Daniel Miller | |
|---|---|
 | |
| Education | M.B.A.[1] |
| Alma mater | Wharton School of Business[2] |
| Occupation(s) | President, Fundrise |
| Known for | Co-Founder, Fundrise |
| Website | Daniel Miller on LinkedIn |
Daniel Miller is an American entrepreneur and business executive. He is the founder of Fundrise, a real estate crowdfunding platform he launched with his brother in 2012. He is also the founder and a managing partner with WestMill Capital Partners, a real estate investment firm based in Washington D.C..[3] He currently serves as the President of Fundrise.[4]
Early life and education
editMiller grew up in a real estate environment.[4] His father Herb Miller is the founder of Western Development Corp., a real estate development company known for projects such as Washington Harbour, Georgetown Park, Gallery Place, and numerous properties owned by the Mills Corporation.[3]
Miller attended the Wharton School of Business and interned at a boutique private equity firm in Manhattan prior to graduation.[2] He graduated from Wharton with a dual B.S. and M.B.A. He studied real estate and finance and also obtained three separate licenses from the Financial Industry Regulatory Authority.[1]
Career
editAfter graduation, Miller worked for his dad developing properties in the Washington D.C. area[1] and also briefly worked for Credit Suisse.[5] It was shortly thereafter that he became the founding managing partner of WestMill Capital Partners, a real estate investment firm he founded in 2010.[5] The company was launched in 2010 and initially raised $10 million in funding from undisclosed investors.[3] WestMill Capital invested in local businesses including restaurants, retail location, and consumer venues.[3] The investments were mainly in "up-and-coming" neighborhoods and included the areas of H Street NE, Bloomingdale and North Capitol Street in Washington D.C.[3] After founding his next venture, Fundrise, Miller shut down the regular operations of the company while still maintaining original investments made while in operation.[4]
Miller and his brother Ben founded Fundrise in 2012. He began working on the project in 2010 and launched in 2012 before the passing of the JOBS Act.[6] His father developed 20 million square feet of real estate based in Washington, D.C. and the brothers began the company with the idea to allow residents in the D.C. area to invest in real estate development projects they were building.[7] Fundrise's first project, in the H Street NE Corridor in Washington D.C. raised $325,000 from 175 investors, where any resident of D.C. or Virginia could invest for as little as $100, making it the first crowdfunded real estate project in the United States.[6]
See also
editReferences
edit- ^ a b c Firshein, Sarah (20 August 2013). "Meet the 2013 Curbed Young Guns: Daniel Miller". Curbed. Retrieved 14 April 2015.
- ^ a b Greenhouse, Steven (17 April 2009). "Business Grads Looking Beyond Wall Street". The New York Times. Retrieved 14 April 2015.
- ^ a b c d e Neibauer, Michael (18 March 2011). "Miller brothers create $10M pool for retail, restaurants". Washington Business Journal. Retrieved 14 April 2015.
- ^ a b c Marino, Vivian (6 January 2015). "A Conversation With Daniel Miller, President of Fundrise". The New York Times. Retrieved 14 April 2015.
- ^ a b DePillis, Lydia (6 October 2011). "Miller Time!". Washington City Paper. Retrieved 14 April 2015.
- ^ a b Cortese, Amy (27 May 2014). "Fundrise, a Crowdfunding Website, Raises $31 Million". The New York Times. Retrieved 23 February 2015.
- ^ Gage, Deborah (26 September 2015). "Renren-Backed Fundrise Bulks Up In Real Estate Crowdfunding Sector". The Wall Street Journal. Retrieved 23 February 2015.