“The real estate industry is slow to adopt new technology”. How many times have you heard that statement? While there may be some truth to it from a relative perspective, there are so many exciting things happening in the world of real estate technology today.
I recently had a call with a real estate tech enthusiast and aspiring angel investor. I was blown away by his knowledge of the real estate tech landscape and specifically the venture capital firms fueling the explosive growth of real estate tech companies. Real estate tech adoption is driven partly by the quality of the new technology, and new technology is often a product of the funding available for tech start-ups. This is what makes these emerging real estate-focused VC firms so important.