Rafael Niesten built a nine-figure exit, woke up at 5:30am to watch the money land, and celebrated by going to Indian for $62 and buying three USB-C cables.

In this episode of 2 Commas, I sit down with Raf, founder of PropTech Labs, to unpack what it actually looks like to build, acquire, and sell a portfolio of PropTech businesses without an investment banker in sight. We cover three strategic acquisitions in 18 months, five months of due diligence with a giant US corporate, and why timing the market ended up mattering just as much as building the product.

We also get into the exit psychology - the void that opens up after a frenetic decade, the "one-eyed dog in a meat factory" focus lesson that changed everything, and what Raf's doing with the freedom on the other side. If you're building something and wondering what the finish line ...