In today’s episode, we have Patric Hellermann, General Partner at the largest global early stage investor in construction technology - Foundamental. Patric explains the 30bn opportunity in construction tech, the past and future models of unicorns, and how VC in the world of construction operates. Tune in to find out about: How VC funding in construction tech is defying the recession-hit VC ecosystem, showcasing opportunity and resilience unlike other sectors The existing and future models of unicorn construction tech startups What shapes the VC world in construction; from exceptional investors through to founder-fit, and what happens when a company begins to fail Patric’s favorite investors and his way of staying creative while managing a career in VC ---------------------------------------- Patric Hellermann | General Partner at Foundamental —------------------------------------- This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future. Visit: https://maketheshft.digital Timestamps: (00:00:00-00:03:18) Intro (00:03:18-00:06:32) How to Create a Venture Capital Company (00:06:32-00:40:22) Funding Statistics in Construction (00:40:22-01:07:57) Unicorns in Construction Tech (01:07:57-01:11:17) Difference Between Private Equity and Early Stage VC (01:11:17-01:15:59) How the Due Diligence Process Looks Like (01:15:59-01:22:39) Differences in VCs in Construction and Other Industries (01:22:39-01:42:07) Audience's Questions (01:42:07-01:42:52) Outro