“A CEO does only three things. Sets the overall vision and strategy of the company and communicates it to all stakeholders. Recruits, hires, and retains the very best talent for the company. Makes sure there is always enough cash in the bank.”
Links
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What is Dirt?
Dirt was founded to correct the problem of information in the real estate industry: too much of it is either fragmented, restricted or entirely unavailable. We believe that real estate consumers should be able to easily and freely access all the information they need through one consolidated source.
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Selling a ‘Hot Spot’ to the Beau Monde
A billionaire developer is building a luxury resort town-within-a-town at Andermatt, Switzerland, an ambitious project that allows foreigners to buy property without restrictions.
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Gambling away our cities
Why New Yorkers must fight the drive to legalize full-scale gaming
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How to Get Startup Ideas
“The way to get startup ideas is not to try to think of startup ideas. It’s to look for problems, preferably problems you have yourself.
The very best startup ideas tend to have three things in common: they’re something the founders themselves want, that they themselves can build, and that few others realize are worth doing. Microsoft, Apple, Yahoo, Google, and Facebook all began this way.”
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The Real Estate Deal That Could Change the Future of Everything
The Millers have invested the last two years and nearly a million dollars in trying to answer this question: Why can’t small-time investors put their money in their own communities? Then, finally, in August, they successfully took a single property on H Street public. Under a new company called Fundrise, the Millers invited anyone in the area – accredited or not – to invest online in this one building and its future business for shares as small as $100, in a public offering qualified by the Securities and Exchange Commission. By the time the deal closed last week, 175 people had together invested $325,000, for just under a third of the whole project. If the rest of this experiment works like the Millers hope it will, the idea embedded in this one unassuming storefront could have an impact on communities everywhere.
The Real Estate Deal That Could Change the Future of Everything
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The Take-It-on-Faith Condo
Certainly a different take on presales (compared to Toronto):
Rising demand and a scarcity of new apartments are creating something of a rush on new luxury condominiums, with buyers increasingly signing contracts for spaces even before they are built.
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Empire of the In-Between
The death and life of the industrial corridor linking New York and Washington:
The weirdness of this juxtaposition is hardly acknowledged anymore, because we’ve all had a few decades to get used to it. But for most of the 180 or so years of the train line’s existence, the endpoints of this journey — New York and D.C. — were subordinate to the roaring engines of productivity in between. The real value in America was created in Newark’s machine shops and tanneries, Trenton’s rubber and metal plants, Chester’s shipyard, Baltimore’s steel mills. That’s where raw material was turned into valued products by hard-working people who made decent wages even if they didn’t have a lot of education. Generation after generation, and wave after wave of immigrants, found opportunity along the corridor. Washington collected the taxes and made the rules. Wall Street got a small commission for turning the nation’s savings into industrial investment. But nobody would have ever confused either as America’s driving force.