Is the $390M AECOM-Consigli Deal Actually Worth It? (And Why Everyone Has an Opinion)
In this episode of Bricks, Bucks & Bytes, Owen, Martin, and Dustin dive into the construction tech industry's hottest acquisition while unpacking what it means for the future of AEC software.
Key topics discussed:
The AECOM acquisition of Norwegian AI startup Consigli for $390M and whether the valuation is justified
Engineering consultancies buying software startups: smart strategy or risky bet?
Dustin's firsthand experience with acquisitions and what actually happens post-deal
The hidden challenges of integrating AI software into traditional construction firms
Out-of-the-box LLMs vs. custom-built AI: which wins for construction takeoffs?
Announcing the AEC Prediction Market closed beta (launching December 8th)
"The level of precision that these models are gonna reach is gonna far exceed even what you would do on your own at some point. And it's very, very close anyway." – Dustin DeVan
Plus: Why Owen's satirical LinkedIn post about the deal went viral, Dustin's impressive turkey trot performance, and the upcoming debate between Luigi and Powers on whether general AI models can truly replace specialized construction tools.
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Chapters
00:00 Intro
01:24 Introduction to Live Streaming Challenges
07:24 Discussion on AECOM's Acquisition of Consigli
19:19 The King Making Strategy in VC Investments
24:22 Funding Strategies in Competitive Markets
26:26 The Challenges of Venture Capital
29:19 Navigating Market Pressures and Investment Timing
31:40 UK Construction Market Trends
34:19 US Construction Landscape and Economic Outlook
36:10 Innovations in Construction Technology
38:07 The Future of Robotics in Construction
41:10 Landing Page Strategies for Startups
50:48 The Importance of Visuals in Product Presentation
53:14 Building Trust Through Social Proof
53:56 Effective Website Design Principles
55:51 The Role of Terminology in Industry Credibility
59:07 Innovative Approaches to AI in Construction
01:02:53 The Upcoming LLM Debate
01:09:20 Launching the AEC Prediction Market
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