#346 Crypto Mining and Smart Investments: Insights from Roshan Shah

Mehmet: [00:00:00] Hello and welcome back to a new episode of the CTO show with Mehmet. Today I'm very pleased joining me Roshan Shah. Roshan, thank you very much for being on the show. The way I love to do it is I like to keep it to my guests to tell us a little bit about themselves and About their experience and what they are up to.

Mehmet: So the floor is yours Roshan

Roshan: thank you Mehmet nice to be here and uh, sure happy to tell you a little bit about myself I'm, uh, i'm right outside new york city Uh in northern new jersey professionally speaking. I've got a few different businesses One is in commercial real estate brokerage. The other is I have my own real estate investment firm You Uh, the third is we own a substantial, uh, medical aesthetics and wellness, uh, company.

Roshan: And then the fourth is our Bitcoin mining and blockchain development company called decimal digital currency.

Mehmet: Great. And again, thank you very much for [00:01:00] being with me today here in, in, um, in this episode. So you cover a lot of things and you do a lot of things, but you know, today I want to, you know, go over with a couple of, of the.

Mehmet: expertise that you have. So you mentioned about, you know, decimal digital currency. So what inspired you actually for starting, um, you know, the company and what gap you saw in, you know, the market at that time that you said, we need to do something different on from what the others are doing.

Roshan: Yeah, you know, I, it's, uh, it's amazing.

Roshan: I was fortunate to meet my partner, um, Henry, it was just a pure coincidence. He's in the insurance business. I happen to have, uh, an insurance requirement that he was assisting me with. And as I got to know him very quickly, uh, early on in our relationship, I learned that he had, [00:02:00] uh, built a small Ethereum mining operation.

Roshan: At his personal residence, and so I went over to his home. I checked it out. He had converted the first floor and garage of his, uh, of his home into an Ethereum data center, essentially. And, uh, and I introduced him to a couple of close friends and family members of mine that were early entrance into the crypto industry.

Roshan: And I had them vet him as well as his business and everything checked out. And when I got to learn about the, the economics, um, and how lucrative of a business it was, um, as well as where I think I see the future of, of money going, um, just given inflation and, and, uh, global monetary, uh, currency and policy issues, I said, this is an industry that I need to, I need to get into.

Roshan: And so we, we, we joined forces and started scaling the business pretty [00:03:00] rapidly. Um, you know, when you're, when you're mining Ethereum at 10 per, per ETH, um, and, and selling it for a few hundred dollars, it's, uh, you know, the, the, the math is pretty easy that, that this is a business to focus on. So that that's really how, uh, how we, how we got, how I got started in the industry.

Mehmet: That's cool. Now you mentioned, uh, about some specific setups. So, so I know like use something called S21 machines. So I'm, I'm pretty, you know, as someone who comes from the technical background to understand more about, you know, what's that different from, like, the typical miners that we might see somewhere else.

Mehmet: And is there like any strategy that was behind that?

Roshan: Yeah, you know, it, it's, it is essentially all of these machines are application specific. They're all used, used for bitcoin mining. What's unique and and different [00:04:00] about the S 21 is just, it's really, it's con, it's power consumption. Uh, and computing power and the overall efficiency of both of those, um, both of those factors.

Roshan: So with the S21, you are able to produce Bitcoin more efficiently, um, essentially utilizing a lot less power to, uh, to, to, um, uh, to produce your Bitcoin. So for, for us, while we likely could have. Returned or sorry we could have we could have received a higher return on our investment for buying less expensive machines For example, I think a lot of industry players were going out And still are buying, um, machines like S 19, J pro pro pluses, um, and otherwise machines of that kind of generation and elk, uh, we were not too focused on, on return of investment in terms of, in terms of yield.

Roshan: And we're more [00:05:00] focused on, on what, on, on our downside protection, you know, everything that we do at decimal, we risk mitigation and downside protection comes. Um, before overall return.

Mehmet: So the, I mean, the risk mitigation, is it like related only, uh, Roshan to, to the energy part or like, is there like some other challenges, um, related to that, that, that you, you focus on?

Roshan: Well, you know, when, based, based on where the industry, based on where the Bitcoin mining industry are going, I mean, right now we're looking at an all time high. For network hash rate difficulty. Now, I think just based on where hash rate price has gone and and hovering it at or or near an all time low, you're going to see a significant decrease.

Roshan: We think a significant decrease, probably to start maybe only 5 percent drop during the next reset. Um, but I think through the month of April, we may, we may see [00:06:00] that go down as far as 15%. Um, and so, uh, you know, for for for us. When, when, when network difficulty hash rate is at an all time high, the S21 is able to withstand a lot of that competition, whereas some of the other machines, uh, based on, you know, now post having, they may need, they may need to drop off the network based on, you know, The cost it requires, uh, it takes for them to produce one one bitcoin.

Mehmet: I see Now I know also roshan like you're planning or there's maybe ongoing expansions going on so I'm curious to know about these expansions. Like are they into new markets? Like are you expanding in in other? Cryptos, what's the plan for for the expansion or maybe use cases? You

Roshan: Yeah. So we, we have, we have dabbled quite a bit into, uh, mining, [00:07:00] um, other, uh, other coins.

Roshan: Um, it's something that we've more, we've more so done as, as personal side projects, not necessarily within this, within this vehicle. Um, but Decimal's focus is, is at this point entirely on Bitcoin and, and our expansion, yes, it is into new markets geographically. We're, we're continuously looking to expand and Is part of the next phase of decimals growth and and how we plan to, again, further mitigate risk and, um, and increase our valuation.

Roshan: It's really moving out of this hosted model by hosted. I mean, utilizing 3rd party providers for rack space, and instead going out and vertically integrating and acquiring our own sites or developing our own sites, either directly. Uh, or through joint venture partnerships. So we no longer want to be at the mercy of these third party hosting providers and and encountering that, [00:08:00] that, that counterparty risk.

Roshan: Um, instead, we want to control our own destiny, control these sites on our own outright, um, and not have to worry about, uh, other people performing. And having our success be tied to their performance.

Mehmet: I got you. So also I know Russian and maybe we, we, I will need from you a little bit to very, in a very simple way to explain what that means.

Mehmet: I know personally, but maybe that's just for the audience. I know that you're focusing on SMA or what's called separately managed accounts. So, Is there a reason for this? And of course, like, if you can tell us about the difference between SMA and the other types of accounts also.

Roshan: Yeah, so we think that there is a reason.

Roshan: And a lot of people, friends and family have come to me over the years as they've learned about my passion and my focus and interest in Bitcoin mining. And they've said to me, You know, why not? Why not just go out and buy Bitcoin or why would I invest in decimal [00:09:00] when I can just go out and buy through the public equities markets?

Roshan: I can just go out and buy a buy stock in riot or. Or hot eight or a marathon or a clean spark. And, you know, for, for us, uh, I'm, I'm, I wouldn't call it guilty, but, you know, but I certainly was one of those people that, um, have been buying, has been buying Bitcoin forever. And when you're going out today, you know, I don't know, I think Bitcoin's hovering around maybe 63 or 64, 000.

Roshan: You can go out and you can buy, you can go out and buy Bitcoin on Coinbase or wherever, whatever exchange. And just hold it. Um, now, for a lot of people, the concept of buying Bitcoin at 63 and 64, and then watching it crater down to, as it did last week, 55, uh, that's pretty unnerving, and a lot of folks don't even want to be sitting on a paper loss, or experience that level of volatility.[00:10:00]

Roshan: When you are investing in in mining, for example, with with decimal, uh, you know, our cost of production pre having and I can't tell you exactly where it is today. Uh, was roughly 18, 000 per per Bitcoin. So that's a pretty massive buffer and cushion before, you know, um, and, and so with what, you know, to answer your question specifically, the separate managed account, we believe we don't know anything like it.

Roshan: We don't know of any other competitors of ours that are, that are offering this service, but. That's exactly what it is is it's we're offering mining Bitcoin mining as a service to really anybody. So now you're not having to go out and buy public equities, um, you know, buy stock in a publicly traded minor and have very little visibility into the inner workings of those companies.

Roshan: Continually have to deal with getting diluted as these companies are always, you know, always raising more capital, [00:11:00] um, or dealing with their massive overhead. Uh, so we think that a more pure, uh, and higher, higher return, um, higher return value to an investor. Is to invest in our in our separate managed account offering so I can I'll describe to you what it is.

Roshan: Just very simplistic Essentially, let's just say mammoth You wanted to get exposure to bitcoin mining, but you're not you're not sure how or you just want to get exposure to bitcoin Or you're looking for a great tax depreciation play, or you just want, you don't care about Bitcoin. You just want an excellent cashflow yield product.

Roshan: Well, you come to us, we go out, we buy Bitcoin mining machines on your behalf. Our cost of our purchasing power is tremendous, just given the volume of machines we're buying. So we're going out, we're buying machines on your behalf. They sit on your books, you own them, you own them outright. You'll have the serial numbers.[00:12:00]

Roshan: Um, you'll, you'll, we'll then take those machines, we'll get them racked, energized and, uh, and turned on at one of our, our sites, one of our data centers across the country. And then we handle each and every aspect of the mining business for you. So we're handling all of the firmware optimization. We're, we're doing all the maintenance and overseeing the, uh, uh, the cooling and the risk management and power hedging.

Roshan: Um, the liquidations and treasury functions for those machines. And each week we, we, uh, roughly each week we sell Bitcoin, and at the end of the month, we take whatever Bitcoin we've accumulated for you, we pay the power bill, and then we have a profit sharing arrangement. So, I can't think of anybody else who's offering this as a service to consumers, to the masses.

Roshan: So, essentially, anybody now has the ability to go out [00:13:00] and mine Bitcoin. without having to, you know, instead of going out onto Coinbase and buying it.

Mehmet: So Roshan, if, if, you know, I get it, right. And just again, I'm asking on behalf of the audience, because someone might see an entry or like, let's say they put, they want to put their hands on, on some crypto investments.

Mehmet: So the other way is to go with ETFs that, you know, they are crypto ETFs. But what I understood from you actually here. You de risk the volatility factor here because actually what you get is, you know, you know, you're mining actually, you're, of course, with a pool of people that are using also the service.

Mehmet: So can we say like, it's a more I would say less risky than going with the ETFs.

Roshan: We think so. And you're paying less in fees. I mean, I, for me, I, to, to invest in an ETF, Bitcoin ETF makes zero sense. I don't know why somebody would go out and [00:14:00] pay those fees. Just to, to buy, to buy, but you don't need BlackRock and Fidelity to hold your Bitcoin for you or to go out and buy Bitcoin for you.

Roshan: I think a lot of people who are maybe not as savvy with how, you know, what it, what, what it takes to buy Bitcoin and those sort of on ramps would just say, all right, for ease of, of access. Uh, and perhaps maybe security will just go to the ETF, but for sure, I wholeheartedly agree with you that to do what we're doing or to invest in what we're doing is a less risky proposition.

Roshan: You know, think about the fact that, you know, if Bitcoin is going down, you're taking a loss even in those ETFs. For us, even through the depths of the worst bear market, crypto bear market, and crypto winter of all time that we've come out of now, We were making money every single day when Bitcoin went from 69, 000 to 15, 000.

Roshan: We were still making money every single day.

Mehmet: Yeah. Makes sense. [00:15:00] Because actually, again, you're not trading the crypto itself. Actually, you're getting, uh, What usually people when they do the mining do so they get the compensation of being part of the mining process. So makes a lot of sense to me. Um, I know Russian like also you have an extensive background and experience in real estate.

Mehmet: So, Do you see in any way the two industries intersecting or benefiting each other?

Roshan: um Well to answer your second question first, I do think that you are going to see Real benefits in real estate come through just blockchain and i'm just now i'm i'm departing for a moment away from mining Sure, just talking about uh tokenization of of assets um, also things like basically You Um, vastly improving the efficiency of, of [00:16:00] something basic as, as real estate insurance or type, or even title and bring that all onto the blockchain that you're going to see huge, um, innovation across the real estate industry, but talking about my, my, uh, track record and experience with real estate and how that helps me, um, and, and any, any potential crossovers with, with mining.

Roshan: Absolutely. I mean, a lot, a lot of what I'm doing. Um, is structuring deals for data centers, either through developing them or acquiring them or joint mentor, joint mentor partnerships. So a lot of the real estate deal making expertise that I've, um, you know, harnessed and developed over the years.

Roshan: Absolutely. It comes into play pretty much every day.

Mehmet: Yeah. So, you know, coming back to. You know, to, to the space of, of, uh, what [00:17:00] you do today now, any, I mean, other technology, you can see it combined with what you already currently doing today, like that can really take you to, to kind of a next level. So is there like any innovations that you're seeing coming in, in the near future?

Mehmet: Or cutting edge technologies that can be adopted so it would take, it would take this email, I mean, to just a completely new level.

Roshan: Yeah, it's a, it's a, it's a fantastic question. Uh, it's something that I think a lot about. Unfortunately, I'm not smart enough from a, from a technical standpoint to, to, to have the right answer, um, for, for what sort of technological innovation.

Roshan: Thank you. Can set us apart. But one of the things which is an obvious one is, is how do we utilize, for example, artificial intelligence to improve our overall efficiency, lower our cost of [00:18:00] production and, and boost our returns? And that's something we haven't yet figured out. My partner who's, who's brilliant and, and is a savant, um, it's something that he's toying around with.

Roshan: He, you know, I, I don't know that for Decimal itself, our boost in returns and what sets us apart is going to come from technology so much as it is through financial, uh, very clever financial, um, um, maneuvering, uh, you know, what he's been focused on largely is trading hashrate derivatives, uh, buying hashrate, You're doing all sorts of options trading with, with, um, uh, and, and, and the returns have been enormous.

Roshan: I want to say approaching 200 percent in, in, in under a year through those, through those activities. And so that those are all activities that he has done kind of beta testing personally on the side. Um, and now we are, now that it's been proven out, you know, [00:19:00] his investment thesis has been proven out. The thought is to start layering it in into decimal so that our investors can start benefiting from it.

Roshan: Um, you know, of course, we would give them that option. to to allow us to um, Just to to start making some of these trades and and um financial moves on their on their behalf

Mehmet: Got you roshan now. I know you sit on a lot of uh, you know company's global advisory board And i'm curious about you know because still till now when you mention the crypto and both as mining as As well as trading, you know, the, the currencies themselves, um, we see still a lot of people kind of, you know, a little bit, I would say hesitant.

Mehmet: I mean, in, in, in getting this to invest that, are you seeing, you know, a shift? In, [00:20:00] in, in these companies, not necessarily that you sit on their board, but I mean, the adoption and, you know, the acceptance for, you know, the cryptos in general, have it been like, I mean, progressing, is it like still the same people still resist?

Mehmet: They say, no, this is not real. You know, like this is very, because, you know, like I covered cryptos a lot of times here, you know, and of course, like everyone can have their own, you know, But as someone who's in the, you know, in the market and you have like a skin in the game, as they say, because also you have the background of investment.

Mehmet: So how do you, are you seeing, you know, not only the companies, what I'm interested to understand, like, private equities, like, uh, limited partners, like these kinds of, of, of folks, how is their view currently on, on this, uh, on this market?

Roshan: Yeah. Yeah. It's a good, it's a good, it's a good question. And I think that one of the things.

Roshan: Or two things that have [00:21:00] happened recently in, in 2024, maybe late with, with the groundwork obviously being laid earlier. Um, when you have company, when you have the largest asset management companies in the world, like Fidelity and BlackRock, entering into Bitcoin, now Morgan Stanley on the way, um, and the billions of dollars of inflows.

Roshan: That's instant. Credibility and value validation to the public and to the masses. And so still to this day, it's remarkable. I would say, I would tell you, it's funny, the majority of my, not necessarily my family, but the majority of my friends still have no clue what I do. They still think it's idiotic that I'm in Bitcoin, uh, mining.

Roshan: They still believe that Bitcoin is a, it's a scam and that it's going to zero. And that makes me so happy. It makes me so thrilled to be part of this industry Because most of the people just don't get it and and it just to [00:22:00] me reinforces the fact that we're still very early Um, you know There was a lot of people a lot of naysayers talking about the fact that the internet was was a as a fad and and would never last and Um to me, it's it's it's a it's a great feeling.

Roshan: It keeps me going and I'm super, I'm super bullish, but, you know, I think as there is more education, as there is more regulation, which we embrace, uh, within reason, I think it'll only make people more comfortable with entering into the market. Um, and just generally, generationally, right? Like, my kids use TikTok and Snapchat.

Roshan: Like, I've never once opened those apps. Similarly, my, you know, my, my parents, the old, the, the, the generation, they're not, they're not opening Coinbase accounts. Um, so I think the fact that this next generation, like my Children, their Children, for them to go [00:23:00] out and and, um, purchase items using using crypto and and using, you know, digital money and crypto payments for for services and goods, that's going to be commonplace right now.

Roshan: We think it's crazy right now. Most people know how to do it, but it'll it'll be, it'll it is the future. It is going to happen. I have no, I have no doubt about it. And, you know, right now BlackRock is out there, they're educating sovereigns, they're educating pensions. All of these players are still are still on the sidelines, but they're coming this this month.

Roshan: This money is going to be entering into the bitcoin ecosystem

Mehmet: Absolutely, like just fun fact about the mining. I Remember one Of my friends told me about his friend that I don't know that, you know He was mining bitcoin and that was like I think 2014 2015. So where really you can get The coin easy right even on a normal, uh, [00:24:00] Machine.

Mehmet: And then once, I think he mined around maybe five or six Bitcoins at that time. And then he said, oh, you know, I think I'm stupid why I'm doing this. And then he forbid the computer and he said, oh my God. Like if I knew like this will will reach even. And that I remember, you know, when we had, um, the story, it was still 2017 or 18 where.

Mehmet: It was hitting the 15 K and 20 K, you know, like imagine at that time. So, um, and to your point, you know, around, uh, you know, about the new generation, just this morning, you know, My daughter asked me again this, you know, a question that actually it's related to to cryptocurrency in a somehow Um, because she asked why when you need to pay something by debit or credit or you know You do a transfer for money.

Mehmet: It takes times and you know, it needs sometimes approval Why it doesn't have instantly and the new generation [00:25:00] expectation is that to your point like, you know, they open something They just swipe up and swipe down You They see something new. So their expectations, they need something fast. And actually, what is what cryptocurrency, you know, one of the things, um, that promises as technology, uh, from the blockchain perspective that, you know, you do it without any friction.

Mehmet: So absolutely. Now, I'm, I'm, I want also to ask you Roshan, because, um, You lead Hamilton Road Capital. So strategy. So, and you've managed diverse portfolio, including real estate, VC investments. So how do you usually balance between these different investment strategies? And, you know, have you found, for example, any synergies, uh, that, that works perfectly in, in your, um, investment, I would say, uh, criteria.

Roshan: Um, for, you know, for me, the, um, [00:26:00] the synergies are really my network, uh, the network of investors that, that I have developed over the years, um, through my various investment endeavors. And, you know, when you, when you do right by people, when you build goodwill and engender trust, people are going to follow you into, into other projects, and so.

Roshan: Whether it's been a real estate deal or a private equity, uh, you know, investment that I've put together, anything that I've brought investors into, they've made money. Um, and so that's, that's really the common thread there. Um, yeah, with Hamilton Road Capital, the, the primary focus is on real estate investments.

Roshan: We're doing student housing, we're doing multi family, we're doing self storage. These deals are great, and they're stable, and they're, they're, they're well, they, they perform well, um, but they're, it's a slow burn, um, with the exception of some land development deals that we're doing right now. that [00:27:00] are potentially quicker exits, uh, flips, so to speak.

Roshan: Um, most of these projects that I'm working on, these are three, four or five year holds.

Mehmet: I got you now. Yeah. Yeah. So

Roshan: example with our, with our, with our, you know, when you look at our SMA product, historically speaking, we're averaging roughly three and a half, a little over three and a half percent per month in returns. Some, some months have gone as high as 8 percent per month. Wow. You know, in, in, in, in real estate investments, you're not, you're not getting those sorts of returns.

Mehmet: Yeah, absolutely. How, how is your view on, on, you know, I know like you're more focused on real estate, but like from the VC investments perspective, what's your current, you know, view on, on, on the market for 2024?

Roshan: For venture capital investments?

Mehmet: Yes.

Roshan: You know, I'm not so focused. I've done a lot of direct [00:28:00] investments.

Roshan: I think for venture capital. It requires you to do to to establish a pretty large portfolio. There's inevitably. You know, if you're doing 10 investments or less, let's just say you're doing five investments, unfortunately, what I've found is that a few of those deals are going to zero, and it really is going to be, if you're lucky, one, that, that you're, that you're getting exponential returns on that counterbalances the, the ones that you've done that have gone to zero.

Roshan: So for me, I'm kind of taking a step back unless it's, it's extremely compelling or I've got a, uh, a close longstanding personal relationship or professional relationship with the, with the founding team. I'm taking a step back from doing any sort of direct, uh, VC investments.

Mehmet: Got you. Um, I still have two questions for you, Roshan.

Mehmet: So your journey, you know, like it's really, really impressive. And, but I'm [00:29:00] sure like any other. Uh, you know, I would say entrepreneur founder, um, there must be some pivotal moments that shaped your past also as an entrepreneur. So can you share like some, some of these pivotal moments?

Roshan: Yeah, the biggest pivotal moment for me, it was COVID.

Roshan: And, uh, I would say I did not do a great job In advance of COVID diversifying my overall portfolio, you know, I was, I was, I was way too conservative on the real estate investment side. I did not build the real estate portfolio that I should have, and certainly could have, uh, passed on too many deals. And when COVID hit and I realized that I was spending much of my time on commercial real estate brokerage, which provides no stability.

Roshan: Uh, you know, it's a very much an eat what you kill business. Um, I realized that I wasn't [00:30:00] making money while I slept, nor did I have a diversified revenue stream. So that to me was a real wake up call and, um, kind of forced, forced me into diversifying my overall portfolio. And so today, you know, with the Bitcoin mining, it's a, it's a fantastic business.

Roshan: It's a cash flowing business. Um, the health care company that we have, uh, acquired a substantial stake in, um, is, is, is highly profitable, um, and something that we plan to sell and have a liquidity. Uh, from within the next two years, um, the real estate investment business is something that's longer term, um, but also much more stable than anything that I've been doing.

Roshan: And then commercial real estate brokerage. I still love it. I think I'm pretty good at it. I love the hunt and chase. Um, and when you, and when you close a big deal, it's a, it's a, it's a great feeling, but I'm, I'm no [00:31:00] longer. Uh, entirely reliant on, on that. And, and the pivotal moment for me was really COVID when, when people stopped going to the offices, when people were no longer going out and signing, um, office leases, uh, the entire business essentially shut down for about a year.

Mehmet: I think, you know, probably COVID was the biggest lesson for a lot of us. You know, not to rely on a single, um, you know, source of income or even like one. Project even, you know, so, uh, and push people to diversify, which, which I think it's one of the, one of the positive facts that happened after COVID. Of course, like we, all of us, we hated being locked at home and not being able to go out and seeing, you know, our friends and family.

Mehmet: But, you know, I see it from, from the positive perspective, it pushed a lot of people to think again in this way, which is great. Like you did that also Roshan yourself. Now,

Roshan: and it's, it's not as though, you know, I didn't realize. [00:32:00] I spent in the industry that, uh, I needed to diversify or that I wasn't building anything generational that I can pass down.

Roshan: You're not building a legacy and, and some, you know, assets that you can pass down to your children, um, or true real wealth. In, in, in commercial real estate brokerage, but there was certainly was a level of comfort and complacency to some extent that, that I had just having done well, uh, in that business, but that, that all changed, that all changed during COVID and it really forced me into action.

Roshan: So.

Mehmet: And which is, I think it was great. And, uh, uh, I always like, like to hear, you know, these, these stories, Russian, because, you know, it, it shows also resiliency. It shows also like you're willing to, uh, to try something different, which is because as I was telling you before, even we start today's episodes, you know, the reason I focus on, on entrepreneurship is, you know, and I say, say always, you need to have this [00:33:00] mindset.

Mehmet: And when we say mindset, it's not like the general term. No, like you need to be able to pivot. You need to be able to, to change directions if, if things, uh, force you to do, and this brings me to the last question I want to ask you today.

Roshan: One point there is that in addition to pivot, you know. You have to be able to step out of your comfort zone and take risk.

Roshan: And for me, I was extremely risk averse. Um, and that changed, you know, I have made substantial cash investments into, into crypto, into, into, into real estate, into, um, into healthcare. And, uh, they're, they're, they're going to pay off, but I can tell you that, um, if you're not willing to take that leap and take the risk, you're never, you're never going to hit it big.

Mehmet: Absolutely. And this is what I wanted to ask you, like, if you want to keep us today and the audience with a final advice, um, you know, whether someone is on the verge to start a project. In any field maybe it's real [00:34:00] estate. Maybe it's an investment. Maybe it's a tech project a startup. What do you tell them?

Roshan: um For me, honestly, it's it's all the first thing for me is it is the team it is all about the team and It is two things one You need to be able to trust your team implicitly. Um, that's, that's the, for me, that's in anything that I do, I don't care. How I I'll tell you, there was two real estate deals that were fantastic opportunities on paper, all the modeling, um, and, and everything that I was looking at, it screamed to be a great deal, but I just could not get comfortable in both those instances with the sponsor, with the real estate team.

Roshan: And there was something about the vibe that I was getting from them. That, uh, I passed. And so I think having that, that intuition and trusting your gut is important. Um, so trust is the first thing. And then two is when you're building the team, it's about building a team that complements your skill sets, right?

Roshan: Like [00:35:00] for me, I don't consider myself to be particularly sophisticated. With, um, financials with financial modeling and accounting. So in, in my businesses, I've got a rock, a rock star, a guy who's brilliant with math, with finance. Yeah, you don't have to be good at everything, but it's important to recognize and to have the self awareness to know what you're not good at.

Roshan: And then build a team that can compensate for those, you know, potential deficiencies.

Mehmet: Absolutely. And thank you very much, Roshan, for sharing, you know, this advice with us. So where we can find more about Decimal and of course, If someone want to get, uh, in touch with you.

Roshan: Yeah. I mean, they can email, they can email us at, uh, it would be info at decimal group.

Roshan: io, or it can email me, which is Roshan, R O S H A N at decimal group. io. Uh, [00:36:00] we do have a website that's undergoing a complete revamp. So welcome to visit it, but it's not going to have the latest and greatest. And, uh, yeah, we would always welcome people to reach out and, and, um, you know, the team and I are always happy to share information and, and educate people.

Roshan: We, we love, we love networking in this industry and, and meeting, um, you know, folks who are, who are equally passionate and, and interested about learning and exploring new ideas.

Mehmet: Absolutely. Thank you very much, Rochelle. Just the links you mentioned, they will be in the show notes for people who want, uh, to get in touch.

Mehmet: Uh, again, you know, great insights from you today. Um, you know, and I think it's also enlightening from the perspective of how things can be done different. You know, when it comes to investment in this, uh, cryptocurrency domain, and especially what you do it in a different way with the mining thing. So great insights from you, Roshan.

Mehmet: Thank you very much for sharing your experience [00:37:00] also as well with us. And as usual, this is what I tell my audience at the end of each episode. very much. If you just discovered this episode at this podcast by luck, thank you for passing by. I hope you enjoyed it. If you did, so please subscribe. We are available on all podcasting platforms and share it with your friends and colleagues.

Mehmet: And if you are one of the loyal followers who keep coming back, sending me their notes, sending me their suggestions, thank you very much and keep supporting us. And if you are interested to be on the show, I'd You know how to reach me i'm available on mainly all social media platform, but mainly on linkedin So get in touch with me.

Mehmet: We can discuss if you're interested to be on the show and we can make it happen Thank you very much for tuning in and we'll meet again very soon. Thank you. Bye. Bye.

Roshan: Bye