TGCI 181: Managing your investments with InvestNext

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Episode 181: Managing your investments with InvestNext

Copy of EP #18 - 2 Guests


In today’s show, Pancham interviews Kevin Heras – CEO and Co-founder of InvestNext.

From a side project to a full-time venture, InvestNext has been modernizing the way real estate syndications and investment firms to raise and manage capital! Kevin is bringing investing to the next level as the software platform is now managing 1600+ syndications and billions of dollars in capital!

Discover what the investment portal has to offer in this episode as he shares its features, benefits to passive investors and active syndicators, and how it makes investing easier! He’ll also share how InvestNext brings the entire transaction in one place, and how it helps establishing trust and good relationship with your investors!


Listen and enjoy the show!

Pancham Gupta
Screen Shot 2022-03-22 at 11.39.47 AM
Kevin Heras

Tune in to this show and enjoy!

Copy of Quote #00 - 1 Guest

Timestamped Shownotes:

  • 2:04 – Pancham introduces Kevin to the show
  • 3:35 – His college experience that made an impact on building InvestNext
  • 10:44 – Creating the all-in-one investing experience for passive investors
  • 14:06 – What makes InvestNext different from other investment portals
  • 16:49 – Fully-built dashboard and having full database access to sponsors
  • 19:46 – On integrating your email clients to your profile for easier tracking
  • 22:32 – On building strong customer relationships through InvestNext
  • 28:04 – Taking the Leap Round
  • 28:04 – On investing time and sweat equity in InvestNext
  • 28:38 – Overcoming fears by working with his “what ifs” and doubts
  • 30:41 – His investments that didn’t work out as expected
  • 33:18 – His message to those who hesitate to take a leap
  • 35:21 – How you can connect with Kevin

3 Key Points:

  1. InvestNext is an investment portal wherein both passive investors and active sponsors could see their portfolios and track their active deals in one place.
  2. In building strong customer relationships with investors, InvestNext also provides a system wherein you can easily track conversations and securely transact payments.
  3. Having consistent feedback from possible users could help for potential optimizations which could benefit in developing your product.

Get in Touch:


Read Full Transcript


Welcome to The Gold Collar Investor Podcast with your host Pancham Gupta. This podcast is dedicated to helping the high paid professionals to break out of the Wall Street investments and create multiple income streams. Here’s your host Pancham Gupta.

Hi, this is Tom Burns, author of why doctors don’t get rich. You’re listening to the gold collar investor podcast with Pancham Gupta.


Pancham Gupta  Welcome to The Gold Collar Investor Podcast. This is your host Pancham really appreciate you for tuning in today. You know, I have invested in many different private syndications. So just like at work, you know, we have, if you’re working full time job, you have your 401k plan or if you are investing in stock market, you have your fidelity or any of these investment companies account where you can go and trade your stocks. And in 401k accounts, you can manage your investments and all that right. So I always wish there was something like that in the private investing world. So you know, when I moved, when I started investing, there wasn’t something that I could, I saw that was, you know, readily available that exists. So when we started me Mesos capital, we started with one portal that we went with at the time, and it served our needs at the time, but then we kind of outgrew it. And then we started looking for another different portals which can serve our needs at this point. And we came across this portal called Invest Next. And now we are moving and transitioning to that. And it kind of covers all the things that we want. So as part of this podcast, I thought it would be great to introduce the team, the co-founder of the company and also hear from him, why they started it and how it can help you if you’re a passive investors, you can listen to all the things that different portals can provide and what investors provide. And if you’re an active investor, you can see or hear all the good things that they provide, which others potentially don’t. So, you know, before I bring Kevin on his background, quick background, he’s a co founder at invest Next, a software platform that modernizes the way real estate syndicators and investment firms raise and manage capital prior to founding Investnext, he was employee number two at the College Career Network startup handshake, where he contributed to initial product development efforts. handshake is currently valued at over 1.5 billion and it is the leading College to Career recruiting platform in the nation. Today, Kevin is honored to be part of the seasoned team of product leaders, software engineers and real estate professionals at the building the Investnext platform, which to date is managing 1600 Plus syndications and billions of dollars in capital. Hey, Kevin, welcome to the show. Hey, pleasure.


Kevin Heras  Thanks for having me on.


Pancham Gupta  I’m super excited for the show today, you know, this is going to be a little off the cuff show, you know, from my general routine shows that I do. And the reason for that is that we have on boarded onto your platform, and you know, would like to kind of discuss that and what you have to offer to the investor. So really excited about the show. Before we get started. Are you ready to fire up my listeners break out of Wall Street investments?


Kevin Heras  Absolutely. Yeah. Hopefully we can inspire them to Yeah, to get out. And yeah, look for kind of the alternative path there to kind of the long term wealth in generation.


Pancham Gupta  Awesome, awesome. So Kevin, like, before we get started, why don’t you tell listeners a little bit about your background? And you know, I like your T shirt over there, or the jacket like, you know, Investnext, like, what was the motivation? Like, how did you get into starting up this company?


Kevin Heras  So yeah, in Investnext, it’s a bit of a journey to how we got started, but can kind of give a little bit of my background first and then go into how the company had founded I prior to Investnext, I worked at a tech consulting firm, and we did a lot of ERP and CRM implementations. So we work with anything from, you know, fortune 500 companies that are implementing CRMs accounting systems. So it’s very much exposed to a wide array of different kind of call them tech stacks of everything from Salesforce to you have the Microsoft Dynamics the world. So that was kind of a very light corporate career track. But really, the more impactful piece in my personal life was my time during college. And so this was prior to investing. This was my first job out of college in college, I had the privilege of being an effect employee number one at a dorm room founded startup. Today. They’re called handshake. So their career network college students pay in effect, they’re like the LinkedIn for college students. That’s how they find jobs. And so this was very much and very early stage. I was there with the co founders were kind of iterating For the initial product, nowadays, they’re, you know, they’re out in the valley. They’re call it like unicorn status $1.5 billion type company. So anyways, that was like, to me was really formative is like, it was really, really cool to to build something from the ground up and kind of see that at the very at the earliest stage, I knew, Okay, well, this is I want to do something longer term around building something that that solves a problem. So,


Pancham Gupta  so you sold that company, and then you actually went into job.


Kevin Heras  So I actually know, so I was early team members. So I’m I was I mean, I really just came in as a supporting role. I wasn’t one of the founders. So. So I mean, that’s why I say like employee number one is that I was sort of the first outside type hire that to help with internal actually kind of starting to productize, this thing that we’re trying to go out and get some traction out of. So this is very much pre call it pre-seed funding, totally bootstrapped. And so for me just to observe the journey, at least in the early early stage of being part of handshake was, is really pretty impactful to see how something so I mean, something that came out of a dorm room that today, it’s something really that’s impacted a lot of the space that they’re involved in. So that was kind of just the the effect that again, mentioning that that was probably the biggest impact that it had on me on on wanting to start something wanting to build something from the ground up. And so they went off to Silicon Valley, they did their thing, I finished college. And then that’s when I went into my next kind of career track job. And some, you know, spent the better part of a few years there. And in that process, I met my co founder, and you know, at the time, Investnext was call it a side project. I mean, the original intent of Investnext  was we were working with a real estate, sizable Real Estate Fund. And really, they at the time, they needed a solution to be able to manage their investors reporting, and call this like the pre genesis of what investments would be. And so, you know, we rolled out this first initial kind of product. And really, we got a lot of feedback from a lot of the investors and many of these investors are oftentimes GPS and they run their own kind of syndications. And so we’re getting questions that saying, Hey, can we get our hands on this, because we’d love to present our investors with this, this type of experience. So that was the lightbulb moment for us is that this wasn’t just something that one group needed. This was something that many groups needed. And so that was kind of the inflection point saying, Well, we’re really going to go into this full time, and really build this out. So call that five plus years ago. And today, you know, it’s fast forward into to where we’re at today, where we have call it upwards of 1600 different syndications investment funds on the platform. 10s of 1000s of investors actively on there, and of course, managing the entire lifecycle of the actual syndication. So raising capital, managing investors distributions, reporting all of that. So that’s a little kind of long winded history of how that got started. But yeah, that’s awesome.


Pancham Gupta  So at what point, like, this is so cool, right? Like, anytime someone starts something, and they solve a problem, or a need in the marketplace, they’re rewarded with all the good things. So how was it like at what point you decided that, hey, you were putting this building this on the side, and investors started coming in again, you work in full time job? Where was that inflection point? And you’re like, you know, what, this is what we’re gonna do, like, what was that moment? Like? And also, what was the deciding factor?


Kevin Heras  You know, I think that’s sort of question because at any point, and I think, especially in this space, all these things kind of start, as you know, it’s that side project, you kind of work on on the evenings and weekends. And exactly, and it’s always the the questions like, when is the right time to make the leap? And, yeah, first of all, I think that’s obviously, that’s always a kind of a personal type journey. Question. Yeah. Everybody kind of has their different situations, commitments, and so forth. For me, I was extremely fortunate to be in a position where we had gotten invest next to a point where we had a very substantial customer base that was willing to pay for the product, the service, everything around that. And that is very sustainable. From the very start, which is, I would say, pretty uncommon from call it like your typical startup situation where you know, you you might be sort of starting something sort of as a proof of concept, maybe go out and raise capital, to finance sort of the next Call of year of operations to get you to go to market. But we had kind of achieved a bit of our go to market really early on where we were very well sustained there. And so the decision there was very clear to say, well, there’s just no doubt that this is something that be can be scaled. And so that was the decision point is you know, we’re at an inflection point where We can really sustain ourselves and really grow the company in the team.


Pancham Gupta  That’s awesome. That’s awesome. So let’s switch gears and talk about Investnext. And I want to kind of break it into two separate section broad categories one as from a viewpoint of perspective of a passive investor who just cares about putting money in, in these private investments, right. And then the second category would be from a point of view, an active syndicator, or a sponsor who may be in the first category as well, of passive investor, like you were saying before, and from their viewpoint. So let’s start with the passive one, right, where a lot of listeners of this show, they’re in that category. So from their perspective, right, they want to get really all the information from one source, right? What are some of the things that Investnext provide for them? And what is your goal as a platform provider? For them?


Kevin Heras  Yeah. So good question again. And that that is very much, the experience that we’re always striving with Investnext is the investor should go to, as you mentioned, one place to find not only perspective opportunities that they can invest in, and not only be able to run that entirely in one process. So I sound like a broken record where I’ve said this before, but we really think about the investing experience as something you might find on Robin Hood, right? Where you can transact. And it’s something that’s seamless or something, you go on Amazon, you shop for something, you click Buy, and things happen pretty systematically. So that’s never been the case without kind of call it a syndication or real estate transaction, there’s a lot of moving steps, historically, you sent out paperwork to your investors, and you’re hunting down wires and so forth. whole point is creating on the call and on the front end, creating that experience where the investor can view the offering, subscribe, sign the documents, fund their investment through the platform. So then it’s one experience, they know exactly what they’re doing. That’s one piece of it. And that’s what Investnext is teaming on the kind of the LP or the investor side. The other point of that is not only from an entrance standpoint, but ongoingly, creating visibility on the actual investments. So the concept that I can go into an actual dashboard and see how things are doing. It’s been around for a very long time, everybody has brokerage accounts, they can see how things are performing. So it’s a natural progression to be able to offer that in real time. So everything from all of my distributions today returns, how am I performing in my investments. So those are the two major components that we’re trying to achieve with, with a portal on the platform. And at the end of the day, I mean, what that does is, I think a major element of syndication or raising capital is you’re trying to establish trust with your investors. And so being able to kind of have that in one view where the investor has there’s no ambiguity. So where their money is, and and how it’s performing. That’s, I think, the unlocking the layer of trust that the many of the kind of investment groups are trying to achieve with their investors.


Pancham Gupta  Right. And, you know, you mentioned something that we actually still haven’t done in our capital raising step is that using the platform to actually get the funds in, right, it’s like, you know, I go to TD Ameritrade or fidelity or wherever I want to buy Microsoft stock, I first put the funds and link my bank account, and then get the funds and then go ahead and buy it. And then I get the confirmation. And it’s in my dashboard at that point. And I have some leftover cash. So similarly, like you, like, from an investor point of view, they can just do that, right? Once they have the investment, they can go create an account, link their bank account, fund investment, sign the paperwork, and then when the investment is done, they see all those updates there. So that is something that’s very cool, right? From an investor point of view, they don’t have to go to their bank account separately wire or write a check or do any of that, how does Investnext differentiates from some of the other provider from the perspective of passive investor, like, you know, if I’m an investor, obviously, I don’t get to choose what platform my sponsor is using. So they have to just use whatever they’re providing. But at the end of the day, like if they’re getting a great experience from a particular sponsor, because the platform is great, that perception carries forward. Right. So what would you say? Like the index, you know, how does it differentiates?


Kevin Heras  Yeah, I would say, you know, a major point there is there is a very pronounced focus on the investor experience. And you kind of touched on it a moment ago where one of the biggest problems we still see in this space and from the investor standpoint is in many cases the says the investing experience is a little disjointed, there’s still the element of I can complete, you know, major part of the process, call it in the portal, I have to step out and do other elements of this outside of the portal, whether that’s funding, whether that’s becoming accredited, and so forth. So these are things that, on our side, that’s a major focus for us is we want to encapsulate the entire transaction experience in one place. And so that’s what we’ve been told we do really well on our side is not only owning the the entire investing process, but it’s also the downstream. So to the effect that when you’re thinking about managing your existing investors, the cap table distributions, ownerships across the entire project. Again, these are things that we see that are generally broken in the space, whether that’s something you have to manage in an external data sheet Excel, where you’re running your financial calculations and distributions for investors, the whole point is that we’ve completely encapsulated that so that you have one system of record for tracking the entire investor base, whether they’re investing for the first time or again, just managing their performance over time. So those are kind of two major elements that that’s what we’ve been told on our side that perform really well. And the other thing I’ll mention too, is, a lot of what we’re trying to do is really, we are trying to build what you might call like ecosystem. And so the concept that as an investor, in the long run, I should be able to see my entire portfolio kind of in one place. And ideally, I don’t have to log into five different portals and kind of try to piece together how I’m doing. So there’s very much a play in that. And we see that’s a major gap that we’re filling too, as well.


Pancham Gupta  So, yeah, no, that would be awesome. Right? If that can be done. So Alright, so let’s talk from the sponsor point of view, right? Like the same question. But sponsor point of view now, but the, the question changes slightly, because each and every sponsor, they have different needs and desires. And you know what they want from their portal like we when we started, we works just like for any company, which is scaling, there are teething problems and all that when we started, we were doing all this very manually. And all we needed was one place where everything was there. But all these other steps were outside of that. And we used one platform for that. And then as we grew, we wanted to kind of go and get more and more and more, right? So it all depends on the needs and desires. But let’s say with all the bells and whistles, right? Can you run through some things that Investnext provides, like just the bullet points?


Kevin Heras  Yeah, yeah. So on the sponsor side, it’s very much meant to be it’s going to be the your workspace where you’re running the fund, the syndication, etc. So the intent there is that when you first go into invest, Next, you’re going to have the dashboard of okay, these are all of my active deals, these are certainly ones that are operating, whether they’re paying out distributions, so you’re going to have that aspect of it. So again, all of the transactions as it relates to managing the cap table, each investors equity in the projects, that’s all housed in invest next distributions, waterfall calculations are all incorporated in there. The other piece kind of bullet point to that is, it’s a fully built CRM. So they context that not only you’re managing the actual existing investor base, where you’re actually have full visibility into their capital accounts, contributions, distribution, so all the financial elements of each individual you’re working with. But the other element of the CRM is it’s it’s also meant to be a database for managing prospective investors and relationships. So one of the key pieces we’ve been told we do really well is for instance, integrating with your email client. So the concept that you can be on the go, you can interact with your investors. Pretty good. All communications are synced, attract Investnext. So not only from an actual just collaboration standpoint, internally where you can, if you’re working with other team members on the team, you know exactly who was the last part of the talk to that investor. But the other side of that is also compliance. So just ensuring that you have all communications tracked and synced in regards to specific investment. So do you have any


Pancham Gupta  people Sorry, sorry, to interrupt the question there. Do you have many people using that right now? Yes,


Kevin Heras  many, many people. Yeah. So that’s one of the first things and typically one of the initial onboarding steps in Investnext will be linking up your email account, whether that’s, again, any number of the clients, Gmail, Outlook, whichever business client you use, but the intent of that is that you can either be working inside of invest next interfacing with an investor or you can be on the go as well on your client. And the whole point is, it’s you know, it’s all synced and tracked in one place so


Pancham Gupta  so just from my understanding, since we are not using this feature, and you know, I’m getting little selfish, and asking questions from home benefit is that so when you say that you have Gmail or whatever linked to this, so I would just Send emails as if it’s I do on my regular day to day. And if it is happens to that investor, it would just get tracked and invest next. Is that what that is?


Kevin Heras  That’s exactly it. Yeah. So there’s what you can picture this is, if you were in Gmail, let’s say, and you sent an email to your investor, that email that correspondence is automatically synced into Investnext. So if you go to that, that investors profile, you’ll actually see a timeline of all of those communications you’ve had. And vice versa, if you’re an investor, next up, again, reply to an email thread that might already be in there in Investnext, and you’ll you can go back to your client. And you’ll see that in your outbox in your regular Gmail client, so it’s it’s a, we call it compliance,


Pancham Gupta  if I’m emailing that person who has nothing to do with that particular investment, but just saying, hey, let’s meet for coffee, you know, what that also gets synced?


Kevin Heras  Yeah, so it’s all contextually tracked, so you can decide what’s tracked, what’s not what where is it going to belong? So, you know, when we look at a specific investment opportunity for Michael Weber, per se, an investor here, you’re gonna see sort of the relevant communication that you’ve decided to track under that. And really, again, kind of full circle to the point of the main use case for this is, when we’re talking about the world of securities, we’re talking about, actually, garnering investment dollars for investors. What this starts to create is a very reliable track record of every conversation you’ve had with with an investor so that in the event you ever get audited, there’s any conversations you have to track. The whole point is it’s housed in one place, doesn’t rely on one team members inbox to go through and sweep. Hey, what was the conversation I had with a semester? It’s, it’s all housed in context, and Investnext.


Pancham Gupta  Awesome, awesome. So that’s a big point. And what else? I stopped you there in the middle? Are you done with your thoughts? There are?


Kevin Heras  No I mean, the main two points there is there’s there’s the investment management piece, that’s that’s, and that ties very much into the relationship you’re going to have with investors so that the intent of this is since we have the full transaction system of record, understanding every single transaction that investors had with you, that now you can kind of look at your investor profiles holistically and say, you know, who are my top contributors? Who are the people, I should be interacting with more, and so starts to really give you a picture of in effect, if you ever got on a phone call with an investor, you can answer those questions, front and center, because it’s all aggregated up into into that profile.


Pancham Gupta  Got it? So that’s awesome. Right. So then my second question, which is similar to my, for the passive guy, is that how does Investnext differentiates themselves from some of the other providers? When it comes from the perspective of syndicators? Do you have things that are unique to Investnext, which are hard to find elsewhere?


Kevin Heras  Yeah, I mean, I would point out a few of the things we’ve been told we do really well, actually, we kind of dug into it a bit is is actually a lot of that activity tracking. And, you know, when you see the term CRM, customer relationship management used, it can take on a very broad spectrum, one end of the spectrum of a CRM can just be a very much a list of contacts. And yeah, maybe that’s as much as you you have, right. The other end of the that spectrum is okay, not only do you have a list of contacts, but you can actually interact and track very contextual information, and have some pretty well built out profiles for those contacts. So one of the things we’ve been told you to really well, there is an actual fully purpose built CRM, that’s actually meant to kind of to manage that capital market scenario where you’re raising capital, you’re tracking perspective of investment opportunities per individual, as well as historical communications. So that’s one of the things we’ve been told we do really well. The other point is very much around the actual financial back-end. So when we really talked about the world of syndication, when you’re actually starting to get into the, into the space of running distributions, our system has a fully built waterfall builder. So the concept that you can structure anything from simple pro rata distributions to multi tier waterfalls. That’s one of the things we’ve been told we’re really powerful. And it’s actually having the model built in Investnext and run that through the platform in addition to the payments, so being able to transact payments in and out. So again, highlighting those those two, kind of two pieces there, but has been pretty impactful.


Pancham Gupta  Yeah, no, thanks for detailing that. Anything else you would like to add to any of these questions before I move on to my last question before we move to the second round of the show?


Kevin Heras  Yeah, no, really, I mean, for us a lot of this when we talk about product and kind of call it features and functions of different items. I mean, a lot of this is very much built on a pretty iterative feedback loop with customers. So what we’ve strived to do in in our product development process has been very much I mean, we have a very open board of feedback, whereas we’re constantly asking what are the things that that you see optimizations or potential for optimizations. So that’s very much driven a lot of our sprint planning and our actual product development cycle. But just kind of giving context of that, it really wouldn’t be possible without the community that’s actually built around it.


Pancham Gupta  That’s awesome. Cool. So my last question for you before we move on to the next section of the show is, so where are you investing right now, there’s a lot of craziness going on. You know, we have fed raising rates. So there is a war going on in Europe, we just coming out of pandemic and so many things going on. Right, like, so there’s a lot of uncertainty out there. But where are you personally investing, if at all?


Kevin Heras  Yeah, I would say the biggest thing that comes to mind, is it maybe it’s kind of a non answer, a little bit out there. But my biggest investment is, it’s the time in sweat equity and in actual, what’s been built in investments. And that’s, that was personally my biggest leap in kind of going outside of the stream. And there’s a career choice there. But there’s also an investment in timing and that ownership of that. So yeah, I would say that’s very kind of broadly said, I mean, investments is my biggest, I guess, investment and kind of focus as it is.


Pancham Gupta  Great. Thanks, Kevin. We’ll be back after this short message. If you’re an accredited investor, and have been thinking about putting your money to work for you, then I have good news for you. I have created an investor Club, which I call The Gold Collar Investor Club, I will be putting together investing opportunities exclusively for the group. These are the opportunities where I have done the due diligence for you and will be investing my own money alongside you. If you are interested, please sign up on, I repeat, I will reach out to schedule a 30 minute phone conversation to discuss your investing goals. Once you sign up, this can be a good opportunity to diversify and take some chips off the hands of Wall Street to produce some passive income. And in case you were wondering, what is an accredited investor, accredited investor is someone who has earned more than $200,000 as filing single, or more than $300,000 Filing Jointly for last two years. Another way to qualify as an accredited investor is if your total net worth is more than $1 million, excluding your personal home. It includes your stocks, 401Ks, I race cars, etc. Just not the equity in your personal home. If this is you, I would highly encourage you to sign up. So Kevin, let’s move on to the second part of the show, which I call taking the leap roun. In this round, I asked for questions to every guest on my show. My first question for you is when was the first time you invested outside of Wall Street? Maybe that was the answer that you just gave that it is really the time and energy that you have invested in Investnext, as part of your first investment outside of Wall Street, really the startup,


Kevin Heras  they are definitely going that is very much the main focus.


Pancham Gupta  Got it? So let me ask you this, which kind of you answered it before as well. But this is more from your mindset. Like did you have any fears that you had to overcome when you first invested? And when you started this company? Right? Like, did you have any fears? Like you were young, maybe you can say, hey, you know what? I was young and no fears for me.


Kevin Heras  Yeah, I mean, I think it’s a very natural, having fear, pause, in a sense, definitely a very natural feeling. I felt and I think anybody that is embarking on anything, that there’s an uncharted territory, and much of this is I think there’s a definite feeling of it. And, you know, I mean, my position personally, as I was, call it, that pretty stable track career, things kind of smooth sailing, kind of, from that point on, but as I kind of described at the beginning of this, where, you know, I did have a pretty impactful experience early on in college and being part of building something. And so, for me, it was definitely a choice of, well, I’m still relatively young, it’s okay to fail. And, you know, at the end of the day, I’d rather know that I tried doing that than not then always kind of wondering, you know, should I have so that was I think that was sort of the the conversation I had internally with myself where, yeah, there’s that that hesitation, but what with that, there’s kind of that you’re only going to live once to try it. So that was that was overwhelmingly any positive fears. were overwhelming beyond that. So


Pancham Gupta  yeah, That’s so true. I totally echo that. myself. And I quite, there are, you know, there have been so many studies and actually books to written on this topic that if you ask anyone on their deathbed, right, like, you know, what their desires are what they regretted they were always the things that they could have done. Right, versus the things that they actually did, even though they were wrong, right? Or didn’t pan out, right. So it’s always that feeling that oh, man, I would have taken that leap and quit my job or quit my company or started this company, I started that or whatever it is. Right. So cool. My third question, do you have any investment that you did, which did not go as expected? It’s good question. No, it’s fine. If have you invested in stocks? Ever?


Kevin Heras  Yeah. So definitely their portfolio. And yeah, definitely portfolio and, and stocks and investments. I think my primary investment, as I said, has been in investing in that company. I’ve had kind of a, I’ve definitely had like projects while I was in college, and you know, in separate sort of side gigs as a college student. And again, when I refer to investments, I think about it is either things I’ve started or worked on. So I guess the closest comparison I can give to that is, I’ve done sort of everything from kind of consulting, and whether in different areas, and those things were kind of short lived. So that, you know, these are kind of project specific items that I that I worked on. Well, I work with a group of people. But in terms of investments, card kind of money investments, I think I’ve had some pretty successful track there, on my side, not specific to like syndication or anything to that effect. But yeah, just kind of relaying it to that question. I think a lot of it has been, I’ve tried doing things in the past. And there’s been great success in kind of in those short term projects. But not to say that I’ve I’ve invested the kind of volumes of capital in something and has gone awry. So you have to think of a kind of good comparison example there.


Pancham Gupta  That’s okay. That’s okay. We all have certain things that we have done, I always get this answer to people have not invested in money in anything outside of stock market is that they always have certain number of stocks that they thought they would do good, but they ended up losing everything on them. Because their buddy said something that about that and invest, and they did and they lost.


Kevin Heras  So yeah, yeah, that’s something where, you know, I’ve always been sort of a pretty, you know, very concerted in terms of investing, and in not to the effect that, hey, like you said, there’s a hot stock, and I’m putting sort of a disproportionate amount of capital into that. And I’ve always been pretty broad and pretty sort of measured there on that side. And so you could consider that as pretty, pretty stable. I know plenty of people, and certainly taking the bigger risks. And you get into the world today of like, well cryptocurrencies and what people are, yeah, certainly getting into that space. And yeah, for me, that should kind of sail that. I haven’t put that dollar into that yet. But yeah, I think it’s to be determined in many cases, they’re


Pancham Gupta  called so my, my last question for you, Kevin, is what is one piece of advice would you give to people who are thinking of investing outside of stock market that is in main street or in themselves or think I’m starting a company, right? I have a lot of listeners who are working in tech and have ideas, but they never take the next step. Or they do it on the side and it fizzles out because they’re busy with jobs, right, like, what advice would you have for them?


Kevin Heras  Yeah, the advice I can give is certainly on on the side of certainly starting something or starting to think about building something, building a company and or maybe it’s a side project. But my advice personally has is really around being practical to the effect that there’s always the stories of companies that are getting founded and hear the romanticize story of like, you know, I sort of looked around my desk one day, and I just said, I quit, and I’m taking the leap. And I’m, and that was the inflection point. And that’s how we got started. And again, that’s a great story. I mean, it’s very, I guess, it’s, it’s a romantic, but I think, especially in today’s world, I think there’s a lot of flexibility to experiment, like look at your time as as sort of a pie chart and say, Well, if I can allocate just a certain percentage of that, even just on the side to start working on something, get some certain proof of concept. You can do a lot as even just in that element that you can still keep your call it your W2, you can still keep a lot of that as a sustained source of income, but really kind of iterate and working on that on the side until you do have something so personally, that was my biggest, at least what I found is that you can really create a balance of kind of that commitment of overtime. If you’ve seen that kind of take that time to experiment. And if something comes out of that, then you’re going to make the decision there at some point to say, Well, it’s certainly worth for me to really kind of take the leap at that point.


Pancham Gupta  Yeah. Great. Thank you, Kevin, for all the information that you shared here and your your wisdom. How can people connect with you if they want to reach out whether about invest next or, you know, just to personally connect with you?


Kevin Heras  Yeah, certainly. Can Learn More Literally, I’m on right on a little chat bubble. You can actually talk to us right on the site. Or of course, you can always reach me at, yeah, happy to connect with people, always. Whether it’s customers, whether it’s people in the industry, it’s always a great experience to even just connect people with with each other in this space. So more than happy to chat away.


Pancham Gupta   Cool. Thank you, Kevin, for your time here today.


Kevin Heras  Thanks for joining. Thank you for having me on.


Pancham Gupta  Thank you for joining me today to learn something about investment portals that exists out there. Again, this is very fragmented industry so it’s hard to find something that really works for you. As an investor, I always look for that and thanks for joining me today. Thanks for listening. I really appreciate you if you have any questions email them me too at This is Pancham signing off. Until next time, take care.

Thank you for listening to The Gold Collar Investor Podcast. If you love what you’ve heard and you want more of Pancham Gupta, visit us at And follow us on Facebook at The Gold Collar Investor. The information on this podcast are opinions. As always, please consult your own financial team before investing

Copy of EP #18 - 2 Guests

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