We just had an extremely successful panel this past Tuesday at Columbia MSRED program. For those who want to know the real difference between MSRED and MBA, check out the article below and the panelists' websites to find out for yourself what they do. 85% of your future MSRED classmates dream to become one of these entrepreneurial guys like Jared Dalla Valle, Jonathan Segal and Robert Ranquist. They are not bankers, they don't work for institutional investors. But they create, they envision, they build some of the best development projects out there in the country.
These ppl started with fifty/sixty thousand dollars in their bank accounts and have reached where they are today. None of the banks were willing to lend them money for their first deal. They had to take the risk and have personal guarantee, full recourse to line up their financings. But with their unique visions and creativity driven by design, their products could launch at $200 dollars over market rates.
"To those who think underwriting is the only part of the equation, vision and perseverance are the real key to successful developments."