41: Brew Johnson: The New Engine Driving PeerStreet and LA’s Hot Tech Scene
By Sam Marks / Johnny FD
Brew Johnson is the Co-Founder and CEO of PeerStreet, a P-2-P lending platform that collateralizes borrowers property to secure the loans with the underlying real estate asset. PeerStreet has been turning on investors to a great asset class once only accessible to banks and institutional investors. We sat down with Brew in their Manhattan Beach offices to hear about how their new backing from Andreeson Horowitz will help them scale and what their plans are for the future. If you haven’t yet listened to Episode 13 with Brett Crosby, be sure to check it out first as it talks more in depth about what PeerStreet is strategies around utilizing the platform. Links: PeerStreet - Website @brewjohnson - Twitter Where are we: Manhattan Beach, California Discussed: PeerStreet vs. Lending Club - ILAB 13 Stan’s Brutally Honest Factual Expertise About Annuities - ILAB 04 Exotics Racing - The Ultimate Supercar Driving Experience Nomad Summit - Successful digital nomad conference Child's Dream - Empowering underprivileged children Book: The Sale of a Lifetime - Harry Dent Time Stamps: 04:01 - Brews nickname 05:02 - Manhattan beach town 06:00 - Best mortgage based city 10:15 - Snapchat’s valuation 12:00 - SpaceX Elon Musk 13:36 - Denmark with family 14:00 - Founding company partnerships 21:21 - Tech & business Co-founders 23:40 - Young entrepreneurs 26:07 - Andreessen Horowitz 32:00 - Company growth 36:40 - Borrowers & Lending Club 40:37 - Loan to value valuation 46:30 - Beach, sharks and board meetings 48:16 - PeerStreet weekly payouts 53:40 - LA’s tech scene 56:00 - Driving a Ferrari 59:40 - Investing 10k in the PeerStreet team 1:06:05 - Short term loan perks 1:14:11 - Empowering underprivileged children If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.