He Raised $50M Through Fund Manager Partnerships - E1193 - RMR

And obviously we've had Aspen on the show before.

You are a Raise Masters coach now, which is amazing.

So you went from, member to getting started to having a lot of success, raising quite a lot of money, becoming a coach, which is something we take very seriously.

Obviously, Ben Frazier was the previous coach, but you have taken his role as one of the lead capital raisers now at Aspen Fund.

So it makes more sense for you to be in there.

And it's just really exciting to see you guys.

You've been able to maintain a very good reputation through a lot of different markets and a Seeing the inside now, what have you learned going through this solopreneur, scrappy, struggling kind of vibe, which all of us do at the beginning of our careers, to fully buttoned up shop, almost half a billion under management? What are some of the lessons you've learned, man? I know there's a lot, but what do you see making that transition for people that are in your spot now?

Yeah, I'm so glad because this is exactly what I want to talk about.

I don't know what I want to talk about, but I think this is exactly the benefit that Bob and Jim had.

or have in starting Aspen, is that they had already lost everything twice.

And the benefit that I did not have when I started my previous company is that I had not lost anything.

In that, I didn't know you could lose anything, Hunter.

And that is...

I don't even, that's invaluable.

That mindset, that experience, and especially in real estate, because these cycles can take 10 to 20 years to really happen again.

And so you may come into it as an early real estate investor and have no idea that real estate can drop in value by what it's done or interest rates can rise.

You just have no context for that, right? And so I think the biggest difference in the things that I've learned now and what I would look back, I'm like, man, I wish I would have taking it a little bit more slowly and really understood debt, for example, and interest rates as another one.

And I think that is the real privilege I get here at Aspen is to be around guys like Bob and Jim and Ben.

But Bob and Jim, primarily because they're older and they've been through several cycles and not with Aspen, Jim was bankrupt, literally bankrupt.

He tells the story publicly in his 50s.

Imagine what that does to a person.

And then to build it all again, What does that do as someone who's really trying to build a legacy business and the decisions you make? It's wildly different than starting a business at 25 years old when you're just ready to rip it, man.

And so it's been so good because I look back and I think about how hard it was, even when things were good, to build our business early on.

And...

And just realize like how tough it is to go from zero to get to any traction.

And obviously we've had Aspen on the show before.

You are a Raise Masters coach now, which is amazing.

So you went from, member to getting started to having a lot of success, raising quite a lot of money, becoming a coach, which is something we take very seriously.

Obviously, Ben Frazier was the previous coach, but you have taken his role as one of the lead capital raisers now at Aspen Fund.

So it makes more sense for you to be in there.

And it's just really exciting to see you guys.

You've been able to maintain a very good reputation through a lot of different markets and a Seeing the inside now, what have you learned going through this solopreneur, scrappy, struggling kind of vibe, which all of us do at the beginning of our careers, to fully buttoned up shop, almost half a billion under management? What are some of the lessons you've learned, man? I know there's a lot, but what do you see making that transition for people that are in your spot now?

Yeah, I'm so glad because this is exactly what I want to talk about.

I don't know what I want to talk about, but I think this is exactly the benefit that Bob and Jim had.

or have in starting Aspen, is that they had already lost everything twice.

And the benefit that I did not have when I started my previous company is that I had not lost anything.

In that, I didn't know you could lose anything, Hunter.

And that is...

I don't even, that's invaluable.

That mindset, that experience, and especially in real estate, because these cycles can take 10 to 20 years to really happen again.

And so you may come into it as an early real estate investor and have no idea that real estate can drop in value by what it's done or interest rates can rise.

You just have no context for that, right? And so I think the biggest difference in the things that I've learned now and what I would look back, I'm like, man, I wish I would have taking it a little bit more slowly and really understood debt, for example, and interest rates as another one.

And I think that is the real privilege I get here at Aspen is to be around guys like Bob and Jim and Ben.

But Bob and Jim, primarily because they're older and they've been through several cycles and not with Aspen, Jim was bankrupt, literally bankrupt.

He tells the story publicly in his 50s.

Imagine what that does to a person.

And then to build it all again, What does that do as someone who's really trying to build a legacy business and the decisions you make? It's wildly different than starting a business at 25 years old when you're just ready to rip it, man.

And so it's been so good because I look back and I think about how hard it was, even when things were good, to build our business early on.

And...

And just realize like how tough it is to go from zero to get to any traction.