You are here: GeekEstate Blog » Startups

Category Archives: Startups

The Reality — Startups Fail

by Drew Meyers on 12:35 pm June 9, 2017

The first true “product” I brought into the world — Oh Hey World — failed. That’s a bit hard to stomach. We contemplated and tried many, many pivots (such as a focus on relocation). Ultimately, the product didn’t solve an urgent or frequent problem for a large enough addressable market to grow and survive in the world. Thus, I had to kill my startup baby. I should have done it 18 months ago (18 months = $3600 out of my pocket). Since I’ve already written extensively about … Read More »

Reali, Yet Another Taking Aim at Commissions

by Drew Meyers on 12:00 pm May 14, 2017

Reali, which raised 2 million in 2016, is another startup taking center aim at commissions (that topic no one likes to talk about). Sellers, pay a low total commission and get more out of your investment when listing with Reali. Experience selling with Reali. Video overview: The challenge with models taking aim at commissions publicly is listings listed with such brokerages are at an instant disadvantage. Why? Because some/many buyers brokers (who have relationships with buyers) won’t pro-actively show their clients these properties — even if they … Read More »

The Fog is Very Real

by Drew Meyers on 9:30 am May 9, 2017

Founders, entrepreneurs — as well as agents/brokers — should all read Fred Wilson’s post about seeing through the fog. The fog is a big part of the obsession with shiny objects (there’s more than enough of them in this industry). If you don’t know where you’re going, you’re more likely than not to pay attention to every object that comes into view. You’re also more likely than not to spend excessive time engaging in activities which are not helping you reach your goals. If the … Read More »

Real Estate and Skunk Works Departments

by Seth Siegler on 12:10 pm April 18, 2017

I’ve been working within the fast-paced, risk-loving, fail-fast worlds of four different real estate industry startups for the the last 10+ years. I founded them all but three were bootstrapped and one was VC-backed. And while two of them went nowhere and two others resulted in exits, in all four, there existed common themes and paradigms that allowed us to get a huge amount of work done with a tiny team and budget. That’s nothing super novel though – all startups benefit from this type … Read More »

Meet the RE Tech Entrepreneur: Jack FitzGerald from Disrupt Property

by Drew Meyers on 9:06 am April 10, 2017

In our latest real estate tech entrepreneur interview, we’re speaking with Jack FitzGerald from Disrupt Property. Without further ado… What do you do? Disrupt Property is a global database of real estate tech start-ups organised according to asset class (residential, office and retail) and category. Start-ups are crowdsourced, then curated by a team in the real estate development industry. The site also includes research reports, resources and interviews with industry pioneers. What problem does your product/service solve? As developers, we are constantly thinking about the … Read More »

Revestor and Defensibility

by Drew Meyers on 10:48 am March 31, 2017

I came across an article titled This Real Estate Startup Is Exploiting Zillow And Airbnb’s Blind Spot on Forbes yesterday. It’s about Revestor. First, let’s get the obvious out of the way. The headline is misleading; they are not exploiting a blindspot. Revestor is a B2B play, targeted at real estate investors. Zillow and AirBnB are consumer brands. B2B and B2C are two very different beasts. The reality is Zillow could literally wipe Revestor’s business out in one day (they have all the data & better algorithms), though I’m … Read More »

Local Experts, Parkbench, and Escaping the Local News Graveyard

by Drew Meyers on 3:00 pm March 26, 2017

Rob Hahn got me thinking about the topic of local experts again. If you haven’t noticed by now, it’s a topic that I’ve been thinking about for a long time. Parkbench, the subject of a recent founder interview, is a neighborhood news platform helping real estate agents be the digital mayor of their neighborhood. They actually refer to it as a Local Leader Real Estate Marketing System (truthfully, I’m not exactly sure what that means). A bit more about their model: Real Estate is a relationship based business and … Read More »

More on HouseCanary

by Drew Meyers on 9:45 am March 24, 2017

I’m on record as being a skeptic on HouseCanary. I thought I’d share a video of a presentation by their CEO, Jeremy Sicklick: After watching the video — I’m still a skeptic. It seems home price indexes at the block level is their differentiator. My question — who cares about block level analysis? Some investors, sure — but consumers? I don’t think so. Hasn’t Zillow already done everything HouseCanary is doing? [via VendorAlley]

Branding in a World Where There is No Free Lunch

by Drew Meyers on 11:03 am March 20, 2017

Rich Barton (Zillow’s chairman) wrote an article every entrepreneur should read: The New Age of Marketing (Don Draper is making a comeback). The Don Draper mention is timely for me, given I’ve recently gotten addicted to Mad Men (which I’m sure many of you reading have already watched). Don Draper is the creative genius behind the ad agency Sterling Cooper and later at Sterling Cooper Draper Pryce. Eyes on brand, and capturing someone’s attention and imagination. That’s the name of the game. There’s no more free … Read More »

MetaProp NYC Demo: Enertiv

by Drew Meyers on 10:00 am March 3, 2017

For the commercial property managers/investors reading, you may be interested in watching Enertiv‘s MetaProp NYC demo day presentation. They monitor and report on energy usage in real time in the commercial, multifamily and industrial space. (for those receiving this via email, the video is here)

2008 - 2017 GEEK ESTATE · ALL RIGHTS RESERVED - THEME BY Virtual Results
Hosted by Caffeine Interactive