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Jeremy Gollehon

Jeremy Gollehon's Public Library

  • It only takes 4-5 business days if you "pull" money from an external account. If you "push" from that account into your Schwab account, it's 1-2 business days.

  • We all know this data: 57% of online visitors will abandon a page if it takes longer than 3 seconds to load. People used to be willing to wait up to 10 seconds, but expectations are way higher today.
  • Static website generation also eliminates a lot of performance concerns during the development process.


    If you’re building a dynamic database-driven website, the efficiency of the database queries you’re making is extremely important because they’ll need to be fast enough to run once for every single HTTP request. Even if a solid caching layer lies on top of your website, there’s often a risk that some requests will effectively work as cache-busters, triggering worst-case queries in the back end and causing the whole system to grind to a halt.


    With a static-generated website, it doesn’t matter much if pulling content into a template takes a few seconds more or less: That only happens when you publish, and there will never be a performance penalty for end users.

  • Most well-Funded Companies


    Six of the top 10 most well-funded real estate tech companies are based outside of the US. Shenzen, China-based real estate platform Fangdd tops the list, having raised $311M since its founding. PropertyGuru and Aiwujiwu, which are both based in Singapore and China, respectively, round out the top 3.

    Most Well-Funded Real Estate Tech Companies 2010 – 2015 YTD
    RankTotal Disclosed FundingCompany
    6$127MReal Matters
    9$105MSMS Assist

  • Venture capital funding to real estate tech startups crossed the $1B mark last year, and is projected to reach $1.5B at the current run-rate.
  • Between 2013 and 2015, the top 20 smart money VCs are averaging 15 deals annually in real estate tech (assuming 2015 year-to-date trends continue).
      • In 2015 YTD there has been $164M deployed across 12 deals involving smart money VCs, and at the current run-rate funding would reach $230M across 17 deals.

      annual smart money vc real estate tech graph v2

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  • Hedge funds like Ackman’s are in no position to manage assets long term, since limited partners have the right to redeem interests every quarter. It’s why, by their nature, they are trading vehicles. So last October Ackman issued shares in a new entity publicly traded in Amsterdam, Pershing Square Holdings Ltd., creating some $6.5 billion in new permanent capital from investors, mostly outside of the United States. Add to this his own and his employees’ money in Pershing Square hedge funds and Ackman has boosted his permanent capital to more than $8 billion (his total assets under management are now $19.5 billion).
  • Weinreb, as the Howard Hughes point man, is key. Ackman has real estate chops, but Weinreb lives and breathes it. The two first met in high school in Chappaqua, N.Y. Weinreb, who graduated two years before Ackman, was a celebrity at school because he starred in TV commercials for Ronzoni pasta and Bubble Yum gum, and used his earnings to buy an apartment in Manhattan. He then dropped out of New York University (and later show business) and wound up in Texas, where he sold real estate during the oil boom of the 1980s.
  • Control is important in all of the duo’s master plans. Besides its Las Vegas real estate and planned community, Howard Hughes also owns the Woodlands, a 28,400-acre planned community on the outskirts of Houston conceived in the 1960s by shale gas pioneer George Mitchell, as well as parts of James Rouse’s planned community in Columbia, Md. It also owns Ward Village, a 60-acre plot of coastal land in Honolulu, where the company has already broken ground on two luxury towers that are more than 80% sold.


    Instead of pawning off projects to joint venture investors, Ackman and Weinreb are doubling down. One of Weinreb’s first moves, in fact, was spending $118 million on a deal in 2011 to buy out the 48% interest Morgan Stanley held in the Woodlands. They also decided to retain the 25 million square feet of strategic development Howard Hughes owns on all of its properties. Just as Buffett counts on steady cash flow from Berkshire Hathaway’s insurance holdings, Ackman is trying to position Howard Hughes as a real estate cash machine. Cash flow is expected to triple by 2016 to over $500 million per year, according to Compass Point analyst Wilkes Graham.

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