"The US VC market is the worst performing of all VC markets across the world in terms of financial performance."
In today's episode of Bricks, Bucks and Bytes, we got to learn about BuildOps securing $127 million in Series C funding and achieving unicorn status with a $1B valuation.
We also explored the structural differences between US and European contractor software markets, where European contractors are typically smaller and 5-10 years behind in software adoption compared to their US counterparts.
Additionally, we gained insight into how fund size impacts investment strategy, with smaller VC funds avoiding obvious competitive spaces that larger funds eagerly pursue.
Tune in to find out about:
✅ Why BuildOps and Service Titan succeed with modular software for contractors
✅ How SaaS business models justify higher valuations than traditional services
✅ Why European construction software is following a roll-up strategy
✅ The difference between investing in "the business" versus "the share price"
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Chapters
00:00 Introduction and Recent Developments
04:50 BuildOps: A New Unicorn in Construction Tech
19:06 Comparing BuildOps and ServiceTitan
27:49 Valuation Insights and Market Dynamics
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