Ron Conway Sells the $9.5 M. Co-op Where His Ed Lee Promo Was Shot
Ron Conway, the pioneering angel investor behind the "spray and pray" technique, has put his $9.5 million "Louis XV style" abode up for sale, reports Business Insider. According to Trulia, the price for this full floor apartment in one of "San Francisco's most desirable co-op buildings" has recently dropped half a million.
Perhaps buyers found the Venetian plaster ceiling finish was too baroque?
In 2011, the "Godfather of Silicon Valley" threw a party on the building's roof deck attended by Marissa Mayer and Biz Stone. Guests were required to perform "a few hip-hop moves" and lip-synch to "Too Legit to Quit." MC Hammer, a longtime friend of Conway's, agreed to remix the 1991 hit as a promotional video for Mayor Ed Lee.
Fortune magazine described the open-air event:
The whole affair is classic Conway: mixing work and play, pulling together connections from the worlds of Internet investing, celebrity, philanthropy, and now politics to push his agenda. The video quickly went viral, and Lee handily defeated his rivals in the mayoral election.
Conway and Lee are still performing their two-man act around town. In fact, Conway's non-profit group, sf.citi, has been trying to to "ease tensions" between the tech industry, city government, and the rest of San Francisco's residents.
The investor, who has backed Twitter, Facebook, Google, PayPal, and more, highlighted those efforts at The Crunchies.
But as soon as the awards started, well-known angel investor Ron Conway opened the awards and made a plea for the tech industry to pay attention to what is going on in San Francisco. "We may not agree with everything the protesters outside have to say, but they do represent an anxiety," Conway said, and he called upon the entrepreneurs, executives and others in the audience to engage with their neighborhoods and communities and donate time or their money or both. He said he would match contributions to a non-profit he chairs, sf.citi, if donations reached $12,000 on Monday night. A request to sf.citi for an update on Conway's plea for donations was not returned by press time.
We've also reached out to sf.citi to ask about matching donations. But since the apartment still up for sale, why not invite the protestors over for some of that "classic Conway" politicking? The breakfast nook with "magnificent" Bay views looks inviting.
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