I was out with for a bike ride the other night with a good friend of mine and we were talking about all of the creative and social media-based projects that we would like to do. Everything from a daily vlog to a regular podcast. Sadly there are only so many things one can focus on.
If you’ve been reading this blog since the beginning of this year, you’ll know that I’ve been trying to write a book on “becoming a real estate developer.” I believe there’s a lot of interest in this topic. It’s the number one question I receive from readers: “How do I become a developer?”
But with everything that’s going on this year, I have decided to turn the research and writing I have done to date into a blog series that I’m calling BARED (Becoming A Real Estate Developer). I’ve interviewed a lot of fantastic people in the business and I want to get that information out there.
The focus of the series – which was the intent of the book – is to uncover the early decisions and first projects that these now successful developers made and took on. In other words, it’s less about their current successes and more about what they did to get there.
So no book. But expect to see the first BARED post very shortly. I think I’ll start with 3 posts and then gauge the response.
I’ve been spending my mornings this weekend, listening, watching, and reading things. I’m always reading to find content for this blog, but I’ve allocating more time to consumption this weekend. So you might be noticing a slightly different varietal of posts over the past few days.
This morning it’s a podcast called Dorm Room Tycoon. It’s an interview with Andy Weissman, who is a partner with the New York venture capital firm, Union Square Ventures. The topic is “how we invest” and I’m enjoying the discussion.
Andy describes their firm as being boutique and thesis-driven. Meaning they have theses and they look for companies that dovetail with them. But in addition, he also labels their approach as “conversational investing.”
What does that mean?
It means they listen, watch, and read. They blog (all the partners write their own personal blog). They engage and discuss. They put themselves and the firm “out there”. And they don’t pretend to have all the answers or to be able to predict the future. Instead they let their conversations – both internal and with the broader market – help them make their investing decisions.
So why do I bring this up?
Because in my own small way, I am trying to do the same with real estate development, architecture, and city building. I write every day to learn and because I am infinitely curious. If you want to know what I’m thinking about, read this blog.
It’s for this reason that my favorite blog posts are the ones in which there’s lots of discussion in the comment section. It’s the market talking back, telling me whether I’m out to lunch or not. Ultimately, this idea of “conversational investing” is really about iterative decision making.
Here’s the podcast embed in case you would also like to listen:
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Regardless, the Dorm Room Tycoon is worth checking out. They have other interviews with people like Malcolm Gladwell and Simon Sinek.
I can get lost on Google Maps for hours on end. I love looking at maps and I love using Street View to virtually explore cities. This morning I’m honed in on Cincinnati, Ohio (a city I’ve never been to) while I listen to this podcast about their unfinished subway.
In 1916, the city voted in favor of spending $6 million on a new subway. But it was never finished and so today – 100 years later – it has the dubious distinction of being the largest abandoned subway tunnel in the United States.
The podcast I’m listening to is with a fellow by the name of Jake Mecklenborg. He has written a book on the subway’s history and has emerged as the expert on this topic. And it all started with him just throwing up a website.
One particularly interesting aspect of the subway is how it tied into the city’s flooding problems. At the time, the population density of the constrained downtown was surging and the subway was viewed as a way to stitch together desirable land and relieve some of those urban pressures.
I’m also very interested in understanding how cities got founded in the locations that they did. As in, who was the person who dropped their bag and said: “yup, this, is the spot.” Somebody had to have made a decision.
Oftentimes there were specific strategic, economic, and/or environmental reasons for a certain location. And this is something that Jake touches on. In the case of Cincinnati, flooding was again a major determining factor.
If you can’t see/listen to the podcast through the embed below, click here.