Nelson Del Rio
Nelson has been with Blokable from the beginning – as an advisor since the company’s founding and as co-CEO since 2017. Nelson graduated from Harvard Law School in 1987 and has been an active and continuous member of the California State Bar since 1987. Nelson began his career as a Mergers and Acquisition Attorney at Skadden, Arps, Slate, Meagher & Flom and then went on to become an active impact investor, developer, and philanthropist.
In addition to his retail, land and other type of real estate acquisitions and development, Nelson is best known for his efforts in early single asset securitization, as well as the creation of the public-private partnership, design-build paradigm in use today in connection with government and other facilities. More specifically, Nelson designed the structure and drafted all related documents in connection with the creation of credit tenant lease bonds for a public-private waste transfer facility and a private company’s headquarters and manufacturing facility. In each case, Nelson acted as a principal in bond creation and then resold the bonds to institutional investors. Each of the transactions was among the earliest commercial real estate single asset securitizations. Nelson went on to apply his prosperity-centric development model to commercial real estate where he utilized a novel design-build-finance-manage-operate structure to realign interests of all participants in the development process which drastically reduced risks, lowered costs, cut development time, greatly increased build quality and finishes, provided a better occupant experience, and resulted in highly efficient and resilient building, while also creating wealth in the community at large. To accomplish this outcome, he structured the first rated, insured and publicly traded off-balance sheet financings of public-private-civil society partnerships (P3s) developing public facilities. In total, Nelson structured, designed, financed, and developed three welfare office projects at a cost of approximately $145 million and gave away the residual value of the projects to impacted communities through not-for-profits he administers to this day.
These early P3 efforts became the prototype for an industry of design-build-finance-operate-manage projects around the world in the years following. Through application of his prosperity-centric wealth creating model, Nelson effectively used capitalism to privatize risks and socialize wealth creation — later P3 efforts often did the inverse. Nelson is bringing this same prosperity-centric wealth creating structure, process, and creativity to the implementation of Blokable’s approach to creating housing wealth for its shareholders and for the underserved.
Aaron’s background is building products, systems, and businesses that transform industries and in 2016, he launched Blokable. Aaron has founded and led businesses and product teams, notably solving difficult product and business problems to enable the launch of Amazon’s first two physical retail businesses, Amazon Go and Amazon Books. At Amazon, Aaron saw first-hand the opportunity to apply advanced technology, supply chain and logistics to enable innovative and integrated business models in the built environment. Prior to his time at Amazon, Aaron, among other projects, co-founded Mylio, a software startup that protected and organized large libraries of personal photographs and memories.
Prior to Mylio, Aaron co-founded Industrial Color, a global leader in digital media Software as a Service, where he built a world-class team and digital media infrastructure that serviced customers like NBC, Warner Bros, Victoria’s Secret, Sony Pictures, Gap/Old Navy, CBS and Publicis. Aaron was CTO and head of the GLOBALedit software business and was at the forefront of the media industry’s transition from analog to digital photography. Industrial Color sold in successive private equity transactions for over $100M.
Aaron is applying his expertise creating advanced technology that transforms traditional industries to Blokable to create the product development, technology, logistics, and investment platforms necessary to enable Blokable’s Modular Development™ model.
Timothy connects the dots between user experience, technology, and business. Through the lens of architect, human-centric industrial designer, and business strategist, he has successfully created and expanded on customer experience for industry leaders including Boeing, Best Buy, Amazon, and LATAM Airlines. Tim’s professional experience merging physical environments and digital technology into holistic customer experiences has made him a sought-after conference speaker and graduate lecturer. He has worked as a design leader within both agency and corporate environments, most notably with AmazonGo, TEAGUE, and HOK Architects. At Blokable, Tim’s career has come full circle, bringing his unique experience to the challenge of creating a new category of housing.
A veteran real estate development and investment executive, Steve brings to Blokable uniquely broad-based, vertically-integrated multifamily expertise that encompasses all phases of the real estate life cycle – from acquisitions and financing to development to asset management and operations. Prior to joining the Blokable team, Steve was Managing Director in the Executive Office of Lerner Enterprises, the largest private real estate developer and owner/operator in the Washington, D.C. market. At Lerner, he led the acquisitions and joint venture efforts of the company, as well as key elements of the development and asset management platforms. He orchestrated the top-to-bottom transformation of Lerner Residential – the company’s 5,000-unit multifamily division – achieving financial results that significantly outperformed the market. Before Lerner, he was an executive at Woodridge Capital Partners, a leading real estate development and investment firm in Los Angeles, with deals and projects across the United States. He has executed over $1.8 billion of real estate transactions and has played an integral role in development projects with budgets totaling over $4.5 billion. His highly-diversified residential development experience ranges from low-density multifamily product to luxury high-rise towers, as well as master-planned residential communities and large-scale mixed-use projects.
Earlier in his career, Steve was a corporate lawyer specializing in mergers and acquisitions and private equity for Oaktree Capital Management and Milbank Tweed – the Wall Street law firm of the Rockefellers and Chase Manhattan Bank. He holds a B.A. from Dartmouth, an M.B.A. from the Tuck School of Business at Dartmouth, and a J.D. from the University of Michigan Law School.
Board of Directors
Jason Calacanis is a technology entrepreneur, angel investor, and the host of the popular podcasts This Week in Startups and Angel. As a “scout” for top Silicon Valley venture capital firm Sequoia Capital and later as an angel investor, Jason has invested in 150+ early-stage startups including 6 “unicorns” (billion-dollar valuations). His book “Angel: How to Invest in Technology Startups: Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000” was published by HarperCollins in July 2017. He lives in San Francisco, California.
YB Choi has been a part of the Venture Capital team at Vulcan Capital since 2008 focusing on early-stage investments driving core technology innovation broadly across many sectors. Prior to joining Vulcan, YB was a manager in the IP Acquisitions and Investments group at Microsoft Corporation. Before joining Microsoft, he was a member of the mergers and acquisitions group at Oppenheimer & Co. (formerly CIBC World Markets) and, earlier, worked in the health care investment banking group at Cowen & Co. YB received his BS in Engineering Management Systems from Columbia University. He advises Venture Investing students at the University of Washington as a W Fund Fellow and is a frequent participant as a judge or panelist at events and conferences focused on early-stage technology investment.