#018 - Harsh Badera - Product management in construction tech
What happens when a construction engineer goes into construction tech?
Today we welcome Harsh Badera of Procore.
In this episode we deep dive into:
Harsh’s story starting from construction engineer up to his current position in Procore
ToDo's and not to-do's in the product management
If we are going to see more B2C products in construction
If you’re enjoying our podcast, please leave us a review! This helps us get more amazing guests to give you guys the best and most informative content on technology in the built world.
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Harsh Badera - Product Management at Procore | Startup Investor | Advisor | Speaker
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Today's Sponsor:
@Beta Construction and technology network platform - connecting the tech industry with traditional partners.
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00:00:00 --> 00:02:03 Intro + Sponsor
00:02:04 --> 00:05:52 History of Harsh’s journey from project manager to product manager
00:05:53 --> 00:07:54 Switching from project manager to product manager
00:08:24 --> 00:09:58 How do you see using software in construction?
00:09:59 --> 00:12:47 What is product management?
00:12:48 --> 00:14:47 Do you see a future where construction offers more services directly to the consumer rather than B2B?
00:14:48 --> 00:16:30 Given the amount of solutions, do you think that there is a singular source where they can all integrate?
00:16:31 --> 00:17:27 Agave Startup
00:17:28 --> 00:19:04 Is creating a product in construction different than in other industries?
00:19:05 --> 00:24:15 Do you have a product management process that you follow?
00:24:16 --> 00:27:29 Introduction of Procore
00:27:30 --> 00:29:01 Construction network
00:29:59 --> 00:31:43 Trust verification for the future of contracts
00:31:45 --> 00:36:38 Harsh’s thoughts about Katerra
00:40:20 --> 00:41:40 More about Harsh
00:41:42 --> 00:42:02 Outro
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Bricks & Bytes
#037 - Brendan Ardagh - The AI revolution in construction
In this episode, we sit down with Brendan, Co-Founder of Provision, who made the jump from a traditional QS role to a technology role. He shares with us his interesting journey and how he fell in love with construction.
During the episode we dive into:
Brendan's experience with the startup world
His Journey through Y Combinator
World of AI
Machine learning
If you’re enjoying our podcast, please leave us a review! This helps us get more amazing guests to give you guys the best and most informative content on technology in the built world.
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Brendan Ardagh Co-Founder of Provision
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Today's Sponsor: beta - Construction and technology network platform
- connecting the tech industry with traditional partners.
Chek www.the-beta.com
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Timestamps:
00:00:00 --> 00:01:22 - Intro
00:01:22 --> 00:02:04 - Sponsor
00:02:04 --> 00:04:35 - Brendan's journey from Quantity Surveyor to entrepreneur
00:04:35 --> 00:05:55 - Differences between the startup and technology scene in South Africa and Canada/US
00:05:55 --> 00:07:25 - Brendan's involvement with Y Combinator and how he got in
00:07:25 --> 00:13:29 - Innovation in construction industry and the difficulty in changing it
00:13:29 --> 00:16:13 - Discussing Y Combinator and the value it provides to startups
00:16:13 --> 00:18:16 - The dinosaur-like view of the construction industry and the potential advantage of being associated with Y Combinator
00:18:16 --> 00:30:31 - Introducing Provision and discussing AI & Chat GPT
00:30:11 --> 00:35:30 - Getting involved in using AI and where to start learning about it
00:35:30 --> 00:39:56 - Chat GPT and how it will impact construction industry in the future
00:39:56 --> 00:41:47 - The importance of utilising GPT effectively and jumping on opportunities presented by it
00:41:47 --> 00:42:55 - How open is OpenAI
00:42:55 --> 00:46:03 - Brendan’s routine
00:46:03 --> 00:46:53 - More about Brendan
00:46:53 --> 00:47:10 - Outro
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Bricks & Bytes
#027 - Jefferson Sanchez - Accelerating revenue for house remodellers
On today's show we have Jefferson Sanchez - Co-Founder & COO of Revonate.
In this episode we deep dive into:
Revenue acceleration for house remodellers
Web3
AI
Platform revolution in construction.
If you’re enjoying our podcast, please leave us a review! This helps us get more amazing guests to give you guys the best and most informative content on technology in the built world.
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Jefferson Sanchez - Co-Founder & COO of Revonate.
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Today's Sponsor: beta - Construction and technology network platform - connecting the tech industry with traditional partners.
Chek: www.the-beta.com
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Timestamps:
(00:00:00-00:01:12) - Intro
(00:01:12-00:01:54) - Sponsor
(00:01:54-00:03:21) - Jefferson’s journey to creating Revonate
(00:03:21-00:05:20) - Being a migrant and starting business
(00:05:20-00:09:13) - Key lessons learned from the failure of previous company
(00:09:13-00:10:29) - Introducing Revonate
(00:10:29-00:14:33) - AI powered construction contract
(00:14:33-00:17:13) - AI’s impact on construction in the future
(00:17:13-00:19:00) - Building trust layer in AI/ML technologies
(00:19:00-00:20:01) - Explaining Archidao
(00:20:01-00:24:04) - Use of blockchain in technology
(00:24:04-00:25:05) - Founding Revonate
(00:25:05-00:26:46) - Taking outside investments
(00:26:46-00:28:58) - Current economic situation and its impact on the future of construction tech world
(00:28:58-00:29:35) - Is Revonate designed only for the US market?
(00:29:33-00:31:16) - Jefferson’s marketing tactics
(00:31:16-00:34:46) - Work-life balance
(00:34:46-00:35:51) - Book recommendation
(00:35:51-00:36:20) - More about Jefferson
(00:36:20-00:36:38) - Outro
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Bricks & Bytes
How To Build A Unicorn In Construction Tech - Patric Hellermann
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
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Patric Hellermann | General Partner at Foundamental
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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
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
AI, Low-Carbon Cement, and the Missing Science VCs: Hidden Pitfalls in Construction Tech Investing
Venture capital flooding into AI startups, but are we overlooking the real breakthroughs in construction materials?
In this episode of Bricks, Bucks and Bytes, we explored Findable, a Norwegian startup transforming building documentation, which raised €9 million in Series A funding.
We discussed Holcim's investment in Sublime Systems' innovative low-carbon cement technology, sparking a conversation about sustainable building materials.
Also, we delved into a VC's perspective on the challenges faced by startups valued between $50-200 million in revenue but struggling to find exit opportunities.
Tune in to find out about:
✅ The potential and challenges of AI-driven document management in real estate
✅ Why scientific breakthroughs in building materials can't be rushed with capital
✅ The importance of distribution advantages in AI-powered construction tech
✅ The complexities of valuation and exit strategies for mid-sized startups
Listen to the full episode on Spotify to gain valuable insights into construction tech, venture capital, and sustainable building materials.
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Bricks, Buck$ And Bytes
Enscape's Journey From Idea To Exit - Moritz Luck, Co-Founder & CEO
From garage startup to major exit: The Enscape story
In this episode, we had Moritz, co-founder of Enscape, and we got to learn about his journey from a university project to a game-changing 3D rendering software... and many more!
Tune in to find out about:
✅ How Enscape evolved from a VR treadmill idea to revolutionizing architectural visualization
✅ Why focusing on customer happiness trumps optimizing for investor metrics
✅ The power of community-driven marketing in the AEC industry
✅ The future of AI in rendering and its impact on existing tools
Listen now on Spotify to hear Moritz's insights on building a successful startup, navigating acquisitions, and the future of design technology.
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Company Mentioned:
Enscape
Chaos
Autodesk
Lumion
Twinmotion
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Timestamps
00:00 Introduction and Guest Introduction
03:02 The Evolution of Enscape
06:07 Understanding Rendering in Architecture
09:01 The Role of Rendering in the Design Process
12:01 Enscape's Position in the Rendering Market
15:02 Innovations and Challenges in Rendering Technology
18:00 The Journey of Enscape: From Founding to Exit
20:59 Acquisition Insights and Market Dynamics
23:55 Customer-Centric Approach to Business
26:54 The Future of Rendering and AI Integration
29:59 The Design Stack: Merging Tools and Technologies
32:59 Community and Distribution Strategies
35:48 Final Thoughts and Future Directions
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Bricks, Buck$ And Bytes
Can Small Modular Nuclear Reactors Solve Big Energy Problem? - Last Energy's $40M Bet on Energy Independence
Nuclear power's comeback? Last Energy raises $40M for micro modular reactors
In this episode of Bricks, Bucks and Bytes, we got to learn about Last Energy's $40 million Series B funding for developing 20 MWe micro modular nuclear power plants.
We also explored how nuclear energy fits into the broader energy landscape, including its role in providing baseload power for data centers.
Additionally, we delved into venture capital fund economics and the challenges of generating returns for large funds.
Tune in to find out about:
✅ The potential for modular nuclear reactors in energy independence
✅ How nuclear power complements other energy sources on the grid
✅ Why fund size impacts venture capital returns
✅ The bifurcation of VC into large platforms and specialized early-stage funds
Listen to the full episode on Spotify to hear on the future of energy and venture capital.
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Company Mentioned:
- Last Energy
- Sequoia
- Andreessen Horowitz
- Tiger Global
- Revolut
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Timestamps
00:00 Welcome Back and Episode Recap
02:25 Exploring Nuclear Power and Last Energy
12:47 The Future of Nuclear Energy in the West
19:24 Regulatory Challenges and Market Demand for Nuclear
24:46 Understanding Baseload Energy and Its Importance
29:27 Venture Capital Insights and Market Dynamics
44:19 The Economics of Fund Sizes and Return
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Bricks, Buck$ And Bytes
New Scheduling Tools, US Startups High Failure Rate, & How Supply-Side Focus is Reshaping Tech Companies
Is the traditional construction scheduling software about to become obsolete?
In this episode of Bricks, Bucks and Bytes, we discussed Planera's fresh take on construction scheduling, which just secured $13.5M in Series A funding.
We also explored the surprising uptick in US startup failures and what it reveals about the current market.
Additionally, we delved into the potential shift from demand-focused to supply-focused business models in tech.
Tune in to discover:
✅ How Planera aims to simplify complex construction scheduling
✅ Why more startups are failing, but it might not be all bad news
✅ The rising importance of vertical integration in tech companies
✅ How emerging markets are driving innovation in B2B platforms
Want to stay ahead in construction tech and startup trends? Listen now on Spotify.
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Company Mentioned:
Planera
Oracle (specifically their Primavera P6 software)
OpenAI
Microsoft
Uber
Meta (formerly Facebook)
SpaceX
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Timestamps:
02:12 Planera: Innovating Construction Scheduling and Planning
06:42 The Challenges of Traditional Scheduling Tools in Construction 0
9:01 The High Failure Rate of Startups: A Natural Evolution
24:07 The Role of AI in Startups and the Construction Industry
30:01 The Shift towards Collaborative and Visual Solutions in Construction
31:15 The Dominance of the US Startup Market
32:39 The High Failure Rate in US Startups
33:54 Profitability of European Venture Funds
41:30 The Shift Towards Vertical Integration and B2B Marketplaces