PropTech

“In hindsight, I overestimated the resilience of the business, and I underestimated the speed what I called the worst case scenario, what I modeled as the worst case scenario, was actually not as bad as the real the real scenario that happened. You know, the ri…”

“Now that product is pretty much dried up because people don't need that anymore. Well, there's just not as many offers on any property, right? But the products that have really taken off now are buy before you sell because previously you didn't need buy before…”

“You can pick a winner in a bad category, and you can still really not do well if you're entering in at a growth phase. I think we've picked some companies that have proven to be the category leader, but if it's in an area like InsureTech, or areas of PropTech,…”

“I do think there's an echo chamber that exists in Silicon Valley that has actually perpetuated some of the problems in venture capital in the Bay Area and overlooking huge categories like prop tech.”

“Now, sixty four billion dollars has gone into the category in just the last five years.”

“Prop tech is 10 to 20 X from here.”

“And I think WeWork was the first one that really sort of set the stage. Before that, there was really only like LoopNet and Zillow and Renfin. And, you know, those were really taking a very, you know, web two point O approach to prop tech of, Just being sort o…”

“You're not just talking about opportunities in the billions of dollars with enormous total addressable markets. You're talking about opportunities in the trillions of dollars. So I think this is a trend that will go on for probably the next decade, frankly.”