Four Appointed to Shadow Ventures Advisory Council

Shadow Ventures, a U.S. based technology venture capital firm focused on investing in seed-stage startups disrupting the $40 trillion real estate and construction markets, announced today four new members for its Strategic Advisory Council. The members form an elite group of influential leaders with robust and diverse backgrounds, who are collectively committed to the development of innovative technologies to advance the industries of the “built world.” The announcement was made by Shadow Ventures’ founder and CEO, K.P. Reddy, noted CRE/AEC investor, serial entrepreneur, and technologist.

“When we set out to create the council, we knew we wanted a group with proven ability to drive real change, not just industry background.” Mr. Reddy said. “With his group, we’ve done that. It’s rare to have a former economic advisor to the President as well as three leaders with proven entrepreneurial/investment track records in multiple industries involved in a seed-stage VC firm. We think their curiosity and imagination about how technology can improve the worlds of real estate design, construction, operations and management coupled with their ability to influence widespread adoption make them a wonderful resource for our portfolio companies as well as our executive team.”

The new members are: Brian P. McGowan, former Economic Advisor to President Obama and CEO of Greater Seattle Partners, a public/private partnership created to advance economic growth and competitiveness for the Puget Sound region; Bob Vanech, CFO and Business Development Manager of TREBEL, the world’s first licensed music service to deliver downloadable music for free by combining digital advertising and social payment technologies, and former Co-Founder of CADFORCE, an A/E design and production services firm (exited to Neilsoft). Craig M. Deitelzweig, CEO of national CRE investor, operator, and developer Marx Realty; And Brandon R. Huffman, Managing Director for Rubenstein Partners, a registered investment advisor and fund advisor for a series of private equity funds focused on office investments throughout the United States.

Council members bring a national footprint to Shadow with a presence in New York, Los Angeles, Seattle, and Philadelphia. Each member will actively advise on sourcing investment opportunities, diligence matters, growth strategy, and potential exit sentiment for Shadow’s full portfolio of investments.

“What we’re most excited about with the Council is the immediate value they’re going to bring to the entrepreneurs we invest in. They are undoubtedly going to serve our founders in a meaningful way and create unique advantages they can’t get anywhere else,” said Nick Durham, Senior Associate and Council liaison for Shadow Ventures.

About the Shadow Ventures Strategic Advisory Council New Members:

Brian P. McGowan is the President and CEO of Greater Seattle Partners – a public/private partnership created to advance economic growth and competitiveness for the Puget Sound region. It will focus on attracting new investment, promoting international trade and growing existing industry clusters.

The start-up organization is supported by companies such as Boeing, Amazon, JP Morgan Chase, Microsoft, Starbucks and Alaska Airlines, and county executives, mayors and port commissioners from Snohomish, Pierce and King counties.Prior to this, he was the CEO of the Atlanta Beltline Inc. and worked as a Principal with the global law firm Dentons.

Mr. McGowan was appointed by President Obama in 2009 as U.S. Deputy Assistant Secretary of Commerce. In this capacity, he was the Chief Operating Officer of the U.S. Economic Development Administration. He was detailed to the White House as an Economic Advisor to lead the Economic Solutions Group within the National Incident Command in response to the BP oil spill.

Mr. McGowan was also appointed by Governor Schwarzenegger to serve as California’s Deputy Secretary for Economic Development and Commerce.

Bob Vanech is Chief Financial Officer and Business Development manager of TREBEL. Mr. Vanech has previously served as the Chairman and founding CFO of Zealot Networks, where he led the company’s $100 million fundraising effort and the acquisition of 17 digital media properties, including 4 digital music companies and 6 ad monetization companies.

Mr. Vanech is a seasoned entrepreneur with significant venture capital and business incubation experience as well as a background in the AEC industry. He was the co-founder and Director at CADFORCE, an A/E design and production services firm and also founded and served as the President of Eureka Broadband Corporation (now InfoHighway Networks), a highly profitable telecommunications company with $110 million in annual revenues. Prior to that experience, he was a partner at ETF Group, a $250 million Swiss technology venture fund.

Craig M. Deitelzweig joined Merchants’ National Properties, Inc. and its management and development arm, Marx Realty & Improvement Co., Inc. in August of 2017 as President and Chief Executive Officer. In this capacity he oversees a portfolio of more than 5 million square feet of space across the US, including marquis properties such Cross County Shopping Center in Yonkers, NY (the first open air shopping center in the US), 10 Grand Central and 545 Madison Avenue in NY, NY, 207 Peachtree Street in Atlanta, GA, and numerous development sites in markets such as Washington, DC and Boston, MA.

Mr. Deitelzweig brings over 20 years of diverse real estate experience to Marx Realty. He joins Marx Realty from Building and Land Technology, where he served as a Managing Director and head of Asset Management overseeing a diverse portfolio of office, multifamily and hotel assets across the United States. Prior to joining BLT, Mr. Deitelzweig oversaw the office division of Rockrose Development Corp., and previously led the leasing and asset management activities of the Ruben Company’s 4,000,000 square feet of retail and office space in New York, Washington, DC, and Boston. Mr. Deitelzweig is also an attorney having worked in the real estate group at Skadden Arps.

Brandon R. Huffman joined Rubenstein Partners in 2008. As Portfolio Manager of Equity Investments, he is responsible for implementing and overseeing all aspects of the firm’s value-added funds and is a member of the Investment Committee. Rubenstein Partners is a Registered Investment Advisor and Fund Manager for a series of private equity funds focused on office investments throughout the United States. The firm is vertically integrated and provides first-class investment services on behalf of its investor base, which consists of some of the nation’s preeminent public and private pension funds, university endowments and family offices.

Mr. Huffman is a member of PREA, ULI and the Editorial Board of Institutional Real Estate Incorporated He is also a member of the Philadelphia Chapter of YPO.

About Shadow Ventures
Shadow Ventures is a venture capital firm focused on investing in startups in the underserved real estate and construction markets. Our process and ecosystem are driven by both experience as investors, entrepreneurs and technologists to provide best-in-market returns for our investors and unparalleled opportunities for our startups.

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