08 Jan January 8, 2014 – Real Estate Crowdfunder Brian Dally & Cloud VC Cindy Padnos
Brian Dally and his co-founder Nick Bhargava have built a crowd funding platform for real estate! Such a cool idea. We have talked about every other type of crowd funding, why not real estate?!?! Their first project is about half funded now. The platform is called Groundfloor and was born in the Research Triangle in North Carolina. Groundfloor connects real estate developers with individual investors. This new kind of financing cuts out the banks and other undesirable middlemen and by leveraging the transparency of the Internet, real estate developers can achieve unparalleled financial flexibility to build new projects. And likewise, investors get access to great deals. Previously, Brian led a team within Bandwidth.com that resulted in the concept, brand and launch of Republic Wireless.
Cindy Padnos has been an active member of the venture capital community for over a decade. She is founder of Illuminate Ventures, specializing in cloud based investments. At Outlook Ventures, she was one of three responsible for committing the firm’s $140 million fund. As a serial entrepreneur, Cindy helped deliver great returns for several venture-backed start-ups and has raised more than $100 million in venture financing! She was founder and CEO of Vivant, one of the earliest on-demand cloud companies which was eventually acquired by Oracle. She is currently an advisor to the Tepper School of Business, Carnegie Melon’s Center for Innovation and Entrepreneurship and is a Steering Committee member for the Program on Regions of Innovation and Entrepreneurship (SPRIE) at Stanford. Cindy was named one of the Most Influential Women in Silicon Valley (NYT), one of the Most Influential Women in Business in the Bay Area (SF Business Times), and one of the Most Influential Women in Technology (Fast Company). Wow.