Glen Park resident worried about venture capitalist's 'Zuckerberg-style neighborhood takeover'
By
Alix Martichoux, SFGATE
Updated 10:25 am, Thursday, April 13, 2017
Photo: Screenshot Via Google Maps
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Everson Street in the Glen Park neighborhood of San Francisco is the flashpoint of conflict between David Cowfer and two venture capitalists, one of whom has proposed developing a luxurious basketball court on
websitededicated to the cause.
On the website, Cowfer writes, "A Silicon Valley billionaire who lives at 2 Everson Street, at the end of the cul-de-sac, has purchased a second house, 43 Everson, four doors away on the very same street and plans to convert a six-bedroom family home into a one-bedroom party pad."
He goes on to explain the plans for 43 Everson Street reportedly include a gym, basketball court, locker room, sauna and more. One feature he's particularly concerned with: "a two-story, 40-foot wide glass roll-up garage door on the south wall facing all the homes below," which he says will be create a bright eyesore and privacy issues.
Cowfer writes, "Our ambitious neighbor is trying to turn the street into a private compound."
Curbedhas identified the "ambitious neighbor" as venture capitalist Keith Rabois, known for his investments in PayPal, LinkedIn and Square (to name a few). He is considered a member of the
PayPal Mafia, along with Peter Thiel and Elon Musk.
Cowfer fears Rabois' development plans are only the beginning. Benjamin Ling, a venture capitalist coworker of Rabois, already owns a multimillion dollar home on Everson Street and Cowfer thinks he may also be planning to expand, according to
BuzzFeed News. Cowfer told them a real estate agent called him on behalf of Ling to ask about purchasing his home.
"It's like a Zuckerberg-style neighborhood takeover!" Cowfer's lawyer Ryan Patterson told
BuzzFeed.
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