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Zach Aarons talks pouring gasoline on a proptech fire

Written by CRETech | Jun 5, 2019 12:00:23 PM

Speaking at The Real Deal‘s 12th annual New York Showcase, MetaProp co-founder Zach Aarons said many prop-tech startups make it to the Series B funding stage because they’ve demonstrated they can raise gobs of money in short windows. But investors have a philosophical struggle: offer them more money and hope they can become the next Facebook, or accept the niche status and essentially pour “gasoline on a fire that’s just puttering,” he said. “And, by the way, could putter on forever and be a great business, but is not going to be a high-growth venture capital business.”