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MEET THE 2019 NYC TECH INFLUENCERS
New York is a city that's built on finance and real estate. The finance industry alone generations in excess of $1T in value every year and the aggregate combined property valuation in the city also exceed $1T. Serious money. Sitting at the intersection of these two industries and technology is Ryan Williams, the cofounder and CEO of Cadre. Cadre is simply a real estate Crowdfunding platform that links developers with capital sources that are interested in investing in the flourishing real estate market.
Williams cofounded Cadre in 2014 with Jared Kushner and past NYC Tech Influencer Honoree Josh Kushner after spending time at the real estate private equity practice at The Blackstone Group. Prior to Blackstone, Williams was at Goldman Sachs working in investment banking. A graduate of Harvard, Williams set out to tackle two of the problems associated with the syndication of real estate investment transactions ñ cost and lack of technology.
While there are several real estate Crowdfunding platforms; most suffer from the problem of a typical two-sided marketplace, where you need to attract both buyers and sellers in a transparent way with quality deal flow. Under Williams' leadership, the company has been able to secure partnerships with some of the largest and most reputable property developers that are listing compelling investment opportunities and also attract high caliber investors looking for such opportunities. The platform is rumored to have already transacted in over $1B in transactions.
The team at Cadre is also ambitiously working on building a second marketplace so that investors do not need to wait for a liquidity event like the sale of a property to realize returns. Williams has raised $130M+ for the venture and is backed by investors that include Thrive Capital, The Ford Foundation, Goldman Sachs Investment Partners, Khosla Ventures, General Catalyst, and Andreessen Horowitz. The company has also notably signed a partnership with Goldman Sachs, which has committed to invest $250M in opportunities on the platform on behalf of its private wealth management clients.