Politics and Property the Donald Trump and Boris Johnson way — Proptech Weekly #23

Subscribe to Real Estate Pundit’s newsletter

Friends, Feudal Landlords and Commoners,

So while The Donald is gearing up to be President of the World, our own Boris has taken the ridiculously well-timed decision to launch a leadership campaign for President of the UK (via the EU Referendum — which he’s likely to win). Why do either of these things matter? Both power-brokers are inexplicably tied to the property industry. While Trump’s experience is more overt, it’s important to note that Boris has poured more money and support into property than any previous mayor (or UK politician since the 1980s). Politics and politicians matter: they move markets and capital with extraordinary effect.

It’s been a hot start to 2016 for Proptech, contrary to my prediction. I hope the momentum keeps up with Bricklane’s impending launch, the crowdfunding of Landbay and Rentify, Movebubble’s second £1m+ raise and Zoopla’s canny deal to get a stake in 4 hot start-ups for a mere £1m. That Alex Chesterman is one incredible negotiator.

For those wannabe Proptechers, it looks like respected angel investor Robin Klein is putting himself out there as a lightening rod for Proptech via a CityAM article.

I’m writing more frequently because there’s just so much going on. If you’re having trouble keeping up, the last two Proptech Picks made excellent reading: 21 and 22

Please feel free to relay news, tips and comments @realpundit

Rayhan’s PropTech picks XXIII

Upcoming Events

LendInvest Proptech Meetup — 10 Mar — Link
The 2nd Crowdfunding and Marketplace Lending Forum For Real Estate — 10–11 Mar — Link
Propteq Europe 2016–25 May — Propteq.com
Realcomm 2016–21–23 Jun — Link

Eddie Holmes and Umesh Kumar recognised as part of the Maserati100 List of influential people

This blog was started to highlight the efforts of the people behind Protech, so they could become better known and we could together create a rising tide. It gives me great pleasure to lead with the recognition of two influential Proptechers, Eddie Holmes and Umesh Kumar, who were both involved in the set up of Pi Labs and have both gone on to help many more entrepreneurs. A special mention should also go to TechCity stalwart Rishi Chowdhury who runsIncuBus Ventures (which I am a small crowdfunder in). Here’s a puff piece on Eddie and a link to the list: Link and List

Proptech Consult’s first podcast (Soundcloud)

On the back of a great result with Countrywide’s partnership/investment in Fixflo, Eddie Holmes celebrates with his first Proptech podcast featuring Andy Miles (Realla), Russell Quirk (Emoov) and Luke Appleby (Kontor London). It’s an entertaining and worthwhile listen. First podcast in years I’ve got all the way through without falling asleep: Link

Countrywide leads Connells and Zoopla into partnership/investment with Fixflo (Property Industry Eye)

This was a pretty big deal. A barely two year old start-up landing such prominent deals with industry heavyweights is true testament to the entrepreneurial ability of Rajeev Nayyar and Duncan Careless. There’s a business school case study in this: Link

Zoopla invests in four Proptech companies for £1m (FT)

Great business all round, but especially for Zoopla. It cements its place in the market, gets options (presumably) over buying out the start-ups and extends its incredible goodwill amongst the industry. For Trussle, Fixflo, Landbay and PropertyDetective the added awareness is close to invaluable: Link

StreetEasy’s revenue rockets (The Real Deal)

The Zillow owned company has a virtual monopoloy over New York City Listings. And they’re taking that advantage all the way to the bank: Link

MOTIVE, the Proptech accelerator pauses 2016 plans (Medium)

A hilariously well-written post on the US Accelerator’s plans: Link

Robin Klein opines about Proptech (CityAM)

Great man, great vision. When he writes, the rest of us read and take note: Link

Previous Weekly Commentary from The Real Estate Pundit:

Featured

>

May 27, 2016

Proptech Weekly

Real Estate Pundit

May 27, 2016

Proptech Weekly

Real Estate Pundit

href=”/home/2016/the-present”
 
 
 class=”summary-title-link”>The Present is the future of agency — Proptech Weekly #33

May 27, 2016

Proptech Weekly

Real Estate Pundit

May 27, 2016

Proptech Weekly

Real Estate Pundit

Gary Chimwa put on the excellent Future of Property Tech conference in London. It was big!

There were three big themes: agency, mortgages and VR. 

The conclusions were:

The future of agency looks much like today (i.e. full of a long tail of agents) 

The future of mortgages looks much like today (it’s so tightly regulated); 

And the future of VR looks much like today (gadgets for excitement at events, but no mainstream application). 

These aren’t negative comments. It’s just the current state of property technology. Specifically there really isn’t much tech.

May 27, 2016

Proptech Weekly

Real Estate Pundit

May 27, 2016

Proptech Weekly

Real Estate Pundit

>

May 9, 2016

Proptech Weekly

Real Estate Pundit

May 9, 2016

Proptech Weekly

Real Estate Pundit

href=”/home/2016/pilabs-and-more-jonny-britton-proptech-weekly-31"
 
 
 class=”summary-title-link”>PiLabs and more Jonny Britton — Proptech Weekly #31

May 9, 2016

Proptech Weekly

Real Estate Pundit

May 9, 2016

Proptech Weekly

Real Estate Pundit

I don’t set out to be so extreme in my views.

I just want to promote those doing good work and I find it hard to hide my dislike for those who lack credibility and a credible approach.

What am I getting at? Pi Labs.

May 9, 2016

Proptech Weekly

Real Estate Pundit

May 9, 2016

Proptech Weekly

Real Estate Pundit

>

Apr 25, 2016

Proptech Weekly

Real Estate Pundit

Apr 25, 2016

Proptech Weekly

Real Estate Pundit

href=”/home/2016/from-seattle-to-sydney-seven-start-ups-youve-not-met-yet-proptech-weekly-29"
 
 
 class=”summary-title-link”>From Seattle to Sydney, Seven Start-ups you’ve not met yet — Proptech Weekly #29

Apr 25, 2016

Proptech Weekly

Real Estate Pundit

Apr 25, 2016

Proptech Weekly

Real Estate Pundit

This blog was started to highlight the people behind the Proptech.

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.

Apr 25, 2016

Proptech Weekly

Real Estate Pundit

Apr 25, 2016

Proptech Weekly

Real Estate Pundit

>

Apr 18, 2016

Proptech Weekly

Real Estate Pundit

Apr 18, 2016

Proptech Weekly

Real Estate Pundit

href=”/home/2016/the-state-of-proptech-funding-proptech-weekly-28"
 
 
 class=”summary-title-link”>The State of Proptech Funding — Proptech Weekly #28

Apr 18, 2016

Proptech Weekly

Real Estate Pundit

Apr 18, 2016

Proptech Weekly

Real Estate Pundit

You have to feel sorry for the investors. 

Which start-ups would you really back with a significant amount of capital?

Exactly.

Apr 18, 2016

Proptech Weekly

Real Estate Pundit

Apr 18, 2016

Proptech Weekly

Real Estate Pundit

>

Apr 14, 2016

Proptech Weekly

Real Estate Pundit

Apr 14, 2016

Proptech Weekly

Real Estate Pundit

href=”/home/2016/property-partner-and-proptech-investment-volume-proptech-weekly-27"
 
 
 class=”summary-title-link”>Property Partner and Proptech investment volume — Proptech Weekly #27

Apr 14, 2016

Proptech Weekly

Real Estate Pundit

Apr 14, 2016

Proptech Weekly

Real Estate Pundit

CB Insights released data on Proptech fundraising in the first 3 months of 2016.

If you’re a start-up founder in the UK whose name isn’t Dan Gandesha, you don’t figure on the list.

He can’t be the only Proptech founder with true ambition and the graft to back it up.

But numbers don’t often lie, and he’s the one growing his business and raising money in a way that’s making everyone’s head turn.

And I can’t stress enough how getting people talking is so damned important.

Apr 14, 2016

Proptech Weekly

Real Estate Pundit

Apr 14, 2016

Proptech Weekly

Real Estate Pundit

>

Apr 1, 2016

Proptech Weekly

Real Estate Pundit

Apr 1, 2016

Proptech Weekly

Real Estate Pundit

href=”/home/2016/proptech-weekly-26-the-lack-of-hype-in-proptech-is-no-april-fools-joke”
 
 
 class=”summary-title-link”>The lack of hype in Proptech is no April Fool’s joke — Proptech Weekly #26

Apr 1, 2016

Proptech Weekly

Real Estate Pundit

Apr 1, 2016

Proptech Weekly

Real Estate Pundit

why do both investors and entrepreneurs not get that bigger is better? 

Bigger funding allows for bigger companies to be built to bigger exits with larger amounts of people benefiting and giving back as angel investors. Everyone wins.

Yet the ideas being funded in the UK are small. And their capital raisings are meagre. It makes me wonder what is the point of giving a company so little money that they can’t do anything but think about the next raise.

Where’s the hype going to come from in Proptech?

Us. Proptech founders. 

If the sector is under-capitalised, then the human capital needs to come together, help each other and create that rising tide of Proptech.

Apr 1, 2016

Proptech Weekly

Real Estate Pundit

Apr 1, 2016

Proptech Weekly

Real Estate Pundit

>

Mar 24, 2016

Proptech Weekly

Opendoor, Wework, Nested, OpenDoor

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Opendoor, Wework, Nested, OpenDoor

Real Estate Pundit

href=”/home/2016/proptech-weekly-25-scale-vs-scalability-a-look-at-innovators-opendoor-wework-and-nested”
 
 
 class=”summary-title-link”>Scale vs Scalability — A look at innovators Opendoor, Wework and Nested — Proptech Weekly #25

Mar 24, 2016

Proptech Weekly

Opendoor, Wework, Nested, OpenDoor

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Opendoor, Wework, Nested, OpenDoor

Real Estate Pundit

First, the most exciting PropTech company in the world has just announced some incredible news.

And no, I’m not talking about WeWork’s mammoth fundraising. While impressive, it doesn’t really change the world. You know, like how OpenDoor are re-imagining the process of buying and selling a home.

Mar 24, 2016

Proptech Weekly

Opendoor, Wework, Nested, OpenDoor

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Opendoor, Wework, Nested, OpenDoor

Real Estate Pundit

>

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

href=”/home/2016/proptech-weekly-24-business-model-matters-enablers-like-fixflo-applyproperty-and-rightmove-vs-disruptors-like-emoov-and-purplebricks”
 
 
 class=”summary-title-link”>Business model matters — Enablers like Fixflo, Apply.Property and Rightmove vs Disruptors like Emoov and Purplebricks — Proptech Weekly #24

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

There’s been a flood of AgentTech these past few weeks. It seems many entrepreneurs are pivoting from their ‘agent-killing’ ambitions. I’d like to call this the Fixflo-effect. They are, after all, the leading light amongst the current crop of Proptech start-ups.

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

>

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

href=”/home/2016/proptech-weekly-23-politics-and-property-the-donald-trump-and-boris-johnson-way”
 
 
 class=”summary-title-link”>Politics and Property the Donald Trump and Boris Johnson way — Proptech Weekly #23

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

While Trump’s experience is more overt, it’s important to note that Boris has poured more money and support into property than any previous mayor (or UK politician since the 1980s). Politics and politicians matter: they move markets and capital with extraordinary effect.

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

>

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

href=”/home/2016/proptech-weekly-22-the-rise-of-agenttech-and-mortgagetech”
 
 
 class=”summary-title-link”>The rise of AgentTech and Property Fintech — Proptech Weekly #22

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

One question keep cropping up: Why is Proptech not as hyped/written about?

The vast majority of proptech was founded on the notion of ‘disrupting high street agents.

While ‘agent-killing’ isn’t the sole endeavour of proptech, it is high on the priority list of most proptech founders.

That doesn’t bode well for others, the ones who want to ‘enable’ the incumbents, rather than disrupt them.

Mar 24, 2016

Proptech Weekly

Real Estate Pundit

Mar 24, 2016

Proptech Weekly

Real Estate Pundit