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

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

As always, links surrounded by the ❇️ emoji indicate exclusive GEM Diamond content. If you would like to have access to all links, please consider GEM Diamond membership.

Geek Estate Blog Recap:

Pay-at-Close Home Prep Credit Line in Your Pocket
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Notable] Notable provides a pay-at-close line of credit to home sellers, helping them prepare their homes for the market to get a higher ROI. This service allows sellers…
Meet the 2024 Equity Angels Cohort
An accelerator program for companies started by entrepreneurs of diverse demographics providing professional mentorship, fractional executives, and fundraising preparation, Equity Angels announced the 4 companies in their first cohort: Upfront: Provides exclusive financial solutions for brokers to attract and retain top agents. The Studio Home: Leverages…
Unlocking Home Equity with No Monthly Payments
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of GEM Diamond. Today’s showcase: Unlock] Through its Home Equity Agreement (HEA), Unlock allows clients to access their home equity without monthly payments or having to refinance. Homeowners can access between $30,000-$500,000 as…
Meet the 2024 Ivory Prize Winners
An applied academic institution at the University of Utah’s David Eccles School of Business, Ivory Innovations is dedicated to supporting innovative solutions in housing affordability. They recently announced the final Winners for the 2024 Ivory Prize for Housing Affordability. These winners will join the 122 other…
Proptech Job Opportunity: Entrepreneur In Residence at Proptech Consulting
We have a job opportunity to share from a member of GEM Diamond, Proptech Consulting, a strategic growth advisory and digital twin concierge service for the real estate tech industry. Position Overview: As an Entrepreneur In Residence (EIR), you will play a pivotal role in…
2024 REACH LATAM Cohort Announced
Geek Estate is about celebrating entrepreneurship, focused on real estate tech (residential and commercial). The REACH program, backed by the National Association of Realtors and Second Century Ventures, is a big part of the broader ecosystem. This week, the REACH LATAM program announced announced their…

Transmission Recap:
Most recently, Nate Smoyer detailed how creating tailored tools & templates can boost organic traffic and lead generation, positioning your products as a natural next step. Before that, Drew Meyers reflected on his visit to the Culdesac apartment complex in Tempe, the poster child of a car-free future, and ponders what role tech will play in bringing the lifestyle to America.