Tank Talks
Tank Talks By Ripple Ventures
How to Turn a Passion for Real Estate and Travel into an Investment Platform for Millennials with Getaway CEO Ali Nichols

How to Turn a Passion for Real Estate and Travel into an Investment Platform for Millennials with Getaway CEO Ali Nichols

Episode 122

Real Estate is one of the best ways to build wealth, and travelling is a great way to spend it! What if there was a way to combine both of those ideas into a single platform? Our guest today is Ali Nichols, Co-Founder of Getaway, who thinks she has figured out a way to combine both of those passions for millennials.

On today’s show, we cover how Getaway is combining the demands of younger generations to not only invest in real estate but also enjoy the perks of that investment along the way. 

About Ali Nichols:
Ali Nichols is the Co-founder and Co-CEO of Getaway. Prior to founding Getaway, Ali spent over 4 years as an executive at Bungalow, a technology-enabled residential real estate company, where she ran Operations, Growth, Marketing, Sales, and Real Estate. She spearheaded raising and operating a $700M real estate fund focused on acquiring single-family rentals. Before that Ali was a Strategy & Planning Sr. Manager at Uber and a Consultant at IBM. She holds a Bachelor of Science from Carnegie Mellon University.

A word from our sponsor:

At Ripple, we manage all of our fund expenses and employee credit cards using Jeeves. 

The team at Jeeves helped get me and my team setup with physical and virtual credit cards in days. I allowed my teammates to expense items in multiple currencies allowing them to pay for anything, anywhere at any time. We weren’t asked for any personal guarantees or to pay any setup or monthly SaaS fees.

Not only does Jeeves save us time, but they also give us cash back on our purchases including expenses like Google, Facebook, or AWS every month. New users can earn up to 3% cashback for their first 90 days.

The best part is Jeeves puts up the cash, and you settle up once every 30 days in any currency you want, unlike some other corporate card companies that make you pre-pay every month. Jeeves also recently launched its Jeeves Growth and Working Capital initiative for startups and fast-growing companies to enable more financial freedom for companies. The best thing is that Jeeves is live in  24 countries including Canada, the US and many other countries around the world.

Jeeves truly offers the best all-in-one expense management corporate card program for all startups especially the ones at Ripple and we at Tank Talks could not be more excited to officially partner with them. Listeners of Tank Talks can get set up with a demo of Jeeves today and take advantage of our Tank Talks special with a‍ $250 statement credit after the first $2,500 in spend or a $500 statement credit after the first $5000 in spend. Lastly, all Jeeves cardholders receive access to their Lounge Pass program and access to over 1300 airports globally.

Visit tryjeeves.com/tanktalks to learn more.

In this episode we discuss:

(02:33)  Ali’s journey into tech
(04:56)  Ali’s experience at Uber
(05:46)  Where Ali’s passion for Real Estate developed
(07:35)  Uber’s real estate division
(10:03)  The biggest takeaway from Uber
(11:12)  Ali’s time at Bungalow and helping it grow
(13:52)  Bungalow’s model for sourcing
(15:18)  Why she started Getaway
(19:11)  Finding her co-founder and why their partnership works
(23:03)  Why vacation rentals is an exciting asset class
(26:11)  Who Getaway is targeted at
(28:09)  How this is different from a traditional timeshare
(29:56)  How Getaway actually works
(32:21)  Target annual returns to users on Getaway
(35:03)  Plans to build out their portfolio of Real Estate holdings
(36:53)  What Getaway is doing with their recent $5.9M raise led by Cowboy Ventures, XYZ, and Night Ventures
(37:59)  Benefits from having a strong network of angel investors

Fast Favorites:

  1. 🎙- Favorite Podcast: All In

  2. 📰- Favorite Newsletter/Blog: Lenny

  3. 📲- Favorite Tech Gadget: Airpods

  4. 📈-  Favorite New Trend: Fractional real estate investing

  5. 📚- Favorite Book: To Kill A Mockingbird

  6. 🤔 - Favorite Life Lesson: You'll always catch more flies with honey than vinegar 

Follow Matt Cohen and Tank Talks here!

Podcast production support provided by Agentbee.Agency

Tank Talks
Tank Talks By Ripple Ventures
Join your host, Matt Cohen, Founder & Managing Partner at Ripple Ventures for weekly conversations with leaders in the startup ecosystem discussing the truth about investing, building and running startups.