Weekly Radar

Weekly Radar #302: Zero To A Billion, NWMLS Charts A Different Course, Sucking Carbon

Geek Estate Team

Jun 3, 2024 • 8 min read

mage created by: DALLE Prompt: make an image of an entrepreneur at the edge of a barren land transforming into a thriving landscape, symbolizing the next zero to billion-dollar market

In this week's Weekly Radar, we cover:

NWMLS decided against joining NAR's settlement agreement, citing it reduces compensation transparency and restricts sellers' options.
Alphabet-backed 280 Earth opened its first carbon capture plant and secured $50 million in funding, furthering the ability for landlords to use DAC systems to achieve net-zero emissions amid funding and policy challenges.
Nvidia CEO Jensen Huang discussed "Zero Billion Dollar markets," highlighting their massive potential for early entrants, with Airbnb and Pacaso exemplifying success.
OMERS Ventures is conducting a survey with Mosaic and others to create benchmarks for vertical SaaS businesses, helping founders understand goals and investor criteria.
Despite an 80% drop in Q1 2024 proptech funding, government housing funds remain strong, with startups like Foyer, Home Lending Pal, Afford Lending, Incentifind, and Roam enhancing access to public programs and subsidies.
The GEM Proptech Index had a combined market cap of $231.436B, a 1.19% decrease from the previous week.

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