CloudWorks

Adventure Capital Inc.

What We Do

We focus on building value through real estate development projects in Yellowknife by raising capital from close friends and business associates and investing that money in projects that meet our investment criteria.  Usually involved in (re)development projects, CloudWorks tends to keep residual portions of projects in order to grow its portfolio, provide liquidity to projects and smooth out earnings.  As of mid-2017, CloudWorks has undertaken $10.7 million worth of real estate projects with $2.85 million in private equity.

Originally conceived to raise money both for businesses and for real estate, in our first two-and-a-half years of operations we financed a diverse group of businesses, including three real estate developments, an English language school in China and a stake in a local media company.

At the end of 2014, we decided to split operations formally between real estate and venture capital, with Rob and Sam leading the real estate operations (CloudWorks) and Paige Saunders taking on the venture projects (YEAH, Verge).

Both the Gamble and Warburton families keep the majority of their net worth invested in CloudWorks; we eat our own cooking as they say.  The result is a very investor-orientated approach to managing our projects and risks.

 

 

Rob Warburton - Managing Director

I originally found my way north through a thirst for adventure and a desire to explore the remote regions of Canada. As a professional expedition raft guide for the past ten years, I have had the opportunity to travel extensively throughout the North from coast to coast. With this travel I have gained an appreciation for the amazing experiences and opportunities the North has to offer. From guiding a raft across the Arctic Circle to hiking in the glaciated regions of Baffin Island, I see only more places I need to explore after every experience.   

The moment my wife and I bought our first investment property here in Yellowknife I immediately felt that excitement and passion that I’d been missing for so long in my professional career. I had discovered the beauty of adventure capital! Now I see nothing but possibilities and opportunity in our community. Yellowknife is an excellent location for real estate investments that show great returns when viewed through a best-use lens. It’s not a deep mystery or all that complicated. Using thorough research and due diligence it is possible to find projects that are unique, ethical and profitable. You just need to look at it in a different way.

Having made Yellowknife my home base for the past seven years, I look forward to my next adventure of growing CloudWorks’ real estate portfolio with profitable and interesting projects.

Sam Bio Photo.png

Sam Gamble - Managing Director

An avid follower of Warren Buffet and value investing, I (re)started university with an eye to entering the finance industry, eventually landing a summer internship in the derivative section of the Berkshire Hathaway-owned General Re.

Only months before my graduation, however, Warren Buffet decided to close the derivatives division, and my post-graduation plans went from Bay Street to Yellowknife, returning North to enter consulting. Business consulting included helping to evaluate real estate purchases. This, in turn, led to property management, asset management, commercial leasing, and sales along with a run in the 2008 federal election as the NWT’s Green Party candidate.

I applied the base principles of value investing and, in 2011, began investing in the real estate market by completing a residential condominium conversion in Yellowknife.

Following on the success of the conversion, and having worked together with Rob Warburton and Paige Saunders on a few projects, the three of us decided to formalize our partnership in 2012, co-founding CloudWorks – a small private equity firm focusing on interesting, ethical, local projects and businesses.

I have a B.Comm in Management Economics in Industry & Finance from the University of Guelph and am working on my MSc. in Real Estate Finance & Investment from the University of Reading.

I have also passed both the Alberta Real Estate Agent & Broker licencing programs.