After making his, fortune the Aussie entrepreneur started buying up rundown motels, but a new tech idea caught his interest and he is back on the tools.
After his tech firm Invoice2Go was sold for $850 million , tech entrepreneur Chris Strode did what most of Australia’s wealthy do – he started buying up property.
After leaving Invoice2Go, Mr Strode took a year or two off to brush up on his coding skills before starting to acquire residential investment properties and six rundown motels in south-east Queensland.The Australian Financial Review.“I never thought I’d end up in the motel business ... we’ve bought the worst motels, hopefully in good locations. We’re bringing them back to their former glory and making it an experience to stay in these retro motels.
Keen to get into the technology business, Mr Porteous pitched several start-up ideas to Mr Strode, before striking gold with a plan to create a payment system that gave building contractors and customers confidence that projects would be completed. Mr Strode signed on as a co-founder and chief technology officer, and since launching the product in February, IPEX has attracted more than 1000 users in Australia and has more than $600 million in projects under management.
He achieved a similar feat at Invoice2Go in cornering an untapped market, after realising that existing invoicing software was substandard, while working as a software developer for Macquarie Bank.
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