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

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From left, Dan Weisman, Natasha Terinova,Tyler Thompson

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.

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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
  • Tyler wants SCV to help tackle 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 to spotting 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’

Go to Publisher: PlaceTech
Author: Paul Unger