When Craig Carracher first met his business partner, Stephen Gaitanos, he was somewhat reluctant to team up.
“He was only a young fellow. He's 15 years younger than me, and he put his hand up and said, ‘I'd like to come across as your junior,'" Carracher recalls. “And I said, ‘Look, I'm not going to pay you for five years. I'm not sure I like you... I owe you nothing.'"
But Gaitanos was all in.
Twelve years since starting their joint venture, Scape – now part of the broader housing enterprise, The Living Company – the duo has dominated the student accommodation sector.
On this week’s episode of How I Made It, host Lauren Sams finds out how this co-founder spotted a gap in the housing market to build a $20 billion empire.
This podcast was sponsored by Sinch Engage.
Further reading:
Alex Vynokur bet the house on ETFs. He won
The aspiring entrepreneur knew the odds were stacked against his start-up, Betashares.
How this 26-year-old built a $100m robotics company
Andromeda founder Grace Brown reveals how her hi-tech companion, Abi, has disrupted an industry.
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