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Nominations Are Open for The Global PropTech Awards

by Drew Meyers on 9:45 am August 30, 2017

The Global PropTech Awards are coming up in New York in October. The first annual Global PropTech Awards
 recognize individuals, technologies and organizations that have gone above and beyond to positively impact next generation PropTech. Finalists will be announced October 1st and Award Winners will be presented at a ceremony during NYC Real Estate Tech Week 2017. Know a founder, innovator, association, technology/product, executive, or investor who deserves credit for their amazing work? Please nominate them using the links below… NYCRETW Top Founder Award NYCRETW Top Executive … Read More »

Distribution Options for Your Real Estate Startup in 2017?

by Drew Meyers on 9:30 am August 15, 2017

It’s safe to say virtually every single real estate technology product is plagued by distribution challenges in 2017. Some of you may have seen the news that Cloud CMA and Tom Ferry teamed up…see details here: Having the most prolific speaker in the industry promote your product is obviously no small feat, even for Cloud CMA. Unfortunately — not every startup has an industry vet with 25 years of experience & relationships (aka Greg Robertson) at their helm. In fact, virtually none of them do. For the normal … Read More »

A Few Companies Worth Looking at from Inman Connect

by Drew Meyers on 3:01 pm August 11, 2017

As mentioned, I’ve spent the last week in San Francisco at Hacker Connect & Inman Connect. It’s been a whirlwind of a week, and haven’t really been on a computer all week (which I’ve enjoyed). Before the weekend, I wanted to highlight a few of the companies I found compelling: CompCurve – competitive intelligence on agents and brokers sales productivity to compare yourself to the competition (and recruit agents who are doing well). First – Efficiently find listing leads from your existing relationships. They help you speak … Read More »

Entrepreneurs: Less than One Month to Apply to the 2017 MetaProp Accelerator

by Drew Meyers on 9:30 am July 26, 2017

Entrepreneurs: you’ve got less than one month to apply for MetaProp NYC’s 2017 class. Apply here (until August 15th). What are you waiting for?

Fifth Wall = The Next Real Estate Accelerator

by Drew Meyers on 9:30 am July 18, 2017

Fifth Wall, a VC firm based in LA that has raised over $200M, is entering real estate accelerator game (see TechCrunch). The program’s goal: Fifth Wall’s Accelerator Program is a 12-month program designed to help early-stage companies: (1) get introduced to real estate companies and potential customers, (2) leverage our team’s & our strategic LPs real estate expertise, and (3) position our Accelerator companies to raise a VC round within 6-12 months. It’s obvious real estate / property tech is a massive, massive vertical — especially if … Read More »

Truepad – Showcasing the “Best Valued Homes”

by Drew Meyers on 3:16 pm July 17, 2017

I spent some time looking at TruePad, a real estate portal only available in Chicago (Inman coverage here). “Find the best valued homes”. I like it. Unlike the majority of approaches I see (aka search for home in city X), that actually seems like a differentiated value proposition buyers will care about. I’ve long been a fan of using agent data in portals; the challenge is incentives. How do you incentivize agents to provide the data? Additional exposure, leads, or forced data collection/insights via a Redfin-like brokerage … Read More »

Horizon Needs Your Help

by Drew Meyers on 10:00 am July 5, 2017

Horizon is a way to discover friends and friends of friends in the cities you’re visiting. Beyond friends and friends of friends, Horizon uses communities such as college or fraternity / sorority alumni, former colleagues, and service communities like Returned Peace Corps Volunteers to connect people to find a place to stay, grab a coffee, or even simply, ask them for a restaurant recommendation. The following 3 minute video explains the product: One example of the power of connecting friends of friends in other cities, right here … Read More »

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 »

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