October 21, 2022
Let’s talk about the venture/founder climate in proptech right now.
While all start ups and entrepreneurs are feeling the pain of the current market cycle, it appears the proptech has been hit particularly hard. MetaProp's index shows investor confidence was high at the end of 2021 but dropped to the lowest rate in many years in mid-2022:
According to some experts, this rollercoaster has followed the optimism surrounding the housing market in 2021, and the… slowdown in 2022. VCs have become spooked as rising interest rates have idled property transactions.
On the flip side, this could be seen as an opportunity to filter out the real winning ideas from the (over-funded) crowd of 2021.
Many followers of this newsletter in the proptech world. What has your experience been? How are you feeling about the near future?
Feel free to hit respond - would love to hear your thoughts!
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MUST-READS
The 30 Most Powerful People in Commercial Real Estate Proptech // Commercial Observer
Why Wakanda might be a model for our future cities // CNN
In Race to End Homelessness, San Antonio Takes the Lead // Bloomberg
The rise of the high-design ADU // Business of Home
Aging at Home: Preparing Architecture for an Elderly Population // ArchDaily
How Flexible Workspaces and In-Building Tech Offer a Competitive Advantage // Commercial Observer
10 Start-ups Creating Innovative and Sustainable Building Materials, from Mycelium Bricks to Water Purifying Tiles // ArchDaily
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IDEA SPOTLIGHT
Mighty Buildings
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