Avsnitt
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What sort of building inspections are required in Europe before a building is taken down? As someone new to tech startups, what were the lessons learned from building the Airbnb for boat holidays from the ground up? What did participating in Antler's startup accelerator program lead to for Ieva? How does circularity in construction prolong the life of a material and prevent it from entering a dump? What are the factors driving the recent surge in interest in circular construction? How is Material Mapper leveraging big data to bring forecasting capabilities to circular construction? Why have traditional construction reuse marketplaces failed to scale in Europe? Why have construction material producers emerged as the first large scale adopters of Material Mapper? How are municipalities leveraging the Material Mapper platform? What new European regulations are being introduced which will drive future opportunities for Material Mapper? Why is Dubai running out of sand needed for new construction and where is it now importing it from?
Ieva Sibilla Strupule - CEO and co-founder of Material Mapper, joins Proptech Espresso to answer these questions and discuss how her mom's background in architectural investigation coupled with her childhood spent conducting treasure hunts while inspecting historical buildings led to a deep appreciation for the built environment and a desire to preserve the materials used to construct it.
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Why is there no user manual to run your house? Are the critical thinking skills you learn as an English literature major valuable in your work and personal life? How did Katie never study in college and become an auditory learner? What about the auditory learning skill set that Katie picked up in college lead to a career in tech? How did a summer job in Manhattan between high school and college lead to an interest in business? Why was developing a streamlined implementation process for a hospital back office software company so critical for sales success? How did promotions from customer sales lead to company executive leadership with golden handcuffs? Why are key man life insurance policies so essential for businesses to have in place for CEOs? How did a home ownership maintenance nightmare on her first property lead Katie to found and build Yarlow? Why is digital storage for home-related items and expenses so important for homeowners? What classic first-time entrepreneur mistake did Katie make when building the initial MVP for Yarlow? How is the trend of PE firms buying up home service profession businesses impacting the service upsell of unneeded services? Where is Yarlow integrating AI into the platform? How is regional customization important for homeowner maintenance and recommendations? Why was it important for Katie that Yarlow be a free app for homeowners?
Katie Shahan - CEO and founder of Yarlow, joins Proptech Espresso to answer these questions and discuss how a group of college classmates who she did not know convinced her she needed to become an English Lit major.
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Saknas det avsnitt?
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Has proptech over the last decade or so become largely an attempt by entrepreneurs to throw process optimization software at real estate operations? What are micro-apartments and why did this approach of better space utilization largely fail to take hold within the built world? Why haven't innovations such as moving walls and transforming furniture become mainstream components in multi-family living and residential housing? What is data driven architecture? Why are we designing and building homes that do not match how households are utilizing them in everyday living? How has poor home design led to the urban sprawl dilemma we are currently faced with? How did coliving emerge from the micro-apartment movement and what were the forces that drove this evolution? Why did the shared living properties that historically existed in San Francisco largely disappear? Why did the venture debt that was pumped into the coliving space ultimately doom this model from achieving long-term success? Why has PadSplit been the one bright spot to emerge in the tech driven coliving space? How are housing and mental health directly related?
David Friedlander - co-founder and CEO of Urban Machine, joins Proptech Espresso to answer these questions and discuss how the housing needs of current generations are not being reflected in the homes being built and are instead driven by the returns of the capital providers.
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Did Bryan coin the term IoT? Does a built world vendor ecosystem framework of Design, Finance, Build, and Use cover all categories? Why do proptech startups take a while to validate and establish? How has Autodesk become so integrated in today's built environment projects? What led Autodesk to invest heavily in construction tech? Why is there almost no payroll in the residential homebuilding industry outside of public homebuilders? Why is timely payment so important for homebuilding GCs? Is there a difference between hard money lenders and private lenders? What is a draw in construction lending? Why is commercial software so much of a greenfield frontier in private lending? How come almost every technology startup pivots from its original idea? Why are robust mobile apps that take advantage of phone hardware so difficult to maintain? What are the benefits to construction finance startup employees personally experiencing a construction job site?
Bryan Kester - co-founder and CEO of Sitewire, joins Proptech Espresso to answer these questions and discuss how a collection of family member real estate experiences growing up created a likely pathway to a career in the built world.
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Did Mark Andreessen's famous essay about software eating the world lead to the term Proptech being coined? How did having family members who were real estate investors, developers, and property tax collectors establish a deep foundation of real estate understanding for a young Joseph? What allowed Jospeh's grandfather, an immigrant hairdresser, to become a land baron in the northeast? Why are the off-the-shelf assessment models used by tax districts inherently flawed? What early entrepreneurial hustles did Joseph dabble in growing up and why was it important to ensure these ventures paid for themselves? Why did Joseph forgo a role at Nvidia to continue his PhD track at UCLA? Do overassessment protests result in cities and municipalities getting less tax revenue necessary to balance annual budgets? What does the property tax appeal process look like and why are there opportunities to digitize and scale this? What were Ownwell's initial quick wins from a technology perspective? How do differences around local tax districts impact the information mined and presented to Ownwell's in-house tax protestors? How are the needs of individual homeowners different from those of large commercial real estate portfolio owners around property tax savings?
Joseph Noor - co-founder and CTO of Ownwell, joins Proptech Espresso to answer these questions and discuss how a chance encounter at a UCLA startup pitch competition brought about the convergence of his computer science studies and family heritage in real estate resulting in the launch of Ownwell.
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When understanding the definition of proptech, why does it make sense to look at who the definition is serving? How did a mechanical engineering student make their way to the Boston tech startup scene? What was it like building a social networking company during the pre-Facebook days? Why was Boston the wrong place to try to raise capital for a consumer technology startup in the early 2000s? What was the difference between Amazon and most other e-commerce companies during the post dot-com days? Why were the capital markets so apprehensive about initially participating in a shared equity product? How long did it take Point to get an agreed upon rating methodology for the shared equity product? When did Point issue its first investment securitization? How does the efficiency of the mortgage market today make it difficult to disrupt debt coupon products? How much in origination should the HEI product be doing annually?
Eoin Matthews - Chief Business Officer and co-founder of Point, joins Proptech Espresso to answer these questions and share how helping a friend with the down payment on their first house and unexpectedly getting their money back led to the conviction that there was an incredible opportunity for a shared equity product to help homeowners.
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Does exposure to family entrepreneurship at an early age impact the likelihood of pursuing a startup later in life How extensively is fractional ownership touching the different real estate asset classes? Why is it important to get experience receiving a lot of "NO's" when pursuing a startup idea? Why is it important to find a champion when introducing a new product to a corporation? How did helping stand up the Payroll Protection Program (PPP) during COVID at Capital One prove to be an invaluable work experience? What about the mortgage industry value chain makes it difficult to create products that c reates pathways to more affordable homeownership? What is novel about the equity vs traditional debt structure that Quarter is championing as an instrument for homeownership? Why did Quarter feel it was important to go with a pari passu fee model? How has a focus on compliance shaped the product development timeline for Quarter? Why is education so important for a new home ownership instrument like Quarter?
Shannon Diesch - CEO and co-founder of Quarter, joins Proptech Espresso to answer these questions and share how participating in a high school food science challenge led to an opportunity to collaborate with NASA and its astronauts.
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How did an Environmental Sciences degree lead to a career in sustainability? How did attending DesignX at MIT sow the seeds for TULU? Why did Yael become a minimalist? Where did the name TULU originate? Why did TULU believe fast experimentation was extremely important when building an MVP? What did TULU learn early on about customer preferences and did the usage data bear this out? How is the TULU app helping it become a data driven company? Why are brands and retailers partnering with TULU and how was this strategy envisioned from the very beginning? How many different ways does TULU incorporate surveying into its platform? What surprising usage/consumption patterns have emerged with TULU? How is TULU supporting creators and work from home employees?
Yael Shemer - Chief Customer Officer and co-founder of TULU, joins Proptech Espresso to answer these questions and share how her education in environmental science and sustainability initially led to a feeling of slight depression about the state of the world, but that she was able to change this perspective and identifying ways in which she could make a positive change on the environment.
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What was it like to be involved with the European proptech scene as it started to gain momentum and formalize into a tech space? How did a Latvian trait of resourcefulness continually re-enforced by his grandfather inspire Mikus to provide real estate agents with tools to help them create visualizations themselves? Why did the first wave of VR tools and solutions lead to bespoke and niche visualization projects for high-end real estate? When brainstorming ideas for his next company, what drove Mikus to want to build a subscription business that is applicable during the entire lifecycle of the customer? Why do SaaS businesses allow companies to justify spending resources/investment on customer satisfaction while project based businesses do not? What makes smartphones an inferior product to capture real estate scans? How will real estate digital content requirements continue to grow over the long term? Why are quality real estate images hard to capture? Why are real estate agents interested in creating and controlling the real estate visualization content they create?
Mikus Opelts - CEO and co-founder of Giraffe360, joins Proptech Espresso to answer these questions and share how attending art school inspired him to pursue visual information and storytelling that naturally led to the creation of his first startup and set off a career in real estate visualization.
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How did an investigation into 3D printing houses spark an interest in real estate? On ICON's first marketing flyers, what price did they believe they would be able to sell their 3D printed homes for? Why does Germany build denser housing than the US? Why are there so few books on real estate development? What makes local city real estate decisions so difficult to identify and analyze? How does the age/maturity of a city influence the types of real estate decisions being made? What unintentional action created a lot of interest in ReZone's launch? How many real estate decisions are being made at the city level weekly? Why are researchers so interested in the data that ReZone is producing? How are advancements in AI making ReZone's analysis possible today?
Daniel Heller - CEO and co-founder of ReZone, joins Proptech Espresso to answer these questions and share how starting a business with friends during high school was such a positive entrepreneurial experience that it continues to be revisited amongst them to this day.
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How did an early career in consulting shape an understanding of the need to deliver both on time and at the highest level of quality? Why is it important for entrepreneurs to be able to step into the shoes of their customers every single day? What are some of the challenges of long-term business planning that the quarterly reporting cycle for public companies creates? How does investing in real estate provide more predictability on outcomes vs other alternative investment markets? Why is communication challenging for condos and HOA boards? How has email contributed to the challenges of task management? Why is UI becoming less of a focus in the age of AI? How do you break down the walled gardens of property management to unlock data insights? What are the opportunities for sentiment analysis around communication for property management?
Lindsay Liu - co-founder and CEO of Super joins Proptech Espresso to answer these questions and share how her college roommate friendship built the trust that was necessary for a successful startup co-founder partnership.
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Does construction tech end once occupancy of a building happens? Why is it important to be able to professionally reinvent yourself? What was the draw to the clean tech space after spending time in the aerospace industry? Why has construction insurance costs ballooned? What can GCs do to mitigate risk and thereby help keep insurance costs in check? Why has water become such a larger driver of construction related insurance costs? What have been the drivers of IoT device adoption on the construction site? How is technology adoption on construction sites different from the rates that you see in other industries? Why is technology adoption becoming a competitive advantage for many early adopters of technology within construction? Why is the data from the interconnected job site so valuable for construction companies? Why is the outlook for construction so bright?
Alex Fuentes - EVP Strategic Growth at Brickeye, joins Proptech Espresso to answer these questions and share the unique coop program of the University of Waterloo engineering department that exposed him to a wide variety of industries including power generation, consumer electronics, manufacturing and aerospace to name a few.
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What was it like growing up as part of a multi-generational family construction business? How did being immersed in the family construction business provide unique benefits while working on Bryce's master degree in college? Why were the inefficiencies that Bryce observed in the asphalt industry such a professional draw for him? How do you change the image of the construction industry as being unsexy, consisting of long hours, and lots of callouses? Why has the adoption of technology accelerated in the last couple of years? How did Bryce become a simultaneous serial construction entrepreneur? Why did Bryce decide to exit his other businesses and focus on his software startup? What sort of compliance issues are part of infrastructure construction projects? How does weather impact infrastructure construction projects? What unique part of Pavewise's sales process has resulted in a 100% prospect conversion rate? Why have word-of-mouth referrals been such a strong source of sales leads for Pavewise? How has Pavewise integrated AI into its solution?
Bryce Wuori - co-founder and CEO of Pavewise, joins Proptech Espresso to answer these questions and discuss how participating in research projects across his 20-year career in asphalt has given him unique expertise, making him one of the few recognized asphalt scientists in the U.S.
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Is robotics the ultimate tool for giving humans superpower capabilities? Why are snake robots Kevin's nemesis? What prompted Kevin to learn to code? Why is it transformational to bring robots out of the lab/factory and into everyday human environments? How did a summer job in construction provide the basis for focusing on bringing robotics into the built world? What robotic research project with the US military inspired the movie Big Hero 6? Why did the idea of soft robots ultimately not prove to be a good basis for robots in the real world? What is it about surface paint prepping that makes this task so difficult and at the same time such a big opportunity? How did speaking with hotel owners about renovations lead to the concept for Canvas? What are the staggering rates of long-term medical issues construction workers experience due to either accidents or repetitive motion jobs? Why have robots in construction historically not been developed for use in the interiors of buildings? What is the meaning behind the company name Canvas? How are Canvas robots helping to bring drywall workers into the construction industry? What are the constraints that construction robots have to deal with that manufacturing robots do not? Why do construction tech startups need to fully understand the economics of the skilled trades they are impacting when exploring a new technology to bring to market? What causes construction to be such a distributed system? Why is achieving commercial reliability so important for construction robotic companies? What do robotic construction tech companies need to understand about hardware production cycles?
Kevin Albert - Founder & CEO of Canvas joins Proptech Espresso to answer these questions and discusses how a frustrating second place finish in a high school bridge building competition left him with a chip on his shoulder and fueled a career in wanting to design and build things.
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Why is there so much bespoke design happening with real estate development projects? What is meant by design productization? Why have some companies championed vertically integrated construction? What was Katerra's business model and secret sauce? Why is innovating in construction tech so difficult? What are the challenges for VCs when considering non-software investments in construction tech? Why is the construction industry facing major challenges when manufacturers are investing in industrialized construction and developers/contractors want to do more prefab work? How is the labor crisis impacting the construction industry? Why is the transition to offsite construction critical in a shrinking labor pool environment? When evaluating the space, how are construction robots commonly segmented? Why is changing the established behavior of architects as it relates to building design and construction tech so challenging? What is a coordinated construction model? Why is the logistics related to offsite construction so tricky?
Justin Schwaiger - General Manager US at Kope, joins Proptech Espresso to answer these questions and discuss how observing the effects of earthquakes locally and internationally in his youth was a major factor in steering him into a career where he could impact and improve the built environment.
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Why can long tenures in industries stifle innovation? How did John and his wife end up in Mountain View, California? What were some of the memorable dates that John took his wife on? Why was it beneficial to write business plans on any idea that John researched? What prompted the research and launching of Sara Schools Music Program? Why was the concept of leasehold improvements so frustrating to John? What lessons and struggles came with running a service business? What divine inspiration did John receive while processing his frustrations with the commercial leasing process? What types of research was John doing to form the education foundation necessary to build the wall system he was told to create? How did the initial funds become available to start prototyping the wall system? Why is it important to bring low or no-skill workers into construction? What is meant by the category 'Productization of Construction'? How can construction benefit by focusing on circularity and sustainability? How is Låda Cube integrating with design solutions like Revit to introduce wall standardization into digital wall plans? What are the three (3) R's that Låda Cube allows for? How did a dream about Tesla become so significant for John's Låds Cube journey?
John Fay - Founder & CEO of Låda Cube joins Proptech Espresso to answer these questions and discusses how his curiosity about his entrepreneurial bug led him to explore alongside his wife many potential business ideas before being told to pursue the opportunity that would become Låda Cube.
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Which emerging trend caused Skye not to pursue a degree in architecture? What was it like building a startup within Oracle? How did personal experience draw Skye into the proptech space? What realization around purchasing a home was the inspiration for starting Crib Equity? Why are third-party investors interested in helping unknown individuals purchase a home? What are the systemic structural issues that first-time homebuyers are faced with today? Why are homebuyers no longer putting 20% down and what was this average down payment % changed to? Who is a nepo-buyer? Nationally, how long is it taking a prospective homebuyer to save for a 10% down payment? How are real estate agents providing a greater degree of financial advice to home buyers today? What does the landscape of alternative home purchase options look like?
Skye Laudari - Co-founder & CEO of Crib Equity joins Proptech Espresso to answer these questions and discuss how traveling internationally for two years immediately after graduating from college was transformational and helped develop personal and professional life skills that can take most people decades to learn.
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Despite many advances in proptech, has it also regressed in certain senses? Why has the technology adoption chasm been so big to cross in proptech? Can proptech solutions hope to introduce change management to companies that still solely rely on Excel to run their business? Why did Kyle see technology as an advantage over his potential commercial real estate broker colleagues? What has it been like launching a technology startup with no prior background in technology? What is an asset operating platform? For asset managers how does saving time result in improved NOI? Why is early customer feedback so critical for designing a successful and scalable solution? Are we seeing the era of brokerage consolidation in the commercial broker space? Is there an issue with having real estate LPs in proptech VCs sway portfolio company roadmaps to benefit themselves instead of designing solutions for the broader market? How does the HBO show Silicon Valley accurately portray start-up life? Why is figuring out a business more than simply bringing a product to market? How is AI going to positively impact the commercial real estate space over the next couple of years?
Kyle Waldrep - Founder & CEO of Dottid joins Proptech Espresso to answer these questions and discuss how a major illness in college changed his priorities and closed the door on the professional tennis career path that he had always envisioned.
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Is the right way to think about proptech to frame it in terms of how humans live, work, and function in our communities? What is the proptech scene like in Romania? Why were real estate developers experiencing so many issues in their sales process and turning to tech solutions to solve these? What has led to Romania having such a high property ownership rate? Why are Romanian property valuations continuing to grow year over year? What impact is AI having on the real estate industry? Why was it important for the solution Vaunt was building to maintain the feeling of being proud that goes along with buying a property and in no way take away from it? Why have real estate agents historically not been a profession in Romania? What has the introduction of private creditors done to open up access to foreign buyers across Europe? How has word of mouth been instrumental in Vaunt's growth? What has allowed Vaunt to build a valuation index so buyers can appraise their properties on an ongoing basis? Why are foreign buyers purchasing investment homes across Europe? How is Vaunt planning to tap the US market?
Irina Constantin - Co-founder & CEO of Vaunt joins Proptech Espresso to answer these questions and discuss how internships were instrumental in exploring potential career paths and ultimately giving her the conviction to seek out an entrepreneurial opportunity where she knew she would not be bored.
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Why has proptech evolved from initially innovating and disrupting the four walls of a physical asset to now primarily encompassing secondary industries such as financing and servicing which are asset light? Does ESG fall under the big umbrella of proptech? What are the benefits of having job experience in an industry and getting the exposure necessary to be able to speak the language of an industry? How was the New York startup scene changed since the early 2010s? What are some of the most important skills learned working in management consulting? Why is culture and cultural fit so important in successful M&A transactions? Is Airbnb a proptech company? What are the challenges of choosing a vacational rental property that will be profitable? Why are most vacational rental properties not a passive investment? How has Summer expanded its product offering to vacational home buyers since its initial launch? Why do vacational rental property owners need better data?
Paul Kromidas - Founder & CEO of Summer joins Proptech Espresso to answer these questions and discuss why its important for proptech companies to develop relationships with the city officials that the company will be operating in.
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