Hello #San #Francisco, Hello Venture West 2024 Conference fromΒ BuiltWorlds!
Last week, Simon Ryschka, responsible for our New Ventures business in the US got a chance to visit Venture West 2024 together with our CEO Nils Wagner.
The most relevant takeaways? Here we go!
π‘ As the #Construction #Tech Vertical matures, we now observe companies and early investors seeking for an "exit strategy." They are searching for strategic or private equity buyers capable of elevating solutions to the next level in terms of market access, scale, and technological advancement. What does this mean for corporations? Well, they must identify the appropriate champions within their organization to lead discussions from a strategic standpoint and raise awareness for the startup within their organization.
π Navigating towards Net-Zero in the Built environment: Enhancing sustainability within the built environment remains a vast realm of opportunity for startups and innovators across hardware and software domains.
π° Corporate venture capital (CVC) arms wield a unique power in today's Construction Tech landscape, offering startups an edge through their deep industry knowledge and connections. It's reassuring to recognize the pivotal role CVCs can play in startup triumphs. To foster mutually beneficial outcomes for investors and founders alike, CVCs should retain observer status and a stake that permits subsequent funding rounds from other venture capitalists or strategic backers. With a strategic approach, corporate innovation, corporate venturing, and construction technology can flourish harmoniously.
Great conference, talks and most important: Diving into this mature ConTech community with well estabslished rules and networks.