What’s the largest alternative for proptech founders? How ought to they consider competitors, strategic funding versus top-tier VC companies and learn how to construct their board? What about navigating regulation?
We sat down final week with Brendan Wallace, co-founder and basic supervisor of Fifth Wall, and Hippo CEO Assaf Wand for an episode of Additional Crunch Reside to debate all the above.
Extra Crunch Live goes down each Wednesday at 3 p.m. EDT/midday PDT. Our subsequent episode is with Forerunner’s Eurie Kim and Oura CEO Harpreet Rai, and you’ll take a look at the upcoming schedule proper here.
Within the meantime, dive into the wide-ranging dialog we had with Wallace and Wand. You could find the complete video, together with the EC Reside pitch-off, under.
Investing within the board
Step one in working a helpful and useful board is figuring out who ought to be on that board, and that begins with the primary spherical of capital funding and carries on endlessly.
One of many strategic advantages of Fifth Wall as an investor, in accordance with Wallace, is that the agency was constructed particularly with strategic LPs in the actual property realm, permitting the agency to attach portfolio firms with huge incumbent gamers within the trade. Incumbents get entry to new instruments and software program, portfolio firms get huge prospects, and Fifth Wall will get to reap the advantages of each. It’s a uncommon win-win-win.
We requested Wand about how he selected his traders, and learn how to weigh the worth of a top-tier VC agency and a strategic angel investor, for instance.
He defined that there is no such thing as a proper reply to a query like that, however it ought to at all times be completely mentioned by the workforce. One of many advantages of getting a top-tier VC agency on board is that it has a signaling impact, serving to you to recruit early workforce members and open doorways.