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Lee Hoffman

Co-Founder & President at Runwise - Helping make 6,000+ buildings cut energy costs, carbon output, and hassles. Formerly Co-Founder & CEO at Veri / Memoir (Acquired 2017, The Knot)

Lee Hoffman is the Co-Founder and President of Runwise, a leading smart building control platform in the United States. He is based in New York and has been instrumental in shaping Runwise's mission to optimize heating systems in buildings, reducing energy costs and carbon emissions. Under his leadership, Runwise has expanded to manage over 6,000 buildings nationwide, providing significant environmental benefits and cost savings to property owners and managers.

Background and Experience

  • Education: Hoffman holds a B.A. in Computer Science and Economics from Brown University, graduating between 1999 and 2004.1
  • Professional Experience:
    • Runwise: Co-Founder & President since January 2011. He has played a crucial role in developing Runwise's innovative wireless control and sensor network technology.1
    • Veri / Memoir: Co-Founder & CEO from June 2012 to September 2017, before it was acquired by The Knot.1
    • The Knot Worldwide: Senior Director of Engineering for five months in 2017.1
    • Terabolic: Co-Founder from 2001 to 2004.1
    • Razorfish Studios: Director of Technology & E-Commerce in 2000-2001.1

Achievements and Impact

  • Runwise's Success: Under Hoffman's leadership, Runwise has achieved significant milestones, including reducing heating costs and carbon output by an average of 21% in buildings it manages.1
  • Funding and Expansion: Runwise secured a substantial $19M Series A investment in 2022, further expanding its operations and impact.
  • Industry Insights: Hoffman actively participates in discussions about building efficiency and compliance with regulations like New York City's Local Law 97, emphasizing the importance of technology in achieving sustainability goals.3

LinkedIn and Public Presence

  • Hoffman is active on LinkedIn, where he shares insights on energy efficiency and building management, often sparking discussions on critical environmental issues.24 His LinkedIn username is leemhoffman.

Highlights

Jan 1 · builtinnyc.com
Runwise NYC Office: Careers, Perks + Culture
Lee Hoffman - Commercial Observer
Lee Hoffman - Commercial Observer
Oct 23 · twitter

Earlier today, I posted about energy waste in old buildings

I received an insightful comment from Adam, a mechanical engineer in an NYC co-op.

Here's what he said about old buildings, and why so much energy is wasted keeping buildings with manual controls warm:

"I’m the guy that climbs down those stairs and has the key to the heat timer -

It took we awhile to have a slight understanding of how buildings retain heat and comfort - what I learned it’s better to inject more heat per hour than to let the temperature drop too much -

But I got a 30 percent reduction in our fuel oil budget

When I first moved in - the heat timer had all kinds of pins - to shut the boiler off during the day - freezing - after removing them more heat into building way lower fuel oil bills - counterintuitive

And I’ve learned comfort is not always based on a space sensor reading indoor temperature !"

Oct 21 · twitter

The Silent Killer that’s making the Climate Crisis worse:

I’ve spoken with building owners who used 200% more gas than the nearly identical building next door.

Their response when I ask why they use so much more energy:

“We do?”

The truth is, most building owners and managers are in the dark about their energy usage.

And it’s not their fault - most buildings, especially in older cities like NYC and Boston, have antiquated systems. Someone has to climb down into a dark cellar to adjust the boiler.

Maybe a building can have a real person check their systems once or twice a day, but that does little to save excess energy.

Maybe a random tenant on the 19th floor has their window wide open and is letting all the heat out on a 20 degree day. Facility management would have no idea, and a building’s systems would keep pumping out more heat than is needed.

This is one of the silent causes of the Climate Crisis that few pay attention to.

In NYC, buildings produce twice as much carbon emissions as cars. We’d be better served to focus on making buildings more efficient, but buses and taxis draw most of the focus from city leaders.

Sep 16 · mcj.vc
Startup Series: Runwise - MCJ Collective
Mar 1 · runwise.com
Live event: navigating the new changes in local law 97 - Runwise
Jan 1 · runwise.com
Runwise FAQs
Nov 3 · Business Wire
Runwise Raises $19M in Series A funding Led by Fifth Wall - Business Wire
Runwise Raises $19M in Series A funding Led by Fifth Wall - Business Wire
Nov 3 · Business Wire
Runwise Raises $19M in Series A funding Led by Fifth Wall - Business Wire
Runwise Raises $19M in Series A funding Led by Fifth Wall - Business Wire
Mar 25 · youtube.com
How Smarter Buildings Fight Climate Change (with Runwise ...
How Smarter Buildings Fight Climate Change (with Runwise ...

Related Questions

What inspired Lee Hoffman to start Runwise?
How has Runwise's technology evolved since its inception?
What are some notable achievements of Runwise under Lee Hoffman's leadership?
How does Runwise's platform compare to other smart building solutions?
What challenges has Lee Hoffman faced in his entrepreneurial journey?
Lee Hoffman
Lee Hoffman, photo 1
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Location

New York, New York, United States