As financial impacts of COVID-19 continue to work their way through the global economy, we’re beginning to see separations in how different real estate incumbents are thinking about, and adopting, technology.
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In this post, we review a few of the many ways, PropTech, specifically, can help industry stakeholders optimize operations.
In the real estate world, anything that would require a person to be on-premise or require physical documents presents an opportunity for substitution.
In this post, we’ll discuss some of the businesses that have been positively impacted so far, and some that we believe are slated to see new growth opportunities as the world turns on its head.
In this post, we’ll discuss some of the businesses that have been positively impacted so far, and some that we believe are slated to see new growth opportunities as the world turns on its head.
The impact of a global pandemic is comprehensive in scale, and despite a government stimulus package, it looks like there is a long road ahead of us.
Real Estate is especially known to be a relationship-driven business
Venture-backed PropTech companies are driving commercial real estate into the digital age with strategies to build so many different products (hardware and software), services, and platforms...
...the PropTech space overall continues its evolution. According to CREtech, 2019 saw ~$30B+ invested in the PropTech space globally, keeping the annual trend of continuous record-breaking years of funding alive.
We live in a time where the product and software landscape is overwhelmingly saturated. For consumers, over-stimulation is very real - sorting through a sea of brands to find the ones that resonate, keep their promise, and continuously surprise and delight is almost a task in itself.
Reflecting on that experience, I noticed that there were things we did as a team that can now be augmented by technology. What was previously winning awards is now likely “table stakes” made possible by some of the technology and software solutions that are out there.
As 2019 comes to a close, it’s about that time for a slew of end-of-the-year summaries and trend reports. I quite enjoy them! So much so that I thought I’d write our own Nine Four Ventures version for the PropTech space.
Today, companies need to be creative with their business development practices...
We believe that maintaining the status quo as it pertains to technology is not a choice if you want to be successful, and looking forward, we hope to be a catalyst to drive technological change and adoption in the industry.
Since so many industries collide with the built environment, monitoring the startup landscape can be daunting. To move up the learning curve the fastest, we believe firms new to the space should partner with those that already have the knowledge and networks in PropTech.
Through our vertically integrated structure, as a VC and through our partners that own and operate a variety of real estate asset types, we have a precise understanding of the hardships real estate teams face...
A trend that Nine Four is seeing is the increased prevalence of companies raising a ‘PropCo’ to support their legacy operating business (“OpCo”).
In this post we’ll explore how Stay Alfred plans to give back to their loyal guests as well as the importance of customer retention that’s applicable to companies outside of the STR space.
WeWork is an example of a company that’s spent a ton of money on technology and acquisitions yet is still challenged daily on whether it’s actually a tech company.
We believe the Pilot Program provides startups, our partners, and Nine Four Ventures with incredible value.
PropTech refers to products and services that impact the built world and the people, processes, and ecosystems that interact with it.
Today, it can be argued that it is easier to start a software company than ever before, as infrastructure (ie AWS, APIs, micro-services, open source, etc) needed to start a software company is more readily available and cost effective than ever.
Nine Four Ventures’ partnership with the Laramar Group is on the right path to tackle the biggest impediment to growth in CREtech: adoption.
We are building a program that will unify, educate and promote growth through the sharing of information we feel is valuable to real estate practitioners
It is our vertically-integrated approach combined with our trusted LP base that enables us to provide creative, flexible investment solutions and always keep the best interests of portfolio company founders at heart.
Our tech forward commercial partner, the Laramar Group, believes that proptech is a fundamental component of its current and future operations.
Taking advantage of your real estate as a sales channel requires knowledge, understanding, and the right startup pipeline.
Nine Four Ventures continues to be excited for the future of real estate tech.
Marketing professionals in today’s multifamily space can all agree that standing out is a full-time job. Understanding where processes can be more streamlined may potentially answer some fundamental questions when building technology around this category.
When trying to set yourself apart from the competition, first impression is everything.
I’ve sat in on a lot of meetings between industry players and startups targeting the residential real estate space. Something that surprises me is the frequency with which I hear the same pieces of feedback and “things you should understand” from industry professionals.
Nine Four Ventures, a vertically integrated venture capital firm that invests in technology companies impacting real estate and its stakeholders across and between each phase of an asset’s lifecycle.
Weekly Reads
A collection of articles from around the web curated by the Nine Four Ventures team
- May 29, 2020
- May 22, 2020
- May 15, 2020
- May 8, 2020
- May 1, 2020
- April 24, 2020
- April 17, 2020
- April 10, 2020
- April 3, 2020
- March 27, 2020
- March 20, 2020
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- February 28, 2020
- February 14, 2020
- February 7, 2020
