Friends, Feudal Landlords and Commoners,
This blog was started to highlight the people behind the Proptech.
Sometimes there's a topic that links people together. And sometimes people like to peek into the future to look for those topics.
But this week, I'd like to focus on seven start-ups from Seattle to Sydney that you've never heard of but really need to investigate.
1. Area - myarea.com
Founded by the team behind Tab, the loyalty start-up, these guys have a fascinating story - plus founder Shawn Zvinis was apparently identified by GQ as one of the 'Men of the Next 25 Years'.
2. Asset - asset.co
Whatsapp for Real Estate (search) - The right high level idea IMO, but I think over-designed. Founded by Tim Barge
3. Avenue - getavenue.co
Giving agents their life back - Justin Shum's start-up won last year's RealogyFWD competition.
4. Blokable - blokable.com
Lego for housing - This is transformational! If done right, so that Blokable is trendy. Check out the video by founder Aaron Holm
5. Eyeball it! - www.eyeball.it
Your personal renting assistant - bringing VR into the current day. Lacra Corcodelknows how to sell. And is a graduate of the University of Transylvania.
6. Homepass - homepass.com
Daniel Oertli is the ex-CIO of REA Group and subsequently launched and sold Roomz to REA. Not sure what Homepass will do, but I bet big corporates will want to buy it.
7. Home Rise - Homerise.co.uk
Where homeowners compare agents for free. Launched by ex-Cushman & Wakefield man Simon Osborne.
Recently I wrote about Property Partner and how I thought their approach wasn't going to capture the 'crowd' in a big, scalable way.
Well, Fundrise - the big shining beacon of property crowdfunding in the US - in a complete change of its business model is rejecting the crowd and going institutional:Link
I want to end on a non-proptech article.
It's about how pricing affects our decisions.
It is why low-fee online agents will never be dominant in the marketplace: their (low) price is putting people off - counter to what they thought it would do - leaving them with a sub-3% market share after spending heavily on all that PR and advertising.
Have a read for yourselves.
It's why the soon-to-launch Nested, backed by a formidable list of London angels, will be far more successful than any online agent to date.
And without the need to fill Rightmove's coffers with investor money in a desperate chase for market share.
Please feel free to relay news, tips and comments @RayhanRESI
Rayhan's PropTech Weekly XXIX
SPD Insights - Virtual Reality and Property - 11 May - Link
Future Property Tech Conference - 19 May - Propertytech.co
Reimagining Housing in Silicon Valley - 19 May - Link
Property Portal Watch Bangkok - 1-3 Jun - Link
Propteq Europe 2016 - 2 Jun - Propteq.com
Realogy FWD - 21 Jun - RealogyFWD.com
Realcomm 2016 - 21-23 Jun - Link
Inman Connect SF - 2-5 Aug - Link
Smart agent finder Homelight raises $11m (Property Portal Watch)
Using data to make money. Here's a lesson in how to do it: Link
Zoopla buys Property Software Group for £75m (CityAM)
Boom! Another year, another industry captivating acquisition by Alex Chesterman. The man is a machine that buys everything on the cheap. The value creation machine goes on (Disclaimer: I'm no Zoopla fan. I think they don't innovate; their products are clones that add no value. But Zoopla is amazing for their shareholders with the acquisitions and marketing - they now OWN the word SMART): Link
RealAs is an Aussie start-up with an Automated Valuation you can trust (Property Portal Watch)
I'm skeptical, but they talk more sense than the nonsense Zillow and Zoopla spew out (Z-index valuations instinctively look wrong). Have a look at what RealAs are doing: Link
Placester acquires Real Satisfied to take membership to 400k agents (Forbes)
Why start-ups can't disrupt the mortgage industry (TechCrunch)
Certainly a lot of truth here, but there's no imagination in this article. I do believe tech can turn both mortgage introduction and lending up on its head. Like comparison sites and big data have done with insurance. Here's the cynicism: Link
Pi Labs unveils 3rd cohort
I truncated the title, because I'm not sure these are recognisable as Proptech start-ups. While I'm enamoured by Reza Merchant's dashing good looks, I'm wondering what he's talking about when he advocates for the Pi Labs selection process: TextAudio interview with Reza