The real estate industry is embracing digitization and the consumerization of enterprise software, with a focus on AI and data visibility to drive innovation and sustainability.
Funding in the PropTech sector is expected to continue growing sustainably over the next five years, with significant potential for investment and growth globally.
Deep dives
The PropTech Podcast and the Changing Real Estate Industry
The podcast episode discusses the evolution of the real estate industry through the lens of PropTech. The host reminisces about a previous episode during the pandemic and highlights the significant changes that have occurred since then, both in the PropTech world and in the macro perspective. The episode emphasizes the importance of digitization and the consumerization of enterprise software in the real estate industry. It explores the potential of AI and data visibility to drive innovation and sustainability in the built environment. The host also shares excitement about specific companies like Mapped and Primstone that are making strides in the PropTech space.
Continued Growth and Funding in PropTech
The episode predicts the ongoing growth of funding in the PropTech sector over the next five years. Despite a slight slowdown in 2021, the speaker believes that funding will continue to increase sustainably. The episode also mentions the need for more significant funding in PropTech globally, especially in markets where the sector is still in its early stages. The speaker highlights the vast potential for growth and investment in the PropTech industry, especially in comparison to the FinTech sector.
Challenges and Hopes for the Future of Real Estate
The podcast discusses the challenges and hopes for the future of real estate as a result of technological advancements. The speaker acknowledges the resistance to change in the industry but emphasizes the importance of embracing digitization to overcome existing problems. The episode highlights the potential of technologies like AI, carbon capture, and low-carbon cement to transform the real estate sector. The speaker believes that while certain asset types may evolve or be repurposed, there will not be a complete shift in real estate categories. Instead, the focus should be on making significant impact and improving efficiency and sustainability within existing asset types.
Metaprop's Role and Future Endeavors
The episode mentions Metaprop, a venture capital firm specializing in PropTech investments. It highlights how Metaprop helps real estate companies set up innovation teams and explores the value of having individuals with industry experience on the founding teams of PropTech startups. The speaker expresses his excitement about the future of Metaprop, envisioning it as a stable and trusted resource in turbulent times. The episode also mentions the book 'PropTech 101' authored by the speaker and discusses upcoming projects, including a comic book that aims to showcase real estate and PropTech characters.
Zach is a proptech veteran and OG. As one of the Co-founders of the most prolific early-stage proptech investment firm, MetaProp, and as an individual investor, he's seen some things go down. In this episode, we discuss what's changed over the course of Zach's career within proptech, and discuss where things are headed next. There's more to this than just before and after the pandemic, but that's obviously a big component to how things have evolved. Download to hear more about what Zach has to say.
More about Zach and MetaProp MetaProp is the world’s leading venture capital firm focused on the PropTech industry. Founded in 2015, MetaProp’s investment team has invested in over 150 technology companies across the real estate value chain. The firm manages funds for both financial and strategic real estate investors that represent a pilot- and test-ready sandbox of 20+ billion square feet across every real estate asset type and global market.
Zach has been working at the intersection of real estate and venture capital for the past decade. He's funded over 60 startups in the space as an individual as well as 100 startups (and counting) through MetaProp’s venture capital funds. In addition to early-stage investing, he's worked on large scale mixed-use development projects in cities like Boston and Los Angeles with Millennium Partners. He's also co-author of PropTech 101 (https://proptech101.com) published by Advantage Media.
