Time to lead, not to follow NAR talks proptech investing | PlaceTech Podcast

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2y ago 24:35

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Get inside the US National Association of Realtors’s property tech ventures with Dan Weisman, director of emerging tech trends; Natasha Terinova, director of accelerator programme Reach UK; and Tyler Thompson, managing partner of its investment fund Second Century Ventures.

With 1.3m members, the NAR is the largest trade organisation in the US. On this episode you can hear how a 100-year-old organisation got into digital transformation and its significant progress to date.

Takeaways

NAR venture fund Second Century Ventures was an early investor in DocuSign
SCV and its accelerator arm Reach are fully funded from returns on past investments
Cream will rise to top as economic downturn bites over next 18-24 months
Priority areas to watch
Tyler wants SDCV to help tackles affordability, how can tech solve the global housing crisis and help renters move towards owning property
Property companies can take advantage of AI, using data and today’s sizable computer power to produce clear data points that are critical to success
Dan says NAR wants to lead and not be reactive when it comes t spottinbg tech efficiencies in real estate
Natasha’s companies to watch include Fyma – ‘unlocking data from video feeds’ – and Mökki – ‘logistics hubs for the circular economy’

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