"Venture capital in PropTech increased 82X from $200M to $15B in just 15 years - but is VC money right for construction tech founders right now?"
In today's episode of Bricks, Bucks and Bytes, we got to learn about J.P. Bowgen's journey from AlphaSites to Macy's corporate innovation team to becoming a partner at Camber Creek.
We got to learn about how Camber Creek de-risks investments by testing startups with their 300+ real estate and construction LP network before investing.
Also, we learned about J.P.'s hot take that PropTech and ConTech might not actually be mature enough for venture capital money right now - with only 1 in 4 companies spending more than 1% of revenue on digitization.
Tune in to find out about:
✅ How Camber Creek operates as an "outsourced R&D department" for real estate companies
✅ Why construction tech is 5-7 years behind PropTech but might soon leapfrog it
✅ The shift in ConTech companies selling upstream to owners instead of just GCs
✅ The importance of personal brand building for VCs
Listen now on Spotify to hear the full conversation with J.P. Bowgen.
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Chapters
00:00 Introduction and Personal Updates
01:10 Journey into Venture Capital
05:30 Transition from Macy's to Camber Creek
14:51 Establishing a Presence in Europe
16:23 Camber Creek's Investment Thesis and Origins
18:29 The Digital Transformation of Real Estate
19:55 De-risking Investments through Strategic Engagement
21:21 The Role of Strategic Investors in Venture Capital
23:41 Navigating the Landscape of Venture Capital
26:26 The Importance of Media in Deal Flow
30:29 Building a Personal Brand in Venture Capital
33:41 Opportunistic Investing in PropTech and Construction Tech
37:30 The Shift in Technology Adoption in Construction
39:36 Debunking Misconceptions about Venture Capital
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