Today on Prof G Markets, Ben Miller, co-founder and CEO of Fundrise, joins the show to share how his company managed to successfully break into the private markets. He discusses why the private markets are regulated differently, how his company is helping everyday investors get in on typically inaccessible opportunities, and how Fundrise earned the trust of companies like OpenAI to get on their cap tables.

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Timestamps:
00:00 - Today's number
00:20 - Today's episode
01:03 - Democratizing the Private Markets — ft. Ben Miller
01:06 - Why don't regular investors have access to private markets?
03:15 - How did you come up with Fundrise?
04:45 - How did you overcome regulatory and logistical challenges to democratize investing in traditionally restricted asset class?
07:15 - What is private credit?
08:44 - What does democratized access mean at Fundrise, and why should investors take it seriously?
10:59 - Should investors be protected from themselves or should they have total freedom?
12:59 - What advice can you offer entrepreneurs for building trust with their customers?
13:58 - What is Fundrise's business model?
14:49 - What are Fundrise's fees for managing private credit or real estate funds?
15:41 - Does Fundrise have to raise a lot of money?
15:56 - How does Fundrise track the performance of funds relative to benchmarks?
16:53 - Did you encounter any problems when attempting to invest in private companies?
18:33 - What does it take to build a successful company?

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