NEW YORK CITY-The wellspring of new real estate technology companies has venture capitalists excited— but also cautious following the recent lesson from WeWork’s flopped initial public offering, as they watched the co-working company’s valuation deflate and stunted cash flows on the front lawn.
Now, investors are strict about profitability with growth as the cherry on top as the market perception is that the ten-year bull run will end, according to a CREtech New York 2019 panel dubbed “Convincing the skeptics – the great proptech debate.”