We're honored and excited to be named among these other great new companies as notable players in the CRE Tech market. 2014 is going to be great year of rapid growth for CompStak, and we're looking forward to sharing it with our community.
December 31, 2013
I love tech – that’s pretty obvious. When you’ve seen as many tech startups as I have pitch, some of which I have been mentor to over the last few years, you develop a sense of what works and what (sometimes) embarrassingly doesn’t.Here’s my list of 10 real tech to watch in 2014 in no particular order. Those that made the list were assessed based on their tech, customer strategy, partnerships, potential for revenue and to some extent, my level of excitement on how they will dramatically change the way real estate is done.
1. REALTY MOGULIf you haven’t heard about crowdfunding in real estate then you must have been sleeping under a rock for most of the year. Since launch, Realty Mogul have been the first to crowdfund a shopping center. To date, their platform has raised close to $10M in deals with almost $700K already returned to investors. They’ve done a lot to help the real estate crowdfunding concept gain mainstream attention and momentum. Kudos to their CEO, Jilliene Helman for the miles she’s flown this year.
3. COMPSTAKThis 500 Startups accelerator graduate funded by Dave McClure is already very well known. The platform provides faster access to commercial real estate information and earlier this year, they won the NYC Real Estate Expo Tech Challenge. Having proved the model in NY, they have grand expansion plans throughout the US for 2014.
4. REALTYSHARESAnother 500 Startups accelerator attendee, this crowdfunding platform has already funded 2 socially good real estate projects that were part of the National Community Stabilization Trust Program. The platform has also raised $200,000 for 2 separate investment properties in less than 24 hours. Try doing that the traditional real estate fundraising way with phone calls. Yup.
5. WEGOWISEI’m a sucker for being environmentally responsible and the best thing about this business is that it helps investors save money also by increasing the energy efficiency of buildings by decreasing the cost of their utilities bill. They even have full blog with case studies on how to do all this, which is another thing I’m a fan of – education.
8. 42 FLOORSThe Airbnb for office space. They’re set to expand into other cities. There are a lot of office space listing services now. Why does this platform lead the way? Their user interface and experience is, well, beautiful and seamless. I like logging onto their website when I’m looking for office space, the same way I like exploring Airbnb for finding somewhere to sleep.
9. VISUAL LEASEIt’s a document management system, CRM, project management platform – all rolled into one. With all its technical capability, it has not compromised on user interface and user friendliness and let’s be honest, no one likes managing their information so the less time spent on doing this, the more time you could be out there doing deals.
10. ZONDAThere’s only one thing sexier than tech and that’s tech with data (yes, I’ve said it). Ask any savvy real estate investor or builder and they’ll tell you just how painfully difficult it is spending hours researching for accurate, up-to-date demographic info. This app is about to change all of that and their latest release even includes detailed school test scores for California, Texas and Florida.