Andrew Kim from SHARE

Andrew Kim is the CEO and Co-Founder of SHARE.

SHARE is a real estate investment company that streamlines the end-to-end process of buying and managing high-return single-family rental homes on behalf of investors in the US, Canada, and abroad. They make investing in and owning real estate as easy as stocks by enabling investors to reap the benefits of real estate ownership without the burden of full-time landlord duties.

Takeaways

Share aims to make the US single-family rental market more accessible to retail investors by providing institutional-grade asset management.

His early ventures Joyus and Kingmaker.

Andrew's time at Loblaw Digital from the early days to scaling to hundreds of people.

The impact of higher interest rates on real estate.

Venture-backed versus bootstrapped.

Keeping a small and lean team.

Chapters

00:00 Early Ventures: Joyus and Kingmaker

04:00 Joining Loblaw Digital

07:18 Leaving Loblaw Digital and Starting Share

11:23 The US Single-Family Rental Market

16:00 Scaling the Business and Team Composition

21:05 Impact of Interest Rates on Strategy

23:16 Competition and Future Growth

25:18 Motivation and Drive as a Founder

26:13 Team Composition and Lean Operations

28:44 Venture vs. Bootstrap and Maintaining a High-Performing Team

32:15 The Startup Scene in Toronto

34:13 Conversations with VCs and Investors

35:57 Investing in Share vs. Physical Real Estate

39:51 Dealing with Hard Times and Personal Solace

39:58 Final Thoughts and Taking Action