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Mar 14, 2023
In the fifth episode of Season 11 of the Propcast,
host Louisa Dickins is joined by Jeevan Kalanithi, CEO at
OpenSpace and Parker Mundt, Vice
President of Platform at Suffolk Technologies.
Episode Highlights:
OpenSpace’s founding
story
How Jeevan and Parker initially
met and started working together
The concept behind Suffolk
Technologies and the companies they invest into
Open Space’s two products and the
difference between them
How OpenSpace overcame the
challenges when scaling their products
The broad challenges Parker sees
startups facing with new products
How product trends change based on
geographical locations
Parker’s investment predictions
for 2023-24
Current macro trends and what this
will mean for those ready to innovate and be tech forward
The firms involved in the Suffolk
Boost Accelerator Program
Companies that are creating
innovative solutions for sustainability
What steps Open Space are taking
to reduce the ‘eight waste’ on construction sites
Resources:
Shout outs:
Key Takeaways:
They started a company and sold
it, and sure enough, they were working on a capture technology with
these new 360 cameras. When I heard about it, I was like, you know,
who could really use this? Building. – Jeevan
Suffolk has trialled over 180 different tech solutions. We pride
ourselves in being a very forward thinking general contractor who
has a deep desire to innovate within the construction space. –
Parker
We’re building more and more stuff
upon that. It all works because we have a simple capture product
and I think we’ve captured something like 12 billion square feet,
some big number. So it’s a lot of data that allows us to make the
system smarter and more useful for our customers. – Jeevan
I think today we see a lot of
companies that come in and maybe are naive or maybe just a bit out
of touch with what some of the tech solutions in construction in
particular would charge. And that can be a showstopper immediately,
because the folks that you’re selling to are still very focused on
price and schedule, right? Those are the two main drivers in the
construction industry. – Parker
For us we’re really focused on
making sure that the founders feel comfortable at the valuation
that they’re at and not necessarily pumping it up just for the sake
of having a larger valuation. – Parker
We’re at an innovate or die kind
of portion of the life cycle right now where folks who are tech
forward and are looking to see how they can do things better,
faster, cheaper, safer, you know, those folks will emerge as the
industry leaders, as a general contractor. – Parker
We really prioritise reliability
and speed and efficiency with our technology and we hope that
allows our builder customers to do the same. – Jeevan
About Our Host
Louisa Dickins
Louisa
is the co-founder of LMRE, which has rapidly become the market
leading global PropTech recruitment platform and search consultancy
with operations across North America, United Kingdom, Europe and
Asia-Pacific.
To promote the industry she is so passionate about,
Louisa set up the Global podcast ‘The
Propcast’ where she hosts and invites guests from the built
environment space to join her in conversation about innovation.
About LMRE
LMRE is globally
recognised for leading the way in Real Estate Tech & Innovation
talent management.
From the outset our vision was to become a global
provider of the very best strategic talent to the most innovative
organisations in PropTech, ConTech, Smart Buildings, ESG,
Sustainability and Strategic Consulting.
At LMRE we are fully committed at all times to exceed
the expectations of our candidates and clients by providing the
very best advice and by unlocking exclusive opportunities across
our global network in the UK, Europe, North America and
Asia-Pacific.
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