Tech Tools Watch Work-From-Home Staff
Wall Street Journal
Chris Heuwetter never felt a need to monitor the employees of his Florida social-media marketing company. He could glance across his company’s 3,000-square-foot office and see them.
Latest Trends and Insights in Real Estate Technology
Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.
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Google & Apple Bluetooth-Based COVID-19 Contact Tracing: How Does it Work and How Secure is Your Data?
Openpath
On Friday, April 10th, 2020, Apple and Google announced a joint effort and specifications to create a Bluetooth-based contact-tracing application programming interface that they plan to release in mid-May. This technology, they hope, will enable public health authorities to develop apps to track and slow the spread of COVID-19.
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The Wing Aimed to Build a Business on Values. It Was a Struggle Even Before Coronavirus Hit
Wall Street Journal
The Wing was riding high early last year. The network of women-focused clubs and co-working spaces was rolling out new locations around the U.S. and had secured new funding led by venture-capital powerhouse Sequoia Capital.
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TODAY AT 2 PM EST: Preparing the Built World for The New Normal: Part III presented by Openpath
CREtech
The Technology choices you can make right NOW to deploy in your building Details on specific technology that you can deploy right now to get your buildings and offices ready. So this will be a deep dive with a number of different companies and experts on various different technologies you can use as both an occupier and a landlord to get your buildings and office ready. We’re naming names, sharing costs and complexity expectations and giving you a punch list to work through as you try to figur…
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VC Market Pulse: State of the Market Survey
Lauren
Pandemic Disrupts Boom in Real Estate Venture Capital Real Estate Tech VCs have a Low & Dejected outlook over the 3-6 months The real estate tech venture capital market was riding a wave of accelerated growth in the past two years. Record-setting figures in both deal volume and capital had the young industry on track to set new records with impending IPO’s, notable exits and continued capital growth. However, in the wake of the global pandemic and tightening economic conditions, real est…
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SoftBank Says Neumann Plans to Sue Over Failed WeWork Deal
Bloomberg
WeWork co-founder and former Chief Executive Officer Adam Neumann intends to file suit against SoftBank Group Corp. for reneging on a $3 billion offer to buy shares in the co-working company, according to a letter from the Japanese investor’s attorney. …
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INFOGRAPHIC: VC Market Pulse, State of the Market Survey
CREtech
The real estate tech venture capital market was riding a wave of accelerated growth in the past two years. Record-setting figures in both deal volume and capital had the young industry on track to set new records with impending IPO’s, notable exits and continued capital growth. However, in the wake of the global pandemic and tightening economic conditions, real estate tech startups, and their VC sponsors are entering a period of transformation.
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NYTimes: ‘I Don’t Think the New York That We Left Will Be Back for Some Years’
New York Times
It took just a matter of days to shut down New York City, once the coronavirus took hold. Restarting it will take much, much longer. The economic impact in the city from the global pandemic has been striking: Hundreds of thousands are already out of work; at least $7.4 billion in tax revenue is projected to be lost by the middle of next year.
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Coronavirus Forces Tech Startup Founders to Grow Up Fast
Wall Street Journal
Francis Davidson’s biggest challenge last year at his short-term apartment-rental website, Sonder Inc., was fending off a dozen new rivals fueled by a flood of investor capital. It wasn’t the worst problem a 27-year-old could have, as he ran a startup valued at $1 billion.
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Layoffs at Matterport 3D Video Company
The Real Deal
Even with real estate agents now relying on virtual showings, the 3D video company Matterport has cut one-third of its staff. The Sunnyvale, Calif.-based company has slashed 90 jobs, according to the Silicon Valley Business Journal, attributing the layoffs to fallout from the coronavirus pandemic.
