Leading VCs discuss how COVID-19 is impacting real estate & proptech

Several months ago, we surveyed more than 20 leading real estate VCs to learn about what was exciting them most in the real estate tech sector and hear their opinions on proptech trends like co-working, flexible office space and remote office space.

Since we published our survey, COVID-19 has flipped the real estate sector on its head as more companies move toward mandatory remote work, retail businesses are forced to temporarily shut their doors and high-traffic properties thin out. Suddenly, the traditionally predictable world of real estate is more chaotic and unclear than ever.

What are the short and long-term impacts of pandemic-induced volatility? Does this open up opportunities for proptech startups or shutter them? What does this mean from an investing point of view? We asked several of the VCs that participated in our last survey to update us on how COVID-19 is impacting real estate startups, non-proptech companies in general and the broader real estate market overall:

Christopher Yip, RET Ventures

Despite its banner year in 2019, proptech will not be immune to the pressures venture-backed companies face in a market pullback, and we are preparing ourselves and our portfolio companies for a bumpy year.

https://techcrunch.com/?p=1960343

Source: TechCrunch

By:

Andreessen Horowitz has backed Run The World, a startup with a timely offering: live online events
Andreessen Horowitz has backed Run The World, a st ...
Ancestry.com rejected a police warrant to access user DNA records on a technicality
Ancestry.com rejected a police warrant to access u ...
Calling all cosmic startups – pitch at TechCrunch’s space event in LA
Calling all cosmic startups pitch at TechCrunc ...
Disney Plus grabs 28.6 million paying subscribers since launch
Disney Plus grabs 28.6 million paying subscribers ...
Pokémon Go updates: all the news and rumors for what's coming next
Pokmon Go updates: all the news and rumors for w ...
Nikon Z70 could join the company's mirrorless APS-C camera line-up in 2020
Nikon Z70 could join the company's mirrorless APS- ...