Blu Homes [Level 4]

Entrepreneur Background

Bill Haney

  • Holds patents in multiple technology fields
  • Invented a coal scrubber that made in him independently wealthy and is now an investor in the environmental and technology spaces
  • Harvard University (1984); Fellow at Harvard's Kennedy School of Government in Energy and Natural Resources
  • Approximately 55 years old
  • Owner/Director/Producer at Uncommon Productions
  • Founder/Chairman at nonprofit, World Connect

Maura McCarthy

  • An environmentalist with a background as a financial analyst
  • Investor in consumer goods and tech companies
  • Georgetown University (2001); The London School of Economics and Political Science

Innovation Background:

  • Leading provider of premium, steel-enforced, prefab homes in California
  • Proprietary information technology enables customers to create their home design online in 3-D, and receive a clear, full project price
  • Proprietary building technology allow homes to withstand extreme seismic and wind conditions
  • Utilizing foundation system that will lower overall costs by $40,000 to 50,000 (more on sloped lots)
  • Homes range from $235,000 to $1,855,000

Current Success

  • Around 100 employees (also has a Board of Directors and Board of Advisors)
  • Privately held (revenue details unavailable)
  • Build around 20-30 "mods" per year
  • Success in high-end space, "aging in place" homes; tear downs; looking to expand into more affordable designs

Relevance to Construction Industry:

  • Labor issues will continue to drive opportunity for prefab construction
  • “We looked at the history of home building and came to one clear was time for a radical change.” - Bill Haney