Finding an "End-Game" Platform: Why Automation & Efficiency Matter

Seth Gordon: Yeah. And how has it personally affected and impacted, you know, your, your own business using a platform now to, you know, handle those deals and share opportunities with investors and sort of take them through the entire process?

Max Hooper: Sure. Well, [clears throat] like I can remember my broker-dealer when I first started, as soon as way back, like 30 years ago, [clears throat] I would always only work on small transactions and it would be something like a million dollars or $2 million somethin like that. And I would do a private offering and that was it. We do private offerings. And so we would be manually putting all of everything together, manually going everywhere, raising the capital and working through that whole process. And, and the reason we did it, a very small area, a low, low amounts of money was that all the big players would always go for the bigger amount. So there was this big niche available for smaller deals that were more sophisticated. So I did that over and over and over, but the manual side of doing everything was regarding, so that was one of my interests when even when like five years ago, when the crowdfunding world started. And some of that was that, you know, you could actually are mobilizing this and, you know, through regulation, technology, and platforms. And so it gets really have been kind of a, a follower of this and had interest in trying to some of the ability to be able to use platforms are incredible. For example, last week we had 18 doctors that wanted to sign-up for our blockchain fund and just 18 sign-ups is one thing, cause we have a fairly small team, but it just, all the AML/KYC and all the everything with it, you know, escrow accounts, Blue Sky, man, you just got to go through the whole platform of things that you have to do. It's hard to do, and it's hard to get it right to make sure that it's always right and read the right records. And so the more automation around that, you know, the better. And so, so we were able to execute that as long as well as other transactions, just with a few people. And we know that it's exacting and correct. So it makes a big difference.

Seth Gordon: Yeah, I was talking about, I think one of the biggest things is, is just the ability to even have documents signed in a platform and automatically posited for you.

Max Hooper: Exactly.

Seth Gordon: That in itself is just so nice. It takes away the manual process of sending something out and then having it sent back, nobody wants to really get that type of snail mail. And especially if the form is filled out incorrectly, then you have to go back and forth on. Maybe it's just nice. Obviously CRM is great just to maintain a relationship with somebody, having a data room, all these different types of things. What, what do you feel you are sort of reliant on the most with, within a platform and pontificate on about anything else that's important? Of course.

Max Hooper: Well, I would say that we have been an early adopter going back multiple years and so using different software where you would be able to automate one piece of it, but maybe not the other parts of it. And then you would find one that would do good, you know, the tasks that need to be done, and that was even better. And then digital signatures and on and on. And so now, you know, we, we, we really liked, honestly love WealthBlock because we see that many, many opportunities of things to do through one platform and manage it well. And it kind of is the end, what I would say more of an end game platform than, than others. So you're able to take all those steps more efficiently.