real estate developers based on the property they are buying and not their credit score. Such loans can cost up to twice the average mortgage and feature high origination fees. Despite this high cost of borrowing, real estate entrepreneurs can access up […]

Old Tycoons, New Moguls

  by David Drake Although family offices have existed for more than a century, many are unfamiliar with the services they provide, because of the high level of confidentiality their clients demand. While both banks and family offices can provide confidential financial services, family offices are far more personalized and also offer services in areas other than finance. The level […]

Anatomy of a Real Estate Crowdfunding Transaction

by David Drake Crowdfunding has now grown from a niche to a legitimate platform for funding projects of all kinds by raising money from the public at large. Nowhere has this been more pronounced than the real estate sector where there are now a number of crowdfunding platforms offering investors the chance to participate directly in real estate projects. Traditionally, […]

The True Power of the Crowd: 5 Real Estate Projects Which Made History

The true power of the crowd lies in its ability to find its place in the market and to make investment decisions itself. Nowhere is this more true than in the real estate crowdfunding space. Despite the present limitations required in the JOBS Act that only accredited investors can play the equity crowdfunding game, the power of the crowd is […]

Wall Street Diaspora Seek New Families

There’s a growing trend on Wall Street that’s keeping everyone on edge: an exodus of talent. For better than a century, those with dreams of working in the world’s most massive, dynamic market have flocked to Wall Street. But in the last decade, the standard compensation package at most firms — 20 years of 100 hour weeks in exchange for […]

Family Offices: Boutiques And Big Banks Vie For $46T In Assets

Family office businesses are booming around the globe, largely in response to increased demand from a growing demographic – wealthy individuals with at least $1m in investable assets.  That demographic grew by over 9% in 2012, to 12 million individuals worldwide, according to a report from Capgemini and RBC Wealth Management. Nearly 85% of wealthy families today squander their fortunes […]

The Key To Getting Funded? Investor Relations

by David Drake Since the JOBS Act became law in 2012, the Crowdfunding industry has spawned multiples businesses and an ecosystem made up of investors, entrepreneurs, and communicators. That’s right communications, or in this case Investor Relations is the key to getting funded or not. The key to a good conference call and the power to webcast that conference call […]