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SummaryHey everyone. Stay tuned to the end of the interview where I’ll give you some actionable insights that I learned from my guest. These insights are also in the show notes. As always, thanks for listening.
Now on to my guest for today, Perry Zheng, founder and CEO of Cash Flow Portal.
Perry started working as a software engineer in 2010, working for fast-growing companies like Twitter and Lyft. Five years into his career, having reached the position of engineering manager, he started investing in real estate. First he bought a house and lived in it, renting out the other bedrooms. He repeated this a few times and gradually accumulated more properties.
Ultimately he decided to take a bigger step of investing in a multi-unit property, which required bringing on other investors. He found, however, the process of basic tasks like obtaining signatures and transferring money was inefficient. This led him to hire a team to develop a software program that people like himself could use, ending up with Cash Flow Portal.
Perry didn’t dive head-first into being an entrepreneur. As a manager at Lyft, he could afford to invest in the company and pay employees while continuing to work. He bootstrapped the company for the first year and a half until he saw that he had a viable product. Once he started to work on attracting investors in order to grow his company, he decided it was time to become a full-time entrepreneur, and he now has a clear vision of where he and his company are headed.
Now let’s get better together.
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