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TechStars Enters the Real Estate Accelerator Picture with Partnership with Colliers

by Drew Meyers on 10:10 pm January 21, 2018

I’ve written about real estate accelerators before, and even questioned how many of them the industry can support. The real estate accelerator space got a tad more crowded last week. The clear leader in accelerators, Techstars, is partnering with Colliers to launch the Colliers PropTech Accelerator Powered by Techstars. My biggest questions: “Proptech” is a massively broad category encompassing residential sales, rentals, commercial, smart home, and mortgage (among others). How do applicants/portfolio companies play out between commercial (where Colliers can help the most) and the rest of the industry? What strategic distribution … Read More »

MetaProp’s New Bridge Program

by Drew Meyers on 3:00 pm December 13, 2017

MetaProp announced their MetaProp Bridge at Columbia University. It’s an acceleration program for PropTech startups. This new 20-week global acceleration program connects up to 6 select PropTech startups from across Europe, the Middle East and Africa to award-winning investors, experienced mentors and diverse real estate, technology and institutional partners in North America. They aim to be the “bridge” between proptech companies around the globe, and the US real estate market. Program Benefits: Up to $250,000 investment from MetaProp and partners as well as other corporate perks Intensive enterprise … Read More »

CityBldr Raises $2.9 Million of a $3.4 million Round

by Drew Meyers on 3:37 pm December 12, 2017

You may have seen the news last week that CityBldr “has raised $2.9 million of a $3.4 million round” (via GeekWire). CityBldr “brokers” land. If you think about both helping individual home owners realize the potential value to be had by selling to developers (with their neighbors) as well as better optimizing commercial properties — that’s a very, very large opportunity requiring some specific technical/AI expertise, which CityBldr has (and continuing to invest in). With the new funding, they are going to expand into California and hire more … Read More »

Why Haven’t You Started a Real Estate Startup?

by Drew Meyers on 8:30 am November 28, 2017

An entrepreneur I spoke to in Colombia a few weeks ago asked me a question I’ve heard a few other times over the years. Given your experience and connections in real estate, why haven’t you done a real estate startup? Valid question for sure. If I had to boil it down, I’d say there’s only so much time in the day — and startups are a hugely time consuming endeavor. I’ve had my hands full the last few years with Oh Hey World and Horizon. On … Read More »

Closer and Closer to the Transaction

by Drew Meyers on 10:00 am November 16, 2017

Simon Baker shared some of this thoughts on the future of online real estate at the Property Portal Watch conference (video link). Particularly for the startup founders reading, it’s worth a listen/watch.  

VC Money is Not the End-All, Be-All of Building a Company

by Drew Meyers on 9:00 am November 9, 2017

One of the podcasts I listen to regularly is Acquired.fm (iTunes here). Their most recent episode was on Atlassian’s IPO. (note Acquired covered the Zillow-Trulia deal last year). The company is valued at over $12 billion. They’ve never raised VC money. Let that set in. A public company with a valuation of $12 billion, printing cash. Without raising any VC money. Atlassian’s two most well known products are Jira and Confluence. I’ll wager a guess there’s virtually zero product managers or developers with more than 5 … Read More »

Wired Score Funding and Podcast (and a Few Thoughts)

by Drew Meyers on 11:40 am October 26, 2017

I listened to the Fifth Wall podcast with WiredScore founder Arie Barendrecht yesterday morning on my walk to Impact Hub. It’s worth a listen, particularly to those interested in commercial real estate tech. I hadn’t heard of Wired Score before, which is a little surprising but they do operate on the commercial side of the massive industry we play in (which is not my specialty). The core model is a certification for landlords to “understand, improve, and promote their buildings’ digital infrastructure.” There is certainly clear value to connectivity … Read More »

Generating Awareness for Upcoming Real Estate Product Launches

by Drew Meyers on 9:30 am October 24, 2017

Those of you who frequent Product Hunt may have seen their “upcoming products” section… The product enables “makers” to create landing pages for unlaunched products, and those interested in their value proposition can “subscribe” to be notified when the product is ready. My question for the founders (building new products), is whether you’d find value in a real estate specific version of upcoming products? For agents and brokers: would you have any interest in a simple way to be notified when products (you’ve opted in to) … Read More »

Winners from mipim Proptech Summit & Global PropTech Awards Awards

by Drew Meyers on 5:58 pm October 11, 2017

The winners are in…. The three startups from the mipim proptech startup competition today to advance to the final pitch round are: PlanRadar RealAtom Acasa The winners of the Global PropTech Awards are… Top Founder Award Ragnar Lifthrasir, velox.RE Top Technology Award Carmera Top Executive Award Nick Romito, Founder and CEO, VTS Top Innovator Award LEVERTON Top Association Award Royal Institution of Chartered Surveyors (RICS) Top Investor Award Zach Aarons, Millennium Partners & MetaProp NYC I’m off for tonight, but will write some more thoughts / … Read More »

Finalists for 2017 Global PropTech Awards

by Drew Meyers on 7:40 am October 8, 2017

The finalists were announced…congrats to all those that made the list. Top Founder Award Ragnar Lifthrasir, velox.RE Mike Sroka, Dealpath Andrew Flachner, RealScout Ryan Williams, Cadre Francesca Loftus, hOM Top Technology Award Bowery Valuation Envelope City Carmera Appear Here Lotik Top Executive Award Nick Romito, Founder and CEO, VTS Steve Jacobs, Senior Managing Director, Ten-X Commercial Maggie Burns, VP of Real Estate, Breather Magnus Svantegard, Head of Product Management, Datscha Elizabeth Dukes, Partner, iOFFICE Top Innovator Award LEVERTON VTS Datscha Thornton Tomasetti Ten-X Commercial Top … Read More »

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