How PropTech Startups Can Move the Needle in 2020

2019 was a riveting year for PropTech. Venture investments peaked at $25BN (double that of 2018), acquisitions picked up (a handful at >10x revenue multiples!), unicorns emerged (VTS), and valuations hit new highs. While one PropTech titan wound down its IPO (WeWork), another is getting ready for the hottest IPO of 2020 (AirBnB). The cycle is hitting a dizzying pace. Five years ago, when we both entered the space, the term “PropTech” would earn you confused looks from techies and real estate vets alike. While other industries were getting disrupted by cloud computing, mobility & SaaS solutions, and social networking – real estate felt like the frontier.