Second-Time Founders Still Fail - Solar Market Lessons from Kreo Spinoff
"Don't build shitty products for problems that don't exist."This brutal advice from Maksim hit different. After spinning off from his first AEC tech company Kreo, he's now building PVFarm - solar design software that's pulling in $40K average revenue per customer.In today's episode of Bricks & Bytes, we had Maksim and we got to learn about why distribution beats product in AEC, how he cracked the $150M solar design market, and why most startup marketing tactics fail in construction tech... and many more!Tune in to find out about:✅ Why relationship-based sales trump amazing products in AEC ✅ The two pathways to selling enterprise software in construction✅ Why LinkedIn outreach and email marketing don't work for AEC startups ✅ How vertical integration beats horizontal CAD tools for specific building typesListen now on Spotify to hear how Maksim went from building multiple failed products to finding product-market fit with a 40-hour learning curve software that customers love.-----------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.io4M Analytics - Instant, reliable utility data you can trust and verify - https://www.4manalytics.com/-----------------Chapters00:00 Introduction to Maxim and His Journey in AEC Tech03:02 Lessons Learned from Creo: Market Understanding and Sales Strategies05:58 The Relationship Between Sunbeam and PVFarm09:12 Understanding Sunbeam's Focus and Product Offerings11:57 The Importance of Collaboration in Design14:54 Navigating the Competitive Landscape of Solar Design Software17:57 Market Size and Growth Potential in Solar PV20:56 Go-to-Market Strategies and Customer Engagement23:58 Building Value Through Education and Relationships26:55 Webinars as a Tool for Engagement and Education33:28 The Value of Community Engagement33:56 Marketing Strategies That Fail36:00 Leveraging AI for Usability39:26 Navigating the AI Landscape41:14 Building Robust Tools in a Competitive Market43:52 The Go-Kill Framework for Product Ideas46:22 The Role of a CEO in a Tech Startup51:53 Balancing Discipline and Flexibility in Teams52:41 Successful Products in AEC54:51 Building in Different Markets57:12 The Importance of Community in Tech59:20 Managing Remote Teams01:01:08 The Intersection of Jiu-Jitsu and Business
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Bricks & Bytes
Why Construction Lacks Qualified Project Managers - Project Manager Shortage & AI Automation Solutions From Tech Leaders In Construction
"The world has an enormous shortage of qualified project managers - to the tune of tens of millions of people."In today's episode of Bricks & Bytes, we had Greg from Nodes & Links and we got to learn about how AI is solving construction's biggest workforce crisis, why American customers bite your hand off for ROI while Europeans think about it for budget cycles, and the physics behind project acceleration... and many more!Tune in to find out about: ✅ Why the construction industry needs a billion more project managers and how AI workers will fill the gap ✅ How one customer saved $63,000 per scheduler per year using automation software✅ The brutal reality of startup hiring - 0.3% acceptance rate from 15,000 CVs reviewed ✅ Why the CEO's job is preventing failure while everyone else maximizes successListen now on Spotify to discover how construction scheduling is being revolutionized and what it means for the future of mega projects worldwide.Our Sponsor: Archdesk - “The #1 Construction Management Software for Growing Companies - Manage your projects from Tender to Handover” check archdesk.com---------Chapters00:00 Intro03:00 Introduction to Nodes and Links05:43 Evolution of Project Management Software08:54 The Role of AI in Construction11:39 Challenges in Project Management14:33 Customer Onboarding and Experience17:36 Pricing and Business Model20:35 Scaling Challenges in Tech23:29 Identifying Customer Pain Points34:14 Maximizing Productivity in Construction Projects35:55 Client vs Contractor Needs in Software37:07 Global Operations and Team Management38:36 Building High-Performance Remote Teams39:59 The CEO's Role in Preventing Failure43:29 Insights from 'The Physics of Project Acceleration'46:27 Recent Funding and Growth Strategies49:53 Understanding Profitability in Construction Tech52:01 Raising Capital in Construction Technology54:56 Calculating Capital Needs for Growth56:55 Vision for the Future of Project Management59:02 Cultural Nuances in Global Construction Practices
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Bricks & Bytes
Fieldwire's $300m Exit Journey
Every construction startup gets acquired for less than $100 million.That's what Yves Frinault was told when he pitched Fieldwire back in 2013. They called it the "$100 million curse" that killed every construction tech company.But Yves had a different plan.In today's episode of Bricks & Bytes, we had Yves Frinault and we got to learn about how military training shaped his leadership style, why gaming experience was crucial for building construction software, and the near-death moment that almost killed Fieldwire... and many more!Tune in to find out about: ✅ How paratrooper training taught him fairness in leadership ✅ Why he went from half salary to a successful Series A in months ✅ The product lessons he learned from video game design ✅ How Fieldwire broke the $100M curse with their Hilti acquisitionListen now on Spotify and discover how one founder changed construction tech forever.-------------Chapters00:00 Intro01:30 From Military to Tech: A Unique Journey04:23 Lessons from Gaming: Insights for Construction Tech07:24 The Birth of FieldWire: Inspiration and Initial Steps13:24 Navigating Growth: Key Milestones and Customer Insights19:04 Marketing Strategies: The Power of Ads and Product-Led Growth25:13 Scaling Up: Targeting Different Customer Segments30:56 Enterprise vs. SMB: Understanding Market Dynamics40:35 Balancing Customization and Scalability41:59 Testing Frameworks and Product Development46:35 The Hilti Acquisition Journey51:55 Cultural Integration Post-Acquisition57:10 Negotiating Acquisition Deals01:01:33 Pricing Strategies in Construction Tech01:04:20 Go-to-Market Strategies in Construction Tech01:07:20 The State of Exits in Construction Tech01:10:19 Key Decisions that Shape Success01:13:15 Future Aspirations and New Ventures
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Bricks & Bytes
Homes Built In 35 Days for $100/sqft - Why This Physicist Is Building Factories For Construction Sites
This physicist turned construction revolutionary by building houses faster than McDonald's serves burgers!In this episode of Bricks & Bytes, we sits down with Oleg, co-founder of Cuby, who's cracked the code on industrial-scale homebuilding with mobile micro-factories that can pump out a 2,000 sq ft house every single day.Key topics discussed:Why construction is still stuck in the stone age (and how Cuby is dragging it into the future)The mobile micro-factory concept: bringing manufacturing directly to construction sitesHow they're producing homes at $100/sq ft with just 4-person assembly teamsThe IKEA + Starbucks approach to standardized, quality housingWhy most construction tech startups fail (and what Cuby does differently)400,000+ engineering hours invested in solving the "kit of parts" puzzlePlans to deploy 200 factories across the US in the next 10 years"If you solve the logistic problem, you will solve the construction problem. But one of the main problems is not easy just to solve the logistic problem. Because we are speaking not only related the logistic of materials. This is the logistic of tools. This is the logistic of information. This is the logistic of assembling." - OlegFrom lean manufacturing principles borrowed from Toyota to AI-powered quality control, discover how this team is industrializing an industry that hasn't changed since Jesus was a carpenter.
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