Weekly Radar #317: Insertion Of A Machine Soul, Feel Good Neighborhood Testbed, Getting Away With Investor Financing
In this Weekly Radar, we cover:
- Doorvest acquired Getaway to create a vertically integrated platform for managing investment properties. Although skepticism remains regarding the financial benefits for Getaway's investors, future wealth management divisions inside brokerages will serve as a sizable potential customer acquisition channel.
- Resilience hubs are key community centers that can be supported by property technologies and are an excellent pilot opportunity for Proptech companies.
- Software with a Soul (SwaS) is the next frontier in AI, emphasizing human-like qualities such as creativity and empathy, with potential applications in real estate and startup ecosystems.
- The GEM Proptech Index had a combined market cap of $233.555B, a 3.82% increase from the previous week.
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Geek Estate Blog Recap:
Jonathan Klein
Geek Estate Team
Geek Estate Team
Geek Estate Team
Geek Estate Team
Transmission Recap:
Most recently, Drew Meyers ponders the future of AI home search. Previously, Drew Meyers provided an example of an agent with an irreplaceable value proposition, positing that technology alone cannot replicate the true advocacy, knowledge, and nuanced empathy that come with buyers agency.
BUILT WORLD
GETTING AWAY WITH INVESTOR FINANCING
By: Drew Meyers
Investment platform Doorvest acquired Getaway, with the goal of "offer[ing] customers a truly end-to-end experience with the launch of Getaway’s financing products," according to a press release. Getaway brings 34,000 investor customers to the table, and the thinking is that "the combined forces [will] create a vertically-integrated, all-in-one platform for sourcing, financing, transacting, and managing investment properties."
My hunch is this is a straight we're better together than alone deal, given the shared target customer segment. I can't imagine it was a lucrative outcome for Getaway's investors.❇️ When brokerages finally get around to creating wealth management divisions❇️, following ❇️Compass' recent lead❇️, an end-to-end investment offering will be required. Those wealth management divisions are likely to be Doorvest's most viable customer acquisition channel.
CLIMATE
FEEL GOOD NEIGHBORHOOD TESTBED
By: Logan Nagel
Occasionally, there is an opportunity that is both brain dead obvious and massive. With a 8.5 million Seed in tow, Skyfire launched its "operating layer, delivering critical missing components for AI commerce, including secure wallet access, verifiable Agent identity, and an open payment protocol for service requests, purchasing decisions, and instant transactions without human intervention," according to a press release.