By Nasos Papadopoulos, EF Head of Content
Vadim Toader is the CEO Co-Founder of Proportunity a company that uses machine learning to form accurate real estate forecasts, so investors can make better decisions.
By comparing more than 100 sets of data, including historical price growth and crime rates, Proportunity can spot good deals before the market, which enables them to make a data driven decision and help fund first time buyers by putting up a percentage of their deposit and helping with financing.
Vadim met his co founder Stefan on EF7 and since founding the company they’ve worked with some of the country’s leading property players, have been backed by Savills and are in the process of acquiring a lender, subject to FCA approval to help them offer better financing to customers.
Vadim studied Engineering, Economics and Management degree at Oxford before working as a consultant at Bain & Co for over 3 years where he built up a wealth of valuation and forecasting experience, solving a bunch of interesting problems along the way.
In this episode Vadim and I discuss:
– Vadim’s insights about the UK property market learned from building Proportunity
– The difference between data driven and intuitive decisionmaking in business
– How to do customer development in a slow moving industry that’s resistant to change
Whether you’re an aspiring entrepreneur or a property investor, this conversation will give you plenty of valuable insights as well as solid practical advice that you can take away and apply.