David Adelman

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@david_adelman

@Campusapts CEO, @fsinvestments founder, @darcocapital ,@sixers, @njdevils, @cpfc

Philly Proud campusapartments.com Joined January 2010

1.2K Following 4.5K Followers 1.3K Posts

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David Adelman @david_adelman Sep 18, 2025

When I started Darco Capital, the mission was simple: back great founders with big ideas.

I’ve always believed the best companies start with the best people. Their energy inspires me, their ideas push me to think differently, and I try to share lessons from my own wins and mistakes along the way.

Fast forward to today: Darco has invested in 90+ companies across a wide range of verticals, including deep tech companies at the forefront of climate technology, robotics, advanced manufacturing, synthetic biotechnology, consumer brands, sports, and food & beverage. Each one is building something meaningful, proving that you can do good and build great businesses at the same time.

Couldn’t be prouder of the people we’ve partnered with and what they’re building.

And we're just getting started...

1:53

David Adelman @david_adelman Oct 31

We shall see 💪

@jason Verified account @Jason Oct 31

Congrats to @david_adelman on creating an amazing lineup for the @sixers — that the Knicks will beat in five games this post-season

Much improved!
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David Adelman @david_adelman Sep 8

Today is a major day for the city of Philadelphia.

We’re unveiling the first renderings of our proposed new arena, the future home of the @sixers, @NHLFlyers and Philadelphia’s @WNBA team, on the historic site of the former Spectrum grounds in South Philly.

Fans will have the opportunity to engage both inside and outside the space, enjoying sporting events, concerts, and community events throughout the year.

Building something of this scale takes a village. I’m honored to serve as Chairman of this joint venture and thrilled to collaborate with my longtime partners Josh Harris and David Blitzer, HBSE CEO Tad Brown, and our partners at @comcast and the Flyers, Brian Roberts and Dan Hilferty. Together, with global design firm @Populous and nationally acclaimed architect Moody Nolan, we’re working to create one of the most technologically advanced venues in the country, delivering a world class experience while generating hundreds of millions of dollars in tax revenue for the city of Philadelphia and its School District.

We also want to thank the Philadelphians who have shared their feedback and helped us come together to create something groundbreaking for our city, our players, and our passionate fans. Those insights have helped shape this vision, and that dialogue will continue through surveys, focus groups, community engagement, and public review throughout the design and approval process.

We look forward to welcoming you to this arena, a destination where memories are made, championships are celebrated, and the community comes together. Let’s go!

thephillyarena.com

David Adelman @david_adelman Sep 8

LFG Philly!

Shams Charania Verified account @ShamsCharania Sep 8

The NBA's Philadelphia 76ers and NHL's Philadelphia Flyers have released the first images of their new South Philly arena scheduled to open in 2030 on the grounds of old Spectrum.

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David Adelman @david_adelman Aug 25

Had a great time !

Codie Sanchez Verified account @Codie_Sanchez Aug 24

I sat down with David Adelman, co-owner of the Philadelphia 76ers and CEO of Campus Apartments ($2B net worth, invested in 90+ companies) and asked him: if he had to start over with nothing today, where would he go looking for his first million and his next $100 million:

5 things that stood out:

1. He judges every business by what he calls the "back of house" - the parts customers never see. At his own properties he skips the lobby and checks the fire escapes and the maintenance shop. In the home service companies he owns, he says he can predict which crews will hit their numbers just by opening the doors of their vans. If the parts nobody's grading are clean and organized, the rest of the business usually is too.

2. He kept coming back to HVAC and electrical companies. The US is short 2 million electricians, and they're already making close to $200,000 a year. Most of the owners running these businesses are pushing 70 with no kids willing to take over, meaning the entire industry is sitting there waiting for someone to show up and take it. He sees this as today's most underexploited asset class, the same way campus housing was decades ago.

3. His filter for people is whether he can trust them to deliver. He says you can't do a deal with someone dishonest and expect that to change once you're partners. But he also told a story on himself: at 24, he walked away from a good deal purely because the seller was rude and condescending, not because the guy was untrustworthy. He lost the property to someone else, and his own partner called him out for it. Being an asshole and being untrustworthy are two different problems, and only one of them should be the reason you kill a deal.

4. Before he backs anyone, he asks himself this question: if this deal fails, would I do a second deal with this same person? He's backed several founders two or three times after a loss, because the failure came down to timing, not character. He'd also rather fund someone who's an 8 in intelligence with a 10 in work ethic than the reverse.

5. He runs the same test on people already working for him. His rule: bad news doesn't get better with time. He wants managers who lead with what's going wrong before what's going right, and it bothers him whenever he loses a customer, a tenant, a season ticket holder, without knowing exactly why beforehand.

Thank you @david_adelman for coming on the pod. Didn't even get through half my questions, so be ready for part two.

Full episode is up on youtube. Search "BigDeal pod" to watch.

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