About This Episode

In this reflective episode, Patric and Shub take a deep dive into the evolution of construction technology investment trends since Foundamental's inception in 2019. They examine which heavily-funded themes and business models lived up to their promises, which ones struggled, and what valuable lessons emerged for founders and investors in the AECS space.

In This Episode

The rise and fall of Katerra-inspired business models in construction tech, from asset-heavy manufacturing to cloud-based approaches and how the industry adapted post-Katerra

The evolution of digital general contractors for renovations, comparing successful cases like LiveSpace with challenges faced by companies like Block and Made

The limitations of iBuyer models in construction and real estate, particularly when interest rates and market conditions shifted

A retrospective analysis of quick commerce solutions for construction sites, examining why many marketplace models struggled with unit economics

Timestamps

(00:00 ) - Introduction and clarification about prime numbers

(04:12 ) - Discussion of Katerra-inspired business models

(09:21 ) - Digital GCs for renovations

(13:53 ) - Analysis of iBuyer models

(19:06 ) - Quick commerce for construction sites

(27:18 ) - Field software solutions and Procore competitors

(31:58 ) - Evolution of design software solutions

Resources or Companies Mentioned

LiveSpace: https://livspace.com/in

Block Renovation: https://www.blockrenovation.com/

Procore: https://www.procore.com/

SnapTrude: https://www.snaptrude.com/

Connect With Us

Practical Nerds Website: https://practicalnerds.com/

Subscribe to the Newsletter: https://www.linkedin.com/newsletters/practical-nerds-7180899738613882881/

Foundamental: https://www.foundamental.com/

Patric Hellermann: https://www.linkedin.com/in/aecvc/

Shub Bhattacharya: https://www.linkedin.com/in/shubhankar-bhattacharya-a1063a3/

#ConTechTrends #StartupInvesting #ConstructionTech