"It's Like Selling Your Baby" | Raw Take on The Buildots-Genda Acquisition
"It took us seven seconds to know that acquiring Genda was the right move."That's what Aviv Leibovici, CPO of Buildots, told us about the moment the deal clicked.In today's episode of Bricks and Bytes, we had Aviv Leibovici from Buildots and Erez Dror, founder of Genda, and we got to learn about why Buildots acquired Genda, how combining visual progress data with workforce tracking creates what they call "productivity intelligence," why the best field data will be the new oil for AI in construction, and the hard truths about building products in this industry... and many more!Tune in to find out about:✅ Why knowing what was built is only half the picture and how workforce data completes the construction puzzle✅ How Genda got tens of thousands of construction workers to voluntarily use an app that tracks their location (the answer is genius)✅ The real reason projects delay and why GCs blaming owner changes is only part of the story✅ Why studying your customers matters more than just listening to them and how both founders approach product development differently than most🎧 Listen now on Spotify!#ConstructionTech #ConTech #RealityCapture #AI #BricksAndBytes #ProductivityIntelligence #Buildots #Genda #ConstructionOur Sponsors: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 Intro01:20 Introduction to BuildDots and Genda 04:16 Understanding Reality Capture and Productivity Intelligence 07:17 The Acquisition of Genda by BuildDots 09:60 The Vision Behind the Acquisition 13:16 Integration of BuildDots and Genda Products 15:50 The Future of Construction Technology 33:31 Understanding Productivity Through Data 40:02 The Reality Capture Landscape 44:30 Competitive Advantages in Construction Tech 51:15 Building Great Products in Construction 58:17 The Role of AI in Product Development
read more
Bricks & Bytes
SaaSpocalypse, $300B Wipeout, Death of SaaS, Bedrock Hits $1B+, Anthropic vs OpenAI, Super Bowl Ads, & Stanford Disability Scandal
$300 billion wiped from software stocks in a single week. Is SaaS officially dead or is this the buying opportunity of a decade?In this episode of Bricks, Bucks & Bytes, Owen, Patric, Dustin, and Martin break down the so-called "SaaSpocalypse" rocking global markets, welcome back Bedrock CTO Kevin Peterson fresh off a massive $270M Series B that puts his autonomous excavator company into unicorn territory, and dissect the hilarious beef between Anthropic and OpenAI playing out on the Super Bowl stage.Topics discussed:The $300B+ SaaS valuation crash and whether it's a death sentence or a market correction back to normalWhy software engineers are now "juicing" with AI coding tools and what that means for the industryBedrock's journey from Series A to unicorn status, their autonomous excavators on real job sites, and why Google's Capital G is backing themWhere smart money is moving as investors flee software stocks (hint: Europe is winning)Anthropic's brilliant Super Bowl ad mocking OpenAI's plan to put ads in ChatGPT and Sam Altman's salty response38% of Stanford students claiming disability for perks and what it says about elite institutions💬 "LLMs are book smart. They've read every forum on Reddit, every book ever published. But when you get out in the field, it's not in the book." Kevin Peterson, CTO of BedrockWatch the full episode now on Youtube. Link in the comments!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.ioChapters00:00 Intro01:26 The SaaSpocalypse: A New Era for Software 04:51 Market Corrections: The Future of SaaS Valuations 07:21 AI's Role in Software Development 18:54 The Evolution of Software Engineering 24:05 Bedrock's Journey: From Startup to Unicorn 30:49 The Future of Autonomous Construction Vehicles 32:54 Customer Perspectives and Ideal Partnerships 34:59 Safety and Supervision in Automation 36:01 Building a Strong Team for Innovation 438:14 Design Considerations for Autonomous Machines 39:40 Investment Trends in Robotics and AI 42:06 The Role of User Interface in Automation 47:20 Investment Strategies in Competitive Spaces 48:24 The Future of Autonomy and AI in Industry 49:35 The Battle of AI Companies: OpenAI vs. Anthropic 56:02 Disability Claims and University Ethics 01:07:06 Super Bowl Predictions and Lighthearted Banter
read more
Bricks & Bytes
AI vs. Software: B&B Fight Night - Kp Reddy Vs Dustin Devan
Should construction companies sort out their data before using AI? Or can AI sort it out for them?We put two heavyweights in the ring to fight it out.In one corner: Dustin DeVan, one of the most decorated CEOs in construction tech. Exited Building Connected for $275M. Now running Ediphi. He's seen $400M liens and knows what happens when your data falls apart in litigation.In the other corner: KP Reddy, serial entrepreneur, founder, investor, and the man with 48 career experiences on LinkedIn (yes, we counted). He's backed by the biggest names in AEC and has been building stuff since he was a kid.Dustin says get your house in order first. He's been through a $400M lien. Messy records in court? Not fun.KP disagrees. Projects end, teams move on, data ends up everywhere. That's just how construction works. AI can make sense of the mess.One thing they agreed on — Excel isn't going anywhere.No punches pulled. No fluff.Who won? You decide.🎧 What's your take — do we need structured systems before AI, or can AI help us build structure from the chaos?00:00 Intro01:00 Introduction to the Debate 03:25 The System of Record: Centralized vs. Decentralized 06:17 The Role of Language Models in Construction 09:18 Understanding Systems of Record 12:14 The Importance of Data Structure 15:07 Ontology and Context in Construction 17:58 The Expiry Date of Data 21:10 Business Building and Venture Capital in AEC 24:05 Excel vs. Cloud Tools 26:54 The Value of Historical Data 30:08 Defensibility in Business Models 33:10 Conclusion and Final Thoughts
read more
Bricks & Bytes
Equipment Share's $6B IPO, AG1 Exposed as "Influencer Heist", Meta's $75B Metaverse Failure, AI Running Your Tinder & Patric's Investment Principles
"Cancel your AG1 subscription... AG1 has no real product substance and is fundamentally an influencer heist."In this episode of Bricks, Bucks & Bytes, Owen, Martin, and Patric dive into the wild world of 24/7 AI agents that can build your startup from bed, manage your Tinder profile, and apparently go rogue with your credit card.What's covered:The Maltbot phenomenon and why AI agents are taking over everyone's timeline (and whether you should let one run your life)Equipment Share's landmark IPO: the first major construction tech exit in years and what their $6B+ valuation means for the industryInside their "Big Short-style" financial engineering with equipment-backed securitiesThe upcoming AEC Fight Night 002 debate: Will AI kill the system of record?Meta's Metaverse abandonment after $75B spent (allegedly)Construction's shrinking labor shortage: what the new numbers really meanRobotics reaching a tipping point with multiple solutions now competing in each tradeHow Panasonic is crashing the price of site scanning technologyA stat that'll make you rethink 3D printing: half of all projects ever happened in 2024Quote of the episode:"I really do not understand the outsourcing of brains. I haven't understood it with social media... and agents is just the next ridiculous iteration of that." — PatricOur Sponsors: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 Intro00:54 The Rise of AI in Everyday Life 03:34 IPO Insights and Market Trends 06:32 AI Agents: The Future of Automation 07:38 Cultural Reflections on Technology and Lifestyle 10:04 Debating the Value of AI in Work 13:02 Ethics and Automation: A Double-Edged Sword 15:53 Real-World Applications of AI Agents 17:59 The Future of AI in Business 20:41 Equipment Share IPO: A Case Study 28:08 IPO Timing and Financial Considerations 30:20 Innovative Financial Solutions in Equipment Rental32:22 Global Applicability of Financial Engineering 33:44 Future Growth Strategies for Equipment Rental Companies 35:22 Market Share Insights in the Equipment Rental Industry 36:47 Understanding Voting Rights in IPOs 38:31 Challenges in Connecting with Founders 39:13 Meta's Shift from Metaverse to AI 41:29 Construction Industry Trends and Worker Shortages 43:42 Advancements in Robotics for Construction 46:40 AI's Impact on Robotics Development 48:29 Cost Reduction in Laser Scanning Technology 51:16 3D Printing Trends in Construction
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 $6.6M round from Skip Capital to improve construction quality checks - going beyond just turning paper into apps.
We also discovered why Australian construction tech punches above its weight, with just two companies (Aconex and Safety Culture) putting the country third globally in unicorns.
Most valuable was Shubhankar's take on why typical SaaS metrics might not tell the whole story in construction tech's early stages.
Tune in to learn:
✅ Why the "build it and they will come" approach fails in construction
✅ How Australian founders turn their small market size into a global advantage
✅ What makes construction tech distribution different from regular SaaS
✅ Why community building matters as much as features
Listen to the full episode on Spotify to hear practical insights for anyone building or investing in construction tech.
-----
Chapters
00:00 The Importance of Distribution in AEC Tech
03:05 Execution Moat: The Key to Success
05:59 Navigating Distribution Challenges in Construction Tech
09:08 Market Dynamics: Distribution Strategies for Different ARR Levels
12:04 Global Perspectives: Indian Founders Targeting the US Market
14:49 Comparative Approaches: US vs. Indian Founders in Distribution
18:08 Community Building: A Strategy for Distribution Success
21:00 The State of SaaS in Indian Construction Tech
24:12 VisiBuild: A Case Study in Construction Tech Investment
33:14 Exploring Visibild's Impact in Construction Tech
36:09 The Evolution of Quality Checks in Construction
40:05 Unicorns in Construction Tech: Australia’s Rising Stars
42:58 The Unique Landscape of Australian Startups
47:59 Challenges and Opportunities for Australian Founders
52:57 Assessing Product-Market Fit in Construction Tech
read more
Bricks, Buck$ And Bytes
Retrofitting Yellow Machines: The $250,000 Labor Cost Savings in Construction
Are robots taking over construction sites? The future of "yellow machines" might surprise you.
In today's episode of Bricks, Bucks and Bytes, we got to learn about Teleo, a startup retrofitting heavy machinery for remote operation and semi-autonomous functionality.
We also explored the intriguing case of ServiceTitan's IPO plans, shedding light on the complex dynamics of venture capital and founder equity.
Additionally, we delved into the challenges and opportunities in automating construction equipment across various environments.
Tune in to find out about:
✅ The battle between full autonomy and teleoperation in construction robotics
✅ Why retrofitting existing machinery could be a game-changer
✅ How controlled vs. uncontrolled environments impact automation adoption
✅ The potential pitfalls of aggressive venture funding for founders
Listen now on Spotify to stay ahead of the curve in construction tech innovation.
-----
Chapters
00:00 Exploring the Robotics Space
03:02 Teleoperation vs. Full Autonomy
05:58 Applications in High-Risk Environments
08:55 Market Dynamics and Venture Backability
12:03 OEMs vs. Startups in Innovation
14:59 The Future of Autonomous Machinery
17:54 Service Titan's Path to IPO
31:09 The Russian Roulette of Venture Capital
34:41 Conflicts of Interest in Business Decisions
39:12 The Cost of Venture Capital
41:51 Understanding IPOs and Profitability
44:04 Economic Predictions and Their Implications
52:57 The State of Construction Technology in Europe
read more
Bricks, Buck$ And Bytes
What We Learned After a Year of Talking to Construction Tech's Biggest Names
"Follow the money to grow, follow your passion to build. While US construction tech startups have raised $30B, India's $1B investment is yielding better returns."
In today's episode of Bricks & Bytes, we did our November Monthly Review where we reflected on an action-packed month of content creation and exciting future plans.
We even explored fascinating market dynamics, founder insights, and geographic opportunities in construction tech.
Tune in to find out about:
✅ Our successful launch of the AI in Construction Report and first steps into monetization
✅ Highlights from our Boston trip interviewing startups at Suffolk's boost cohort
✅ Behind the scenes of the upcoming Ediphi super series releasing in January
✅ Plans for New York and San Francisco tour in 2025, plus a potential India expansion
Listen to the full episode on Spotify to hear Owen, Martin, and Patric discuss their key takeaways from November, upcoming content plans, and Patric’s take on why founders often over-obsess with product and under-obsess with distribution.
-----
Chapters
00:00 End of Year Reflections
03:01 Cultural Differences in Business Mindset
05:50 The Impact of Travel on Business
08:47 Exploring AI in Construction
12:11 The Role of Community in Innovation
14:55 Challenges in Design and Construction Software
17:52 The Disconnect Between Traditional and Startup Worlds
21:00 The Influence of Trust in Business Relationships
24:07 Venture Capitalists in Government
26:59 The Future of Governance and Innovation
32:48 Understanding Argentina's Political Landscape
35:09 The Importance of Product Distribution
40:40 Marketing Challenges in Construction Tech
43:47 Trends in AEC Technology
44:29 Talent Acquisition in the AEC Sector
46:03 Investment Trends in Construction Tech
50:34 Cultural Insights: Christmas Traditions
57:33 Closing Thoughts and Future Plans
read more
Bricks, Buck$ And Bytes
156 Indian Companies Grew 20% Annually for 20 Years: What It Means for Construction Tech
Did you know that India has 156 publicly listed companies that have grown their revenue by over 20% annually for the past 20 years? That's more than the US, China, Japan, and Germany combined!
In today's episode of Bricks, Bucks and Bytes, we got to learn about the upcoming IPOs of Swiggy and BlackBuck in India, signaling a vibrant economy and thriving tech sector.
We also discovered that B2B marketplaces are flourishing in India, with BlackBuck's successful IPO setting a positive example for similar companies worldwide.
Additionally, we learned about the opening IPO window in Western markets, with companies like ServiceTitan and Klarna preparing to go public.
Tune in to find out about:
✅ The surprising growth rates of Indian companies
✅ How B2B marketplaces are thriving in India
✅ The opening IPO window in Western markets
✅ Upcoming construction tech IPOs to watch
Listen now on Spotify to gain insights into the rapidly evolving construction tech landscape and investment opportunities in India and beyond.