{"id":11599,"date":"2019-12-11T13:54:53","date_gmt":"2019-12-11T18:54:53","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?p=11599"},"modified":"2019-12-11T13:55:39","modified_gmt":"2019-12-11T18:55:39","slug":"two-sigma-ventures-to-grand-central-tech","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/two-sigma-ventures-to-grand-central-tech\/","title":{"rendered":"Two Sigma Ventures to Grand Central Tech"},"content":{"rendered":"\r\n<p>Last time we discussed the very early days. From mid-2008 to 2010, <a href=\"https:\/\/www.renthop.com\/blog\/2019\/12\/renthop-office-spaces-the-early-years\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"RentHop used co-founder Lawrence Zhou's apartment (opens in a new tab)\">RentHop used co-founder Lawrence Zhou&#8217;s apartment<\/a> to write code on nights and weekends, while the founders held day jobs at Traxis Partners, D. E. Shaw &amp; Co., and Two Sigma Investments. The doormen must have assumed we were dating, given all the late nights when I would leave the apartment, looking disheveled from a long hacking session.<\/p>\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n<p><strong>Grand Central Tech &#8211; Urban Tech Hub<\/strong><\/p>\r\n\r\n\r\n\r\n<p>In 2013, RentHop raised a seed round from Two Sigma Ventures, one of the first investments TSV made in the PropTech and Big Data space. Floored and Canary were also part of their early portfolio, and all three companies shared offices, first at 96 Spring Street then 101 Avenue of the Americas.<\/p>\r\n\r\n\r\n\r\n<p>Within two years, the office was full of startups from all kinds and sizes. One of the best things about Two Sigma Ventures is their willingness to invest in a large range of company stages, and a wide range of check sizes. You can be two founders with a prototype, or a borderline private equity deal &#8211; as long as your company is engineering innovative solutions using data analysis and machine learning, they should be on your list.<\/p>\r\n\r\n\r\n\r\n<p>RentHop grew to 9 employees during our time at Two Sigma &#8211; but sitting next to us, delivery company <a href=\"https:\/\/www.reuters.com\/article\/brief-homer-logistics-says-raised-85-mln-idUSASA09V1N\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Homer Logistics raised $8.5 million (opens in a new tab)\">Homer Logistics raised $8.5 million<\/a> and quickly expanded to over dozens of executives and employees. When Homer outgrew the space, <a href=\"https:\/\/www.businesswire.com\/news\/home\/20190612005855\/en\/Waitr-Holdings-Announces-Promotion-Adam-Price-Chief\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"CEO Adam Price (opens in a new tab)\">CEO Adam Price<\/a> moved the company to Urban Tech Hub at Grand Central Tech, and was kind enough to carve out space for us to sublet. Adam is now CEO of a publicly traded company after selling his startup, and we took over the GCT space!<\/p>\r\n\r\n<p>\u00a0<br \/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-10201\" src=\"https:\/\/scontent.fphl1-1.fna.fbcdn.net\/v\/t1.0-9\/32580652_10101600509148638_7885944595547160576_n.jpg?_nc_cat=103&amp;_nc_ohc=Vs2IbPpT880AQm4XZaQ-f8e5p-zIifujPyTIVHdsEFVrxi0vKgF3jAlQQ&amp;_nc_ht=scontent.fphl1-1.fna&amp;oh=5ea1f445c21e3a356c76074d0b8022d6&amp;oe=5E7C20EA\" alt=\"\" width=\"424\" height=\"136\" \/><br \/>\u00a0<\/p>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n<center><strong>Urban Tech Hub at Grand Central Tech attracts alumni from various accelerators &#8211; some from Y Combinator (RentHop), others from Bachman&#8217;s Hacker Hostel (SeeFoods)<\/strong><\/center>\r\n<p>&nbsp;<\/p>\r\n<p>&nbsp;<\/p>\r\n\r\n<p><strong>Not at All Like WeWork <\/strong><\/p>\r\n\r\n\r\n\r\n<p>Urban Tech Hub brings together a unique community of invite-only startups focusing on unique problems and opportunities in dense cities such as New York &#8211; transportation, logistics, infrastructure, clean tech, and big data, and space allocation are focus areas &#8211; thankfully RentHop and RealtyHop tick many of the boxes! We will discuss our current offices more another time!<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Last time we discussed the very early days. From mid-2008 to 2010, RentHop used co-founder Lawrence Zhou&#8217;s apartment to write code on nights and weekends, while the founders held day jobs at Traxis Partners, D. E. Shaw &amp; Co., and Two Sigma Investments. The doormen must have assumed we were dating, given all the late [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":11623,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[153],"tags":[314,313,316],"class_list":{"0":"post-11599","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entrepreneurship","8":"tag-grand-central-tech","9":"tag-two-sigma-ventures","10":"tag-urban-tech-hub"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v23.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Two Sigma Ventures to Grand Central Tech - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/blog\/two-sigma-ventures-to-grand-central-tech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two Sigma Ventures to Grand Central Tech\" \/>\n<meta property=\"og:description\" content=\"Last time we discussed the very early days. From mid-2008 to 2010, RentHop used co-founder Lawrence Zhou&#8217;s apartment to write code on nights and weekends, while the founders held day jobs at Traxis Partners, D. E. Shaw &amp; Co., and Two Sigma Investments. The doormen must have assumed we were dating, given all the late [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/blog\/two-sigma-ventures-to-grand-central-tech\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Topics, Tips, and Guides\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-11T18:54:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-11T18:55:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2019\/12\/ventures.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lee Lin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lee Lin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.renthop.com\/blog\/two-sigma-ventures-to-grand-central-tech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/two-sigma-ventures-to-grand-central-tech\/\"},\"author\":{\"name\":\"Lee Lin\",\"@id\":\"https:\/\/www.renthop.com\/blog\/#\/schema\/person\/5877a1d4b27a98e84d9840c6aea99af7\"},\"headline\":\"Two Sigma Ventures to Grand Central Tech\",\"datePublished\":\"2019-12-11T18:54:53+00:00\",\"dateModified\":\"2019-12-11T18:55:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/two-sigma-ventures-to-grand-central-tech\/\"},\"wordCount\":384,\"publisher\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.renthop.com\/blog\/two-sigma-ventures-to-grand-central-tech\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2019\/12\/ventures.png\",\"keywords\":[\"Grand Central Tech\",\"Two Sigma Ventures\",\"Urban Tech HUb\"],\"articleSection\":[\"Entrepreneurship\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.renthop.com\/blog\/two-sigma-ventures-to-grand-central-tech\/\",\"url\":\"https:\/\/www.renthop.com\/blog\/two-sigma-ventures-to-grand-central-tech\/\",\"name\":\"Two Sigma Ventures to Grand Central Tech - 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