A 3 year path to the rule of 40 for Proptech (get realistic or fail!)
Posted by Morgan Carey on
How to think about your next 3 years in pro-tech if you want to raise or sell.
I wrote this blog in the hope that I can help some of the emerging prop-tech companies understand the current cycle of real estate and how they might want to think about their business over the next 3 years.
This article is especially relevant for entrepreneurs looking to raise funding or secure an exit (ie, sell) their prop tech businesses in the next few years.
The real estate market SUCKS right now!
Sales volume and units sold are down pretty much everywhere. High-interest rates and no inventory are creating the perfect storm of terrible for Realtors® and this is leading to many agents leaving the business. For those that remain, (agents, teams, and…
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