Company: Honest Buildings
Yesterday, Honest Buildings announced the close of a large Series A round: $5.5m (read here). Today, I interviewed co-founder and CEO Riggs Kubiak, who revealed us some interesting insights of the online marketplace and discovery engine for building professionals.
FinSMEs: Hi Riggs, Nice to meet you. Can you tell us a little bit about yourself?
Riggs: I’m 32 years old, originally from Washington State and now living in New York City. The majority of my career has been in the corporate real estate world working in a number of different areas, including financial analysis, asset management and sustainability. Prior to Honest Buildings I was a real estate agent and then a real estate investment banker, acquisitions associate, asset manager, and the global director of sustainability at Tishman Speyer, a leading global real estate developer, owner, and operator.
FinSMEs: How did you come up with the idea to create it? What’s the problem you wanted to solve in the market?
Riggs: Throughout my career, I was constantly bumping into different challenges, most of which stemmed from not having access to the right information at the right time to make smarter decisions when comparing companies and technologies. Each time I needed to complete a project, I had to consult multiple different resources to cobble together the best way to find and compare things, whether prices, buildings, tenants or building solutions. It always seemed like someone could use the Internet to link all these together, and make the process that much more efficient.
FinSMEs: How does it work?
Riggs: The HB Network allows people and companies to post case studies (such as construction projects, lighting retrofits and architectural designs) to building profiles attached to the addresses where these projects were delivered. You can add pictures, tags and even cost information, which is then searchable by decision makers who own or manage buildings. Our core service that we deliver as a value-add on top of this rich network of information is called HB Match, through which we work directly with decision makers to manage the process of finding them the right solution provider for their specific project.