

A friend of mine flipped me this New York Times article today talking about the rapidly growing interest in proptech and about Opendoor – a topic and a company that I have written about


A friend of mine flipped me this New York Times article today talking about the rapidly growing interest in proptech and about Opendoor – a topic and a company that I have written about


A friend of mine flipped me this New York Times article today talking about the rapidly growing interest in proptech and about Opendoor – a topic and a company that I have written about
Here’s a snippet about proptech:
The hauls are part of a race by investors to pour money into technology for real estate, or what Silicon Valley now calls proptech. Having watched tech start-ups upend old-line industries like taxis and hotels, venture capitalists are casting about for the next area to be infused with software and data. Many have homed in on real estate as a big opportunity because parts of the industry — like pricing, mortgages and building management — have been slow to adopt software that could make business more efficient.
On the Opendoor front, which is the largest/most valuable company in the proptech category, they have now raised over $1 billion. By the end of this year they plan to be in 22 cities across the United States.
Interestingly enough, they have started experimenting with other business models, beyond just buying and flipping homes. They now circumvent agents and sell some homes directly to customers.
But Eric Wu, the CEO of Opendoor, believes that you can’t automate proper advice and so that will remain. The role of agents is simply about to shift from “administration” to that of “advisory”.
I have been arguing for years that the home buying and selling process is ripe for change. And what we are seeing today is really the start of that.
According to the NY Times, real estate tech startups raised $3.4 billion in funding last year. Some firms, such as Fifth Wall Ventures, are entirely dedicated to the space.
This is money betting on change.
Photo by Grant Lemons on Unsplash

Economists at Facebook, Harvard, Princeton and NYU recently analyzed anonymous Facebook data in order to study our social connectedness. The New York Times’ Upshot wrote about it here and it is a must read.
There are a number of interesting takeaways from the study. One of them is that geography, distance, and political boundaries actually matter a great deal when it comes to our connectedness.
In other words, Americans are more like to be connected to someone nearby – within county or state boundaries – than they are to someone further away who may be infinitely more similar. This may seem somewhat intuitive.
But at the same time, having a dispersed network also suggests certain things. Here’s the relationship that they discovered:
These networks are important in part because of other patterns that are correlated with them. Counties with more dispersed networks — where a smaller share of Facebook friends are located nearby, or among the nearest 50 million people — are on average richer, more educated and have longer life expectancies. Places that are more closely connected to one another also have more migration, trade and patent citations between them.
Counties that are more geographically isolated in the index are more likely to have lower labor force participation and economic mobility, and they have higher rates of teenage births. Some of the most economically distressed parts of the country appear to be the most disconnected: Among the 10 U.S. counties with the highest share of friends within 50 miles, six are in Kentucky.
Again, it is worth checking out the full article. There’s also an interactive map to play around with.
Reed Kroloff has a noteworthy piece in the New York Times talking about how architecture is no longer just a ‘gentleman’s profession’. Though less than a third of AIA (American Institute of Architects) members are females, “offices led or owned by women are creating an ever-wider range of public buildings that address architecture and urbanism in new and invigorating ways”, says Kroloff.

I am thrilled, but not surprised, to see Jeanne Gang of Studio Gang on the list (pictured above). Her firm is the design architect behind our One Delisle proposal. And I was also happy to see Magui Peredo of Estudio Macias Peredo on the list. She is based in Guadalajara and, if you aren’t familiar with her work, I recommend you check it out. I love the materiality of it.
Image: New York Times
Here’s a snippet about proptech:
The hauls are part of a race by investors to pour money into technology for real estate, or what Silicon Valley now calls proptech. Having watched tech start-ups upend old-line industries like taxis and hotels, venture capitalists are casting about for the next area to be infused with software and data. Many have homed in on real estate as a big opportunity because parts of the industry — like pricing, mortgages and building management — have been slow to adopt software that could make business more efficient.
On the Opendoor front, which is the largest/most valuable company in the proptech category, they have now raised over $1 billion. By the end of this year they plan to be in 22 cities across the United States.
Interestingly enough, they have started experimenting with other business models, beyond just buying and flipping homes. They now circumvent agents and sell some homes directly to customers.
But Eric Wu, the CEO of Opendoor, believes that you can’t automate proper advice and so that will remain. The role of agents is simply about to shift from “administration” to that of “advisory”.
I have been arguing for years that the home buying and selling process is ripe for change. And what we are seeing today is really the start of that.
According to the NY Times, real estate tech startups raised $3.4 billion in funding last year. Some firms, such as Fifth Wall Ventures, are entirely dedicated to the space.
This is money betting on change.
Photo by Grant Lemons on Unsplash

Economists at Facebook, Harvard, Princeton and NYU recently analyzed anonymous Facebook data in order to study our social connectedness. The New York Times’ Upshot wrote about it here and it is a must read.
There are a number of interesting takeaways from the study. One of them is that geography, distance, and political boundaries actually matter a great deal when it comes to our connectedness.
In other words, Americans are more like to be connected to someone nearby – within county or state boundaries – than they are to someone further away who may be infinitely more similar. This may seem somewhat intuitive.
But at the same time, having a dispersed network also suggests certain things. Here’s the relationship that they discovered:
These networks are important in part because of other patterns that are correlated with them. Counties with more dispersed networks — where a smaller share of Facebook friends are located nearby, or among the nearest 50 million people — are on average richer, more educated and have longer life expectancies. Places that are more closely connected to one another also have more migration, trade and patent citations between them.
Counties that are more geographically isolated in the index are more likely to have lower labor force participation and economic mobility, and they have higher rates of teenage births. Some of the most economically distressed parts of the country appear to be the most disconnected: Among the 10 U.S. counties with the highest share of friends within 50 miles, six are in Kentucky.
Again, it is worth checking out the full article. There’s also an interactive map to play around with.
Reed Kroloff has a noteworthy piece in the New York Times talking about how architecture is no longer just a ‘gentleman’s profession’. Though less than a third of AIA (American Institute of Architects) members are females, “offices led or owned by women are creating an ever-wider range of public buildings that address architecture and urbanism in new and invigorating ways”, says Kroloff.

I am thrilled, but not surprised, to see Jeanne Gang of Studio Gang on the list (pictured above). Her firm is the design architect behind our One Delisle proposal. And I was also happy to see Magui Peredo of Estudio Macias Peredo on the list. She is based in Guadalajara and, if you aren’t familiar with her work, I recommend you check it out. I love the materiality of it.
Image: New York Times
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