Built's Path to becoming a $1.5B Construction Tech Unicorn
Note : This episode is a re-release of an episode that was initially released at Groundbreakers."It turns out in construction and real estate, there's a lot of big problems. There's an abundance of them." - This candid observation from Built Technologies' CEO perfectly captures why construction tech is ripe for disruption.In our latest conversation with Chase Gilbert, he reveals Built's journey from working with three community banks to becoming a construction tech unicorn that processes over $200 billion in annual construction spend. He breaks down the strategic decision to start with lenders and how it became their path to industry-wide transformation.Tune in to discover:✅ Why "following the money" upstream was the key to market penetration✅ How they turned an 11-person process into a 2-person operation✅ The strategy behind reducing loan processing from 5 days to same-day✅ Why being "long-term greedy" is crucial for sustainable growthListen to the full episode on Spotify to hear Chase's complete breakdown of building a construction tech unicorn.-------------Chapters00:00 Intro02:28 Building a Unicorn in Construction Tech05:04 Identifying and Solving Industry Problems06:40 The Genesis of Built Technologies18:16 Revenue Generation and Business Model26:56 The Importance of Following the Money30:52 Efficiency Metrics and Impact on Lenders38:05 The Landscape of Construction Loans40:42 Navigating the Banking Ecosystem44:19 Go-to-Market Strategy for Financial Institutions49:23 Value-Based Pricing Models50:06 Key Lessons in Scaling a Startup53:28 Building and Maintaining Company Culture59:37 Understanding Unicorn Valuation01:11:01 The IPO Journey and Long-Term Vision
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Bricks & Bytes
From Carpenter at 12 to Stanford & Silicon Valley - How Sarah Built an AI to Process Construction Documents & Raised $20M in just 10 Days
"I had my first startup when I was five years old and I stole my parents' Polaroid camera and went to the local fair and sold people on Polaroids."
In today's episode of Bricks & Bytes, we had Dr. Sarah Buchner, founder of Trunk Tools, and we got to learn about her journey from carpenter to tech entrepreneur, the challenges of unstructured data in construction, and how AI is revolutionizing the industry.
Tune in to find out about:
✅ How Trunk Tools is building the "brain behind construction"
✅ The staggering amount of documentation in a typical construction project
✅ Why most construction tech fails to gain adoption
✅ How AI agents are automating bureaucratic tasks in construction
Listen now on Spotify to hear Dr. Buchner's insights on the future of construction technology and how Trunk Tools is empowering builders to focus on what they do best.
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Bricks & Bytes
A Product Manager's Guide to Building Hardware for Construction Sites - Emidio Piermarini
"I can't make that journey all the way to that facility and write up for you in a Notion board what it's like. You have to go to a construction site to really understand how busy people are."
In today's episode of Bricks and Bytes, we had Emidio Piermarini, and we got to learn about the challenges of product management in construction tech, the importance of physical solutions for physical problems, and the value of embracing negative feedback... and many more!
Tune in to find out about:
✅ The journey from structural engineering to product management
✅ How Converge is revolutionizing precast concrete tracking
✅ The limitations of software-only solutions in construction
✅ The potential for performance-based contracts in construction tech
Listen to the full episode on Spotify to gain insights into the future of construction technology and the importance of bridging the gap between digital solutions and physical realities.
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BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.
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Bricks & Bytes
The Underdog Story of Construction's Hottest Startup
What would you risk to pursue your dream? For Tom Deane, it meant everything - even if it meant putting in his last penny to go all-in on a bold vision.
In this must-listen episode, Tom Deane, Co-Founder of Project Mark shows us what it really takes to be successful in the startup world.
He takes us behind the scenes and pulls the curtain on the story behind Project Mark - his innovative Construction-CRM platform. You'll also hear how he and his co-founders bootstrapped just $1,500 into an initial $500,000 before raising a staggering $3 million in seed round.
Hear how Tom’s ability to tell a story well made all the difference.
You'll also learn:
• How to craft a pitch that delivers investment
• How to identify and partner with the right VC for long-term success
• Usual pitfalls that derail fundraising efforts (and how to avoid them)
• How Project Mark empowers construction businesses to win more bids
• How struggle and perseverance are key to success
• What's possible when you go all-in on your entrepreneurial dreams
And much more ..
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This episode is brought to you by Shft—the BIM partner you need to fill the gap in your digital skills and tackle your BIM needs, end-to-end.
Visit: https://maketheshft.digital
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Timestamps:
(00:00:00-00:02:27) Intro
(00:02:27-00:10:11) About Tom'e Journey and ProjectMark
(00:10:11-00:26:05) Top 50 ConTech Startups in 2024
(00:26:05-00:30:33) How To Build relationship with VCs
(00:30:33-00:41:09) Pre & Post Funding Scenarios
(00:41:09-00:48:32) Silicon Valley As An Entrepreneur Ecosystem
(00:48:32-00:49:39) Outro
2026 Construction Industry, $3 Billion Construction Tech Exits, Canvas Robotics Acquired, Pre-Con Debates & LinkedIn Content Crisis
Is $3 Billion the New Normal for Construction Tech Exits?In this episode of Bricks, Bucks & Bytes, Owen, Patric, Martin, and Dustin kick off 2026 with hot takes, bold predictions, and a no-holds-barred discussion on what's really happening in construction tech.What we cover:The 2026 construction industry trends everyone's talking about (data centers, manufacturing plateaus, and the office market reality)Why LinkedIn has become a wasteland of AI-generated garbage and what actually works nowPatric's spicy prediction: "$3 billion exits in construction tech in 2026"The great pre-construction debate: Can you really reduce years of work to minutes?Why most tech companies are marketing to VCs instead of actual customers (and how to spot the BS)Canvas Robotics gets acquired by JLG - what this means for the robotics waveSteve Dellorto from ConCntric joins to talk about his 26 years at Clark Construction and why pre-con is brokenThe most ridiculous products from CES 2026 (AI-powered hair clippers, anyone?)A heated debate on socialism, taxes, and why New York's mayor might be the worst businessman in AmericaKey quote: "It was never easier to start a business, but it was also never more difficult to build a great business." - PatricOur Sponsor:Aphex is the multiplayer planning platform where construction teams plan together, stay aligned, and deliver projects faster – check out aphex.coArchdesk - “The #1 Construction Management Software for Growing Companies - Manage your projects from Tender to Handover” check archdesk.comBuildVision - streamlining the construction supply chain with a unified platform - www.buildvision.ioChapters00:00:00 Intro00:01:09 Introduction to 2026 Construction Trends 00:04:09 CES Conference Highlights and Innovations 00:07:08 Shifts in Construction Project Types 00:10:21 The Impact of Social Media on Industry Trends 00:13:13 The Evolution of Content Creation and Marketing 00:16:09 The Future of Business Models in Tech 00:19:21 The Role of People in Business Success 00:22:09 Reflections on Quality in Content and Business 00:25:15 Closing Thoughts and Future Directions 00:28:26 Trends in Construction Mergers and Acquisitions 00:31:49 The Impact of Tariffs and Supply Chain Localization 00:35:34 Global Economic Shifts and Their Effects on Construction 00:40:02 The Rise of Offsite Manufacturing in Construction 00:43:03 Advancements in Robotics and AI in Construction 00:48:03 Green Building Mandates and Energy Challenges 00:53:38 Innovations in Pre-Construction Technology 00:59:47 Transitioning from Construction to Tech 01:01:14 Building Effective Teams in Tech 01:02:49 Customer Engagement in Tech 01:04:24 Project-First Focus in Construction Tech 01:06:16 The Reality of Pre-Construction 01:07:36 Building for Builders 01:09:01 Ridiculous Innovations from CES 01:16:07 Best Recent Purchases
A $100,000+ Christmas party, strip clubs as corporate bonding, and a secret betting ring—this is how construction tech really celebrates.In this episode of Bricks, Bucks & Bytes, hosts Owen, Martin, and Dustin close out 2024 with Santa hats, sick days, and the unfiltered truth about the AEC industry's wildest traditions.In this festive year-end special, you'll hear about:The two-week closed beta of their AEC prediction market experiment and why it's harder to execute than anyone expectedDustin's legendary Building Connected Christmas party where they blew over $100K knowing they were about to get acquired (casino night, no budget limits, zero regrets)Why construction industry Christmas parties always end with at least one fight and HR scrambling the next dayEquipment Share's IPO filing and why 2026 could see three major AEC tech companies go publicThe leaderboard drama where Dustin bet big on himself for "best looking host" and actually won"I don't know if that time will ever come again because money was treated very differently." – Dustin DeVan on Silicon Valley's glory daysThe crew signs off until January 8th with holiday cheer, confession-booth honesty, and predictions for an even wilder 2026.Our Sponsor:Aphex is the multiplayer planning platform where construction teams plan together, stay aligned, and deliver projects faster – check out aphex.coArchdesk - “The #1 Construction Management Software for Growing Companies - Manage your projects from Tender to Handover” check archdesk.comBuildVision - streamlining the construction supply chain with a unified platform - www.buildvision.ioChapters01:06 Holiday Cheer and Predictions 03:52 Exploring Prediction Markets06:50 Reflections on Christmas Parties 09:45 Media Influence and Public Sentiment 12:37 Personal and Company Growth in 2025 18:01 Looking Ahead to 2026 in Construction Tech 25:16 The Software Selection Dilemma 27:07 The AI Landscape in Construction 28:34 Anticipating Acquisitions in 2026 31:20 The Great Debate: Cloud vs. Desktop Solutions 38:58 Innovative Marketing in Construction Tech 50:36 The Risk of Bold Marketing in AEC 52:50 Building Effective Marketing Teams for Startups 55:05 Navigating Marketing Strategies for Startups 56:34 Insights on Rebranding Strategies 57:52 The Future of Marketing in AEC 01:00:23 Debate Recap: AI in Construction Estimating 01:07:12 Christmas Traditions and Predictions for 2026
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Bricks, Buck$ And Bytes
OpenAI Turner Mega Deal, OpenSpace Buys Disperse, Government Shutdown Impact on Construction & Startup Valuation Truth Bombs
In this episode of Bricks, Bucks & Bytes, Owen, Martin, Patrick, and Dustin break down what happens when a fully remote startup brings everyone together IRL—plus two major construction tech deals that have everyone talking.Dustin opens up about Ediphi's first all-hands offsite (spoiler: his team didn't win the escape room), before the crew dives into the chaos of government shutdowns and what they actually mean for construction.Then things get spicy with the OpenAI x Turner deal that's got LinkedIn in a frenzy, and Jeevan from OpenSpace and Oli from Disperse join to talk about their recently announced acquisition.Topics covered:Why company offsites are worth every penny for remote teamsThe real cost of government shutdowns on construction projectsTurner's $30M OpenAI deal and what it means for GCsInside the OpenSpace + Disperse acquisitionThe uncomfortable truth about startup valuations and M&A"You're not worth that much money when you raise at 30 million or 50 million. You're not truly worth that. It's buying a future." - Dustin DeVanPlus: Owen debuts the new Bricks & Bytes merch, Dustin reveals his founder health transformation (no Ozempic involved), and the team debates whether construction tech is ripe for consolidation.Our Sponsor: Archdesk - “The #1 Construction Management Software for Growing Companies - Manage your projects from Tender to Handover” check archdesk.comBuildVision - streamlining the construction supply chain with a unified platform - www.buildvision.ioAphex is the multiplayer planning platform where construction teams plan together, stay aligned, and deliver projects faster – check out aphex.coChapters00:00 Intro01:43 Introduction to Company Offsites 07:46 The Importance of Company Offsites 11:42 Government Shutdown in the U.S. 21:00 Turner Construction's Deal with OpenAI 24:20 Exploring OpenAI's Impact on Construction 27:18 The Challenges of Implementing AI in Estimation 29:53 Creative Commercial Deals and Revenue Sharing 31:19 The Role of AI in Streamlining Workflows 34:38 Standardizing Processes for Effective AI Integration 38:58 The Future of Legal Services in the Age of AI 42:21 The Human Element in Legal and Engineering Services 49:34 The Acquisition Journey: From Partnership to Integration 53:03 Leadership Changes and Strategic Growth 57:09 Product Roadmap and Customer Experience 1:00:05 Navigating Competition in Construction Tech 1:01:55 Future of Acquisitions in Construction Tech
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Bricks, Buck$ And Bytes
PlanGrid Founders Return to Construction, 27% of GCs Using Personal Funds, $9.2M Nextlight Raise, AI Go-To-Market Race, with Will Mitchell from Rabbit
27% of contractors are using PERSONAL MONEY to keep their businesses alive—and it's worse than you think.In this episode of Bricks, Bucks & Bytes, Owen, Dustin, and Martin break down the biggest shakeups in construction tech, from the PlanGrid founders' surprise return to AI, to the shocking payment crisis threatening to sink contractors across the industry.We’re joined by Will Mitchell from Rabbit, David from Nextlight, and Vardhan Mehta from Aislab to unpack what's really happening in construction payments, energy efficiency, and materials management.Key Topics:Tiger Eye's big pivot: Why Tracy Young and Ralph Gootee are bringing AI back to construction after PlanGridThe AI arms race: Will there be one winner or will construction tech fragment like consumer markets?Rabbit's 2025 Construction Payments Report: 44% of firms are getting paid late and 20% hit negative cash flowThe personal finance nightmare: Why nearly 1 in 3 GCs are dipping into their own pockets to cover payrollNextlight's $9.2M Series A: How smart window coatings can slash building energy costs by 25%Aislab's $13.5M raise: The two-sided marketplace that's won over half the top 100 AEC firms"None of these companies are building their own foundational models. They're using other people's models. So I think it's going to be a go-to-market race." — Dustin DeVanSponsors:BuildVision - streamlining the construction supply chain with a unified platform - www.buildvision.ioArchdesk - “The #1 Construction Management Software for Growing Companies - Manage your projects from Tender to Handover” check archdesk.comAphex is the multiplayer planning platform where construction teams plan together, stay aligned, and deliver projects faster – check out aphex.coChapters 00:00 Intro01:30 Introduction to New AI Player in Construction 04:16 Trimble Dimensions: Key Takeaways 07:10 The Future of AI in Construction 10:11 Trimble's Innovations and Market Position 12:56 Challenges in Construction Payments 15:50 Insights from the 2025 Construction Payments Report 38:35 The Challenges of Payment Processes in Construction 41:46 Incentives for Faster Payments42:44 The Impact of Payment Delays on Project Costs 45:26 Innovations in Payment Solutions 48:26 Advancements in Energy Control Coatings 51:22 The Future of Coating Technologies 57:17 The Role of Patents in Tangible vs. Software Businesses 59:10 Building a Robust Materials Management System 01:09:06 Funding and Growth Strategies for Startups
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