Construction

“So, you know, the energy sector, infrastructure, construction, manufacturing, fabrication a lot of these industries, 90% of the workforce, Is not really using a computer at that level.”

“But do I think they'll build a product for legal that can really work inside, you know, complicated law firms for healthcare, for construction, for automotive? I don't think so.”

“Construction contracts paid 10 to 40 times what auto repair did.”

“This production layer and in the sector, regardless of asset class is where the pain lives, like subcontracting trade contractors, they own the pain. It's thin margin, high risk, everything flows downhill to them.”

“And while manufacturing still needs a lot of work, right? Construction was worse.”

“And then as we highlighted, word of mouth is phenomenally a very big perpetrator of your value in construction, even today. So if you are my competitor, I'll go to your website, I'll see who you're talking to, and I'll go use that if that has, if I'm seeing yo…”

“Manufacturing has grown leaps and bounds in their productivity. So they, their appetite has grown. That disruption is ready for construction. It's ready to happen in construction.”

“So the future of mining and eventually construction is going to be these fully autonomous operations, where labor shortage is a real problem in the industry, and so this allows a very small number of people to control a huge number of vehicles.”

“Yes, I think the real impact of AI in the next. Five to 10 years really is going to be in farming, in mining, in construction, in self-driving trucks. That's where you're going to have a real impact.”

“One of my core perspectives that I've been developing over the last 18 months of writing about this is that construction itself is going to be a moat. The ability to build things is hard. And I think we underestimate that.”

“Is one, right now there's several million unfilled vocational jobs, and every time, for example, a new technology comes out that automates something for construction, it also creates massive more demand for construction. So right now, so far, the AI is actuall…”

“And blue, which never showed up, because nothing is ahead of schedule in construction.”

“If you think about it, they're provided, they're being provided a service to say, do the electrical works. And they never talk about how much work will be done. They talk about how many men will be here. That's what they negotiate. No, no, no. You need to have…”

“There was another meeting in which we explained, and then this VC guy, he looks at us and says, look, guys, I'm not going to invest in construction. Okay, what the hell? What you are about. Now you guys with your background, say that you're gonna start a cyber…”

“It's very difficult to buy for businesses that make like two percent margins, which is what construction does, and you're asking them to spend a non-trivial amount of money on a tool that will help them do their things better.”

“In the sectors that we care about the most when it comes to decarbonization, and really anything having to do with energy, which are, you know, basically manufacturing and construction, labor productivity is, has been flat really for the past 10 to 15 years, a…”

“We're doing construction for much cheaper right now.”

“So there's a lot of nuances to all of this, but we do find you got to hire sales people that understand sales and teach them construction.”

“Implementing new software into construction is not an easy thing to do, so we have a heavy focus on implementation and customer success because that is really a true pain point for people. Even if the software is easy to use, you still touch a lot of different…”

“Where construction, you really, it's a similar, a little bit similar, like with e-commerce, I think you could grow yourself into bankruptcy, if that makes sense. Making, for example, you with a construction, same with e-commerce, you have to put a lot of money…”

“In my experience, the technology actually builds trust. Everybody functions on the beliefs and the things they remember. If we have the data, we can start to gain trust in each other.”

“Most of the issues, as well as the progress challenges, the progress management challenges in construction take place at the MEPF stage, the mechanical, electrical, plumbing, and fire stage.”

“But in manufacturing, you don't have to deal with the workspace. In construction, you have to allow for the workspace that a work crew needs, and the space is changing over time.”

“And so maybe if we're able to cut that 20 down into 10% because we've caught errors, you know, in a day instead of waiting two weeks to find out when the next trade is trying to install, and that can save us a lot of time, you know, cut down that rework.”

“It's a very little known fact, but 80% of construction money is spent indoors anyway.”

“Construction accounts for 13% of global output.”

“Literally one out of every 10 people in the world eat, sleep, and breathe construction every single day.”

“Construction is the infrastructure of this world, and if we're unable to figure out how to solve this productivity problem, we'll be unable to deliver the infrastructure that this world needs, not in the next 15 years, in the next decade.”

“As an angel investor myself, frankly, I love those. I'm not looking for the Get rich quick scheme. More what I'm looking for is things that are going to have massive, massive impact on the world. What are the next Google, the next Apple, but let's go after the…”

“So now you can deploy a drone instead of having a man walking out of the GPS, you can deploy a drone and what would have taken previously about 10 days, you can now do in one day to actually get the data, understand the quality of the earth movements, where th…”