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Category Archives: Big Picture

Real Estate Brokerages/Franchises…and Innovation?

by Drew Meyers on 9:00 am January 11, 2017

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I read Patrick Sisson’s piece on Curbed, Can cities create innovation hubs that work for the entire economy? The future of cities is a topic that intrigues me, and believe innovation hubs are part of that (for some cities). Durham seems to be proving that. Innovation hubs are fundamentally about community. Those that succeed in real estate, are in the business of building community. Why aren’t brokerages / franchises investing in local innovation labs?

Shattered Glass Podcast – More Opendoor / Real Estate Analysis

by Drew Meyers on 2:21 pm December 27, 2016

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For those interested in further analysis of Opendoor and real estate tech, here’s a podcast I listened to you may be interested in. It’s right here (66 minutes).

A 2nd Viewpoint on Real Estate Innovation in 2017

by Drew Meyers on 12:55 pm December 22, 2016

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What am I thinking about as we go into 2017? What innovation are we going to see in the new year? I figured I’d write my own predications to follow Walter’s. Here we go… AI — I agree with Walter that AI is going to continue to be a point of innovation in 2017 (and beyond). I believe there is an opportunity to use AI to “predict” homes buyers would be interested in — without them even asking. That said, I hesitate to include AI … Read More »

Real Estate Innovation to Watch in 2017

by Walter Baum on 12:22 pm December 19, 2016

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For those who like a quick summary, keep your eye on these technologies in 2017: Virtual Reality Home Tours “Uber for” Real Estate A.I. Real Estate Search Looking back on 2016, it was quite a big year. I got married, got a puppy and joined an exciting new company. Oh, and several technologies quietly caught the attention of our industry as potential ways to change the game. I am thankful to have spent the better part of a decade connecting with some of the most … Read More »

Play Bigger, and Category Kings

by Drew Meyers on 7:20 pm December 16, 2016

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I started a new book this morning. Play Bigger (affiliate link). The book talks about category kings, and the fact that the king always captures 70-80% of value/revenue in a given category, 2nd place grabs enough to scrape by and remain viable — and everyone else fights for the scraps (and generally ceases to exist). Category kings don’t sell better. They sell different. There is one clear a category killer in online real estate. Zillow. (in fact, Rich Barton was mentioned in the book for his work … Read More »

Working on Hard Things

by Drew Meyers on 11:06 pm December 11, 2016

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I’m a big fan of Chamath Palihapitiya. Why? He’s incredibly smart, and doesn’t bullshit. Below is a recent discussion he had with Semil Shah (note I also shared a video of the two a year ago). If you watch/listen, you’ll quickly realize he’s a massive proponent of working on hard problems. He breaks companies into three buckets: Bits to atoms (Amazon, Tesla, Apple, etc) Sticky bits/marketplaces (Facebook, Slack, Salesforce, etc) Everything else There’s far too many entrepreneurs (and capital) focused on #3, and not nearly enough on … Read More »

The Broader Opportunity Related to Co-Buying

by Drew Meyers on 8:00 am December 7, 2016

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Some of you may have seen our feature on CoBuy. I had the chance to meet Matt and Pam the other day at Impact Hub, discuss their progress and business, as well as think further about the broader implications and trends of co-buying properties. I don’t think there is any question co-buying is going to increase. The economic reality of skyrocketing home prices (both sales and rentals) make that a certainty in expensive coastal markets such as Seattle (assuming, of course, home ownership remains part of the american … Read More »

Law Enforcement, Education, Real Estate — and Communities

by Drew Meyers on 10:08 pm November 29, 2016

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I read Greg Fischer’s latest blog post here, and it ended with a video you should all watch. It’s Nate Bowling (2016 Washington Teacher of the Year) talking about law enforcement, education, real estate — the three most critical forces building/shaping communities. Honestly, it’s long (40 minutes with Q&A) — but you really should watch, listen deeply, and think about what he’s saying. A couple of my own thoughts… Fact: there is a life lottery that exists in this world, and it’s as simple as where you’re … Read More »

The Risks of Partial Equity Home Ownership

by Drew Meyers on 11:41 am November 28, 2016

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It’s no secret I’m bullish on Point; it’s one of the few startups I’ve genuinely excited about. Partial equity home ownership will fundamentally change the way real estate has been done for decades by the majority of buyers/sellers. That said, there are certainly risks — both to consumers and the industry — as Jon Sterling has outlined: Risk to real estate agents If homeowners can get some liquidity without refinancing or selling their home, they may not need to sell as often (or ever). That would affect real estate … Read More »

A Continuation of the The Future of Cities Dialogue

by Drew Meyers on 9:47 pm October 26, 2016

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I brought up the Future of Cities topic back in July as a result of attending the Unlikely Allies summit in Seattle (at Impact Hub). I happened to speak to two people who work for Microsoft’s Civic Tech team today, and came across an announcement by YC’s New Cities initiative caught my attention yesterday, the fact that Ben Huh joined the team. (Ben is a well known entrepreneur from Seattle where I live). You should read Adora Cheung’s post in June here for some context on … Read More »

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