# Risk game

By [Brandon Donnelly](https://paragraph.com/@brandondonnelly), 2019-01-05

barry-ritholtz, book, development, francis-greenburger, fred-wilson, masters-in-business, podcast, real-estate, risk-and-timing, risk-game, self-portrait-of-an-entrepreneur, time-equities, uncategorized, union-square-ventures

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> _“Francis is one of the most decisive people I know. He made a commitment to invest in our first venture capital fund in a five-minute cab we shared to work one morning.”_
> 
> _—Fred Wilson, Co-Founder, Venture Capitalist, and Blogger, Union Square Ventures_

Francis Greenburger, who is founder and CEO of the real estate investment and development firm [Time Equities](https://timeequities.com/index.php), recently appeared on Barry Ritholtz’s [Masters in Business Podcast](https://www.bloomberg.com/podcasts/masters_in_business).

They touch on a number of topics, including why development sometimes produces more bankruptcies than billionaires; why development margins are compressed in Toronto; and how Francis popularized the co-op in New York. 

Francis is also the author of [_Risk Game: Self Portrait of an Entrepreneur_](https://francisgreenburger.com/). So if you like the podcast – which is a great listen – there’s also a book for you. [Click here](https://www.bloomberg.com/news/audio/2018-12-28/francis-greenburger-discusses-real-estate-development-podcast) for the podcast.

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*Originally published on [Brandon Donnelly](https://paragraph.com/@brandondonnelly/risk-game)*