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Extra Crunch Friday: 9 top real estate/proptech investors say cities and offices still have a future

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Friday, September 04, 2020 By Walter Thompson

Welcome to Extra Crunch Friday

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Image Credits: PPAMPicture / Getty Images under a license.

I haven’t been to the office in several months. I’m not even sure where my security badge is.

Most of us will likely return to a centralized workplace where we collaborate in-person, but I can’t imagine what that will look like. Where I live in San Francisco, there’s already talk of converting empty office towers into residential properties.

Kirsten Korosec and Eric Eldon spoke to nine real estate and proptech investors and found that “optimism still runs high for startup hubs as well as supercities” like NYC and SF.

Here’s who they interviewed:

  • Clelia Warburg Peters, Venture Partner at Bain Capital Ventures
  • Brad Greiwe and Brendan Wallace, co-founders and managing partners, Fifth Wall
  • Zach Aarons, co-founder and general partner, MetaProp
  • John Helm, managing director, Real Estate Technology Ventures
  • Adam Demuyakor, co-founder and managing partner, Wilshire Lane Partners
  • Casey Berman, founder and managing director, Camber Creek
  • Florian Reichert, partner, Picus Capital
  • Stonly Baptiste, co-founder and partner, Urban Us
  • Andrew Ackerman, managing director, DreamIt Ventures

Monday is Labor Day in the U.S., so we’ll be back on Tuesday with new stories. Have an excellent weekend, and thanks for reading Extra Crunch.

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

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Media Roundup: Patreon joins unicorn club, Facebook could ban news in Australia, more

Media Roundup: Patreon joins unicorn club, Facebook could ban news in Australia, more image

Image Credits: Tom Cooper / Getty Images

Senior Writer Anthony Ha covers advertising, entertainment and media, so I’m happy to announce he’s started a Extra Crunch column that distills the latest news from these sectors.

Besides tracking new funding rounds, he’ll also follow platform policies and other issues that impact “entrepreneurs in the content or advertising business.”

In his first outing:

  • Facebook may ban news sharing in Australia
  • Patreon joins the unicorn club
  • Americans have complicated feelings about the news
  • Andrew Sullivan says he's making $500,000/year from Substack
  • "Tenet" rakes in $53 million on opening weekend

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Save $100 on TC Sessions: Mobility 2020 before prices go up

Sponsored by TechCrunch

Early-bird sales end tonight Friday, September 4 at 11:59 pm PT.

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Jeff Lawson on API startups, picking a market and getting dissed by VCs

Jeff Lawson on API startups, picking a market and getting dissed by VCs image

Image Credits: Steve Jennings/Getty Images

Founded in 2008, cloud-communications platform Twilio has leveraged innovative product development, evangelism and a series of acquisitions to reach a $40 billion market cap.

CEO and co-founder Jeff Lawson joined us for a recent episode of Extra Crunch Live to discuss “the growing wave of API-delivered software” with Alex Wilhelm.

Their conversation covered a lot of ground, including why API companies can scale quickly, TAM, the future of APIs, and, notably, Pop-Tarts.

Read highlights from their chat, or watch/listen to the entire hour.

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Deep Science: Dog detectors, Mars mappers and AI-scrambling sweaters

Deep Science: Dog detectors, Mars mappers and AI-scrambling sweaters image

Image Credits: Microsoft Research

Devin Coldewey’s science column aggregates the latest news in cutting-edge tech. Many of the items he covers are years away from reaching consumers, which makes “Deep Science” particularly valuable for founders and investors.

In his latest recap: using machine learning to clean up the night sky, human-robot symbiosis, updates from the European Conference on Computer Vision, and much more.

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3 ways COVID-19 has affected the property investment market

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Image Credits: Juanmonino / Getty Images

The coronavirus pandemic is creating massive disruptions and behavioral shifts that are opening up new opportunities in property tech.

Prospective buyers are taking virtual home tours and using crowdfunding to diversity their portfolios, and the COVID-inspired shift to digital means the closing process requires fewer dead trees.

New ways of buying and selling real estate are encouraging startups to bring new products to market; this guest post looks at the implications for investors, developers and founders.

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Venture capital LPs are the missing link to solving Silicon Valley's diversity problem

Venture capital LPs are the missing link to solving Silicon Valley's diversity problem image

Image Credits: Merve Karahan / Getty Images

Renewed calls for racial justice in the might be starting to impact the way Silicon Valley does business: many VC funds are publicly sharing diversity stats and are making conscious efforts to meet with a more diverse range of founders.

But without a more representative mix of women and people of color among the ranks of limited partners, will we see sustainable change?

In this guest post, contributor Pranavi Cheemakurti lays out actionable strategies VCs can use to invest in more diverse fund managers and amplify their work during the fundraising process.

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Edtech startups find demand from an unlikely buyer: schools

Edtech startups find demand from an unlikely buyer: schools image

Image Credits: xefstock

The procurement process for business software is fraught with complexity and nuance, so you can only imagine how much red tape edtech startups must overcome before they can sign a contract with a public school district.

In her latest edtech update, Natasha Mascarenhas looks at how COVID-19 has opened doors for startups in the sector, despite a process one founder describes as “broken, nepotistic, bureaucratic and paperwork-heavy."

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