The president of STS Ventures, a firm that incubates start-up companies in Nashville, Tennessee, Scott Sohr earned an MBA from the Vanderbilt University Owen School of Management and now sits on the school’s real estate advisory board. Away from his work, Scott Sohr supports Gilda’s Club Nashville, named after Gilda Radner, which provides resources to people with cancer.
Gilda’s Club Noogieland™, named after a Saturday Night Live skit, aims to help children between the ages of 5 and 17 whose lives have been impacted by cancer. Free of charge, Noogieland™ provides two support group programs that offer children a safe environment to express their feelings.
Kid Support™ is a day-long program that offers information relating to communication, socialization, and relaxation for children who live with a loved one who has cancer or have received a cancer diagnosis themselves. Grief Relief™ groups focus on children who have lost someone to cancer. The groups strive to help children process the emotions related to grief and celebrate the lives of those they have lost.
Technology entrepreneur Scott Sohr operates as the president of STS Ventures, a startup incubator headquartered in Nashville, Tennessee. In his leadership role with the company, Scott Sohr has developed a number of successful companies in fintech and real estate, including Built Technologies.
Headquartered in Nashville, Built Technologies enables fast, efficient communication between homebuilders, building inspectors, and the lending bank. Once the application for a home construction loan has been submitted, Built begins assembling lenders, borrowers, and closing companies. Over the course of the project, inspectors can update draw sheets in real time, which are then sent to loan officers for authorization. In this way, the Built platform eliminates some of the most time-consuming procedures in the home construction process.
On average, lenders increase average returns by $2.00 to $2.50 per dollar spent on the Built platform. In addition to increasing administrative capacity twofold to threefold, lenders see an additional 3 to 5 bps of interest income on each loan.