Journey From Carpentry to ConTech CEO That Raised $13.6 Million | Fraser Patterson
How do you go from dusty job sites to a Silicon Valley boardroom?
In this episode, we meet Fraser Patterson - Founder and CEO at Skillit, a New York based con-tech company that’s changing the way construction businesses find skilled workforce.
His journey began in a Hogwarts-like boarding school in Scotland. After finishing education, he became a carpenter, where he came face-to-face with the frustrations of outdated hiring practices in the construction industry. This sparked the Aha moment. He found Skillit, an online platform helping construction businesses find skilled workers from the palm of their hands. The concept attracted millions in venture capital.
Fraser's success is proof that technology is starting to replace the rusty old ways of construction. He shows that groundbreaking ideas can come from anywhere, and the right mix of research, audacity, and data can bring change to giant industries.
Join us as we listen to Fraser's extraordinary path and get a peek into the future of construction recruitment.
Tune in and learn why:
Data is the new oil. The massive impact of data on long-standing, rigid sectors like the construction industry
Finding the right Founder-Investor Fit is key to long-term success
Progress requires a deep understanding of how the world works, and not just raw brain power
The biggest problems create the biggest opportunities
Innovation begins outside the comfort zone: Why your life-changing idea may come from the most unexpected place
And much more ..
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Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg
Instagram: https://www.instagram.com/bricksbytes/
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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:
(00:00:00-00:02:35) Intro
(00:02:35-00:06:40) Fraser's Journey
(00:06:40-00:16:00) Software As A Business
(00:16:00-00:24:40) How Construction Sector Is Revolutionized
(00:24:40-00:31:25) Make or Break For Someone Building A Product In Construction
(00:31:25-00:49:29) Experience of Raising Money
(00:49:29-00:52:21) Number One Skill That A CEO Should Learn
(00:52:21-00:53:08) Outro
read more
Bricks & Bytes
Big Tech, VC Billions & AI Architects | Martin & Owen Exclusive
"If you could interview one Venture Capitalist in the world, who would it be?"
In today's episode, hosts Owen and Martin sit down and talk about the fascinating intersection of construction, technology, and Big-Money investment. Join them as they look back on their own evolution in a field slow to embrace change.
Martin takes us down the rabbit hole where startups meet venture capitalists. And Owen pulls the curtain on the beginning of Bricks & Bytes - and gives us a glimpse of the future. This is their story: the triumphs, the experts, and the startling revelations.
Tune in and find out:
The funny story of Martin's horror on finding a basement without reinforcement
What’s the much awaited Super Series? What’s in it for startup founders?
Why does Owen think it's still early days for robots?
Are there really NO predefined verticals?
Vinod Khosla is Martin's dream venture capitalist. Why?
All this and a lot more ..
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Get the latest in Construction-Technology, meet the venture capitalists, hear from the founders and join a thriving community.
Sign up for our newsletter at: https://bricksbytes.show
LinkedIn: https://www.linkedin.com/company/bricks-bytes/
X: https://twitter.com/bricksbytespod
Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg
Instagram: https://www.instagram.com/bricksbytes/
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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
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Timestamps:
(00:00:00-00:03:50) Intro
(00:03:50-00:10:30) How Bricks & Bytes Started
(00:10:30-00:16:36) Shift of Bricks & Bytes into Investors and Startup Founders
(00:16:36-00:21:00) Future VCs Guests Coming Soon
(00:21:00-00:27:55) Fun Conversation
(00:27:55-00:28:22) Outro
read more
Bricks & Bytes
Factories in Shipping Containers to Build Houses - Facit Homes
"A £650,000 micro-factory can build 100 homes per year, while a traditional modular factory costing £100M+ struggles to deliver 200 homes annually. The math speaks for itself."
In today's episode of Bricks and Bytes, we had Bruce and Oliver from Facit Homes and Facit Technologies sharing their journey of revolutionizing home construction through digital fabrication and micro-factories. Their approach challenges traditional modular construction, showing how bringing manufacturing to the site can be more efficient and cost-effective.
Tune in to learn about:
✅ Why micro-factories are winning over traditional modular factories
✅ How Facit grew without external investment for 15+ years
✅ The real cost comparison: £2,400 vs £120,000 per house in factory overhead
✅ Why software alone can't solve construction's biggest challenges
Listen to the full episode to understand why the future of construction might be closer to the building site than you think.
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Chapters
00:00 Intro
03:50 Introduction to Facet Homes
06:39 Innovative Manufacturing in Home Construction
09:51 The Microfactory Approach
12:45 Design Philosophy and Flexibility
15:39 Scalability and Customization of Homes
18:52 Target Customers and Engagement Process
21:46 B2B and B2C Dynamics
24:40 Cost Efficiency and Time Savings
27:50 Building Trust in a Skeptical Industry
30:46 Labor and Automation in Construction
33:42 Cultural Changes in Construction
36:40 Future Vision for Facet Homes
44:24 Building the Future: Microfactories and Scalability
47:57 Challenges in Construction: Building a Company
53:51 Investor Perspectives: Overcoming Prejudice in Construction
58:13 Expanding Horizons: Going Beyond the UK
1:06:45 The Evolution of Construction: Modern Methods and Digital Fabrication
1:08:21 Improving Processes: The Future of Construction Technology
read more
Bricks & Bytes
The Race To Net Zero by 2050. Is It Actually Possible?
In a world teetering on the brink of environmental crisis, we go on a journey where hope meets innovation.
In today's episode, we sit down with Anil Sawhney - author of International BIM Implementation Guide and the Head of Sustainability at the Royal Institution of Chartered Surveyors.
In an open chat, Anil delves into the heart of future development, talks about the importance of sustainability in the construction industry – and shows us why it is more critical than ever.
He takes us on a journey to the future, discussing the need for new regulations and standards to drive change, the skill gaps that need to be bridged, the possibility of achieving net-zero emissions by 2050, and much more.
Tune in and find out:
What does "building green" really mean? It's not just about the planet! We need buildings that are good for people, cost less to run, and use fair practices.
How can we build smarter? How to integrate sustainability principles into core work processes – teach builders new ways of doing things and use tech to track how our buildings impact the earth.
Can technology help us make buildings that help the planet? The journey ahead to a net zero by 2050.
Innovation meets hope. Exciting developments in construction technology and digital tools to measure, report and reduce carbon emissions.
To learn more about the future of sustainable development and investment opportunities, sign up for our newsletter : https://bricksbytes.show
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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
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Timestamps:
(00:00:00-00:05:30) Intro
(00:05:30-00:08:45) Future of Construction Tech According to RICS
(00:08:45-00:11:40) Role as a Head Of Sustainability
(00:11:40-00:34:20) How to measure Sustainabiliy in Built World
(00:34:20-00:43:21) Zero by 2050 In Construction
(00:43:21-00:44:44) Outro
$32M Series B: How Stratus is Revolutionizing MEP Workflows
"300 billion dollars for AI infrastructure in the next few years - but who will design and build it all?" - A thought-provoking insight from our latest conversation about the massive construction needs for AI's future.
In today's episode of Bricks, Bucks and Bytes, we learned about Stratus raising $32M Series B to revolutionize MEP contractors' digital workflows.
We explored how tech giants Microsoft, Amazon, and Google are planning to spend $300B on AI infrastructure construction, creating massive opportunities in the data center space.
Through Patric Hellermann's investor lens, we discovered why focusing on core infrastructure and authoring tools might be smarter than chasing AI-first solutions.
Tune in to find out about:
✅ How Stratus is transforming MEP contractor workflows from design to fabrication
✅ The emerging opportunities in data center construction and infrastructure
✅ Why owning authoring tools beats single-point AI features
✅ The strategic advantage of avoiding overcrowded AI-first solutions
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Chapters
00:00 Introduction to Stratus and AI in Construction
05:44 Understanding Stratus: MEP Workflows and Digital Solutions
11:21 The Role of AI in Design and Construction
17:00 The Future of Engineering: Human Touch vs. AI
24:01 Emerging Companies and Innovations in Construction Tech
24:35 Automation in Engineering Workflows
25:50 Massive Investments in AI Infrastructure
27:52 Emerging Startups in AI Data Centers
31:40 The Role of AI in Construction
35:00 Navigating the AI Gold Rush
37:33 The Inefficiency of Venture Capital Allocation
read more
Bricks, Buck$ And Bytes
The Truth About 3D Printed Homes: A Deep Dive Into ICON's $450M Technology
Is 3D printing concrete homes worth the $450M investment?
In today's episode of Bricks, Bucks and Bytes, we got to learn that despite being a $2B company, ICON's 3D printed homes only show a tiny 0.5% carbon advantage over regular timber construction.
We also explored why Q4 2024 was special for construction tech - it grabbed nearly 1% of all VC funding, the second-highest share ever. Even more impressive given that 2024 saw the lowest overall VC funding since 2014.
The most striking insight came from questioning the basics - why use concrete, a material best for large-scale projects, to print single-family homes?
Tune in to find out about:
✅ What's driving Asia-Pacific's growing lead in construction tech funding
✅ Why 3D printed concrete homes struggle in wet climates
✅ Which parts of construction tech are actually getting funded
✅ How early-stage funding stayed strong while growth rounds dropped
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Chapters
00:00 Introduction and Technical Glitches
01:03 Recent News: ICON's Layoffs and Valuation
02:49 Exploring 3D Concrete Printing Technology
05:49 Sustainability Concerns in Concrete Printing
08:59 Comparative Analysis: Concrete vs. Timber Homes
12:04 Challenges in 3D Concrete Printing
14:56 Automation and Efficiency in Home Construction
18:09 Future of 3D Concrete Printing Technology
21:54 Challenges in 3D Concrete Printing
22:56 Market Fit for 3D Concrete Homes
24:04 Impact of Staff Reductions on Valuation
25:47 Understanding Company Valuations and Experiments
27:07 Applications of 3D Printing in Housing
29:02 First Principles of Cost in Construction
30:58 Trends in AEC Tech Funding
39:10 Market Dynamics and Future Predictions
read more
Bricks, Buck$ And Bytes
Building a €450M Construction Tech Giant: How Philip Schröder's Marketing Built Germany's Latest Energy Tech Giant
"Your margin is my opportunity... unless you're selling outcomes in construction tech!"
In today's episode of Bricks, Bucks and Bytes, we explored 1KOMMA5°'s impressive €150M pre-IPO round and their unique approach of acquiring 30+ companies since 2021 to scale their energy tech business.
We also learned about an intriguing debate around whether companies can call themselves "market leaders" in Germany, sparked by a court case between 1KOMMA5° and their competitor.
The most fascinating insight came from Patric's take on fixed vs. variable costs in construction tech: Companies that produce with fixed costs but sell outcomes (variable costs) have a unique opportunity to build generational businesses in construction - but this window might only last 10 years.
Tune in to learn about:
✅ Why 1KOMMA5°'s founder Philip Schröder's marketing genius is their secret sauce
✅ How selling outcomes beats traditional SaaS pricing in construction
✅ Why converting variable costs to fixed costs through automation is game-changing
✅ An innovative structural engineering firm reducing design time by 90%
Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe
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Chapters
00:00 Intro
01:56 Diving into One Comma Five
06:01 Understanding the Solar PV Market
11:59 Investment Insights and Market Valuation
18:03 The Role of Technology in Energy Solutions
24:02 Marketing Strategies and Competitive Landscape
30:12 Future Challenges and Business Models
31:07 The Evolution of Energy Training
32:29 Understanding Fixed vs. Variable Costs
37:38 The Impact of SaaS on Construction
43:34 Exploring IPOs and Market Trends
49:45 Emerging Trends in Construction Technology Sales
read more
Bricks, Buck$ And Bytes
Building a $1.6B Construction Tech Company in Australia - Lessons on Distribution vs Product
"The construction tech founders obsess over product, but distribution might matter more."
In today's episode, we discussed about VisiBuild securing a $6.6M round from Skip Capital to improve construction quality checks - going beyond just turning paper into apps.
We also discovered why Australian construction tech punches above its weight, with just two companies (Aconex and Safety Culture) putting the country third globally in unicorns.
Most valuable was Shubhankar's take on why typical SaaS metrics might not tell the whole story in construction tech's early stages.
Tune in to learn:
✅ Why the "build it and they will come" approach fails in construction
✅ How Australian founders turn their small market size into a global advantage
✅ What makes construction tech distribution different from regular SaaS
✅ Why community building matters as much as features
Listen to the full episode on Spotify to hear practical insights for anyone building or investing in construction tech.
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Chapters
00:00 The Importance of Distribution in AEC Tech
03:05 Execution Moat: The Key to Success
05:59 Navigating Distribution Challenges in Construction Tech
09:08 Market Dynamics: Distribution Strategies for Different ARR Levels
12:04 Global Perspectives: Indian Founders Targeting the US Market
14:49 Comparative Approaches: US vs. Indian Founders in Distribution
18:08 Community Building: A Strategy for Distribution Success
21:00 The State of SaaS in Indian Construction Tech
24:12 VisiBuild: A Case Study in Construction Tech Investment
33:14 Exploring Visibild's Impact in Construction Tech
36:09 The Evolution of Quality Checks in Construction
40:05 Unicorns in Construction Tech: Australia’s Rising Stars
42:58 The Unique Landscape of Australian Startups
47:59 Challenges and Opportunities for Australian Founders
52:57 Assessing Product-Market Fit in Construction Tech