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Not way back, I questioned whether or not startups may assist remedy the U.S. housing disaster. Now there’s a brand new identify on the town: Airbnb spinout Samara, which simply secured contemporary funding. As for Dig, it obtained acquired not lengthy after I began digging into its class: information safety posture administration. — Anna
The Airbnb playbook
With a scarcity of a minimum of 3.8 million dwellings, the U.S. housing disaster isn’t displaying many indicators of enchancment. Evaluating the state of affairs to what it was only one yr in the past, VC agency Gutter Capital famous that it even worsened in some respects — mainly, funding.
“[I]nvestor curiosity within the housing market, beforehand chilled, has frozen over,” managing accomplice James Gettinger wrote. “Whereas rising rates of interest have been no match for the undersupply of housing, they have been greater than sufficient to scare away enterprise capital traders. We’ve been advised by proptech funds that they solely put money into software program now. Regrettably, software program can’t construct properties.”
In distinction, Gutter Capital nonetheless stands by the thesis it phrased one yr in the past: “There’s a historic alternative right now to put money into companies that speed up the event of housing in america.”