🎧 Funders & Founders #6: Pat O'Meara, Inveniam
The operating system for trusted data
Hey friends -
🎧 Funders & Founders Episode #6 is live! 🎧
Pat O'Meara, Founder, Chairman, and CEO of Inveniam, a startup that provides data integrity and price discovery for infrequently traded assets including commercial real estate. We discuss why bad data leads to mispriced assets in private markets, how the company's software is unlocking trapped capital for major firms like Cushman and Wakefield and CBRE, and how the company uses blockchain to create a verifiable audit trail for every data point.
Think of Inveniam as a shared utility. They’re not trying to prove “truth.” Rather, their software establishes the audit trail to what others state is truth.
We're a notary. We're a real-time, short interval audit of a digital form of notarization. That we're not saying what you're saying is true. We're just saying, you said this and it hasn't been altered since you said it and we can prove that.
It’s the mechanism to credential data. How do you know data hasn’t been altered? Because Inveniam’s got the audit trail.
Take commercial real estate. Instead of a multi-month process to find out how much your building is worth, Inveniam can do it in days for less than 1/10th the cost. They’ve got the audit trail. No more checkers checking checkers checking checkers.
Please enjoy this conversation with Pat O’Meara!
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Cheers,
Jared