Real estate tech startup scales from $0 to $20M in 3 Years!

Scaling a Real Estate Startup From $0 to $20 Million in 3 Years with Alex Day

Alex Day is a real estate tech entrepreneur and Founder & CEO of Modus, a venture capital-backed, tech-enabled title insurance and escrow business, which he successfully sold to Compass in October 2020.

In today’s conversation, Alex shares his vast experience scaling startups. Between 2014 to 2018 he played a pivotal role at Peach – an SMS-based lunch delivery service that predated the mainstream emergence of industry giants like Doordash and Uber Eats.

He then leveraged that experience to build Modus. After bringing the idea to a startup hackathon (and winning 1st place), he and his two co-founders decided to go all-in. In a remarkable span of three years, Modus experienced rapid growth, scaled to ~$20 million in annual revenue, and expanded its operations to Washington, Florida, and Texas, employing a dedicated team of more than 150 full-time employees at its peak.

In October 2020, a significant milestone in Alex’s career was the acquisition of Modus by Compass, in a notable high 8-figure deal.

In this episode, you’ll learn:

✅ Alex’s motivational journey from startup to $20 million in revenue in three years, scaling up to 150 employees, and achieving a high 8-figure exit within the same timeframe, all amidst the challenges of COVID.

✅ Strategies for managing and leveraging wealth after an exit to fuel further successes, embark on new ventures, and make a positive impact on the community.

✅ An in-depth account of all the rewarding as well as excruciating details founders face during the exit process.

Key Takeaways with Alex Day

00:00 Introduction
00:55 Entrepreneurs come in all shapes and sizes
07:30 Great things wait on the other side of your comfort zone
10:40 Creating the original DoorDash
13:55 There are no failures, only lessons
17:40 Burn the boats
18:30 Scaling from zero to $20 million in three years
30:50 The investor vs. the entrepreneur mindset
39:25 The Lifestyle Investor Mastermind experience

Want to listen to the full interview with Noah Kagan? Visit http://justindonald.com/174

#realestateinvesting #startup #investing #entrepreneur

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About Alex Day
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Alex Day is a General Partner at Alchemy focused on fundraising and organizational scaling. After graduating from Colorado College with a B.A. in Economics, Alex moved to Seattle to work at Amazon and various technology startups after college. Prior to Alchemy, Alex was a real estate tech entrepreneur and Founder & CEO of Modus, a venture capital-backed, tech-enabled title insurance and escrow business, which he successfully sold to Compass (NYSE: COMP) in October 2020.

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