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 After finishing education, he became a carpenter, where he came face-to-face with the frustrations of outdated hiring practices in the construction industry.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 ..
Sign up for our newsletter at: https://bricksbytes.show
LinkedIn: https://www.linkedin.com/company/bricks-bytes/
X/Twitter: 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—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
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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
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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
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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
Building Materials Marketplace vs Cloud Manufacturing: What Works Where?
Building my own house made me realize how broken construction supply chains are - Saudi BRKZ founder's story sounds familiar?In today's episode of Bricks, Bucks and Bytes, we explored how Saudi BRKZ secured $17M Series A funding for their construction materials marketplace, bringing their total raise to $22.5M in just two years.We discussed how emerging markets like Saudi Arabia present unique opportunities for construction tech marketplaces that wouldn't work in Western markets, due to their concentrated demand and fragmented supply.We also got fascinating insights from Patric on why having 1,100 suppliers might not be the most efficient strategy for a construction materials marketplace, and why the "cloud manufacturer" model could be more effective.Tune in to learn about:✅ Why Saudi Arabia's construction tech scene is heating up✅ The difference between managed marketplaces and cloud manufacturers✅ How venture debt can be smartly used in profitable marketplace models✅ Why expanding to 40 cities quickly might raise questions for investorsListen to the full episode on Spotify to hear our deep dive into construction tech marketplaces and emerging market opportunities.----------------Chapters00:00 Introduction and Personal Insights01:55 Exploring Construction Tech Opportunities05:01 Understanding Bricks and Its Business Model09:56 Supply Chain Dynamics in Emerging Markets15:08 Funding Strategies and Market Expansion20:06 Debt Financing and Working Capital Management23:51 The Role of Debt in Business Growth24:18 Evaluating Investment Metrics25:10 Understanding Unit Economics26:31 Investment Opportunities in Saudi Arabia28:11 Optimism in the Construction Industry29:39 Navigating Customer Relationships in Startups30:00 The Challenge of Custom Solutions35:34 The Importance of Long-Term Relationships36:18 Technology Integration in Construction39:02 The Future of Construction Technology----------------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---------------LinkedIn: https://www.linkedin.com/company/bricks-bytes/X/Twitter: https://twitter.com/bricksbytespodYoutube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_ZgInstagram: https://www.instagram.com/bricksbytes/—---------------------------------------------------------- #podcast #construction #constructionindustry #bricksandbytes #startups #architecture #design #civilengineering #engineering #constructiontechnology #engineer #architect #civilengineer #concrete #podcaster #podcasting #entrepreneur #podcasts #podcastlife #startups #entrepreneurship
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Bricks, Buck$ And Bytes
Invoice reconciliation, AI automation, Material data infrastructure & CFO-driven adoption
From calling suppliers to schedule deliveries to manually typing data into Excel - this German startup secures €12.5M to fix construction's paper problem.In today's episode of Bricks, Bucks and Bytes, we had Henric Meinhardt from comstruct walk us through how they're digitizing the material delivery and invoice reconciliation process between suppliers and contractors.We got to learn about how they're using AI to process unstructured data from thousands of suppliers, replacing manual data entry with automated workflows.And interestingly, we heard an investor's perspective on why focusing on financial processes can be the best entry point into construction companies, starting with the CFO rather than on-site teams.Tune in to find out about:✅ How comstruct automates invoice matching and material tracking✅ Why large language models are making traditional EDI interfaces obsolete✅ Their unique go-to-market strategy targeting CFOs first✅ How they convinced World Cup winner Mario Götze to investListen to the full episode on Spotify to hear how comstruct is building the infrastructure for construction's digital future.-----------Chapters00:00 Introduction to Constrakt and Funding Success03:06 The Evolution of Construction Processes06:07 Agentic AI and Its Impact on Construction09:01 Future of Invoicing in Construction12:11 Optimizing Procurement Processes15:08 Supplier Engagement and Automation17:48 Competition and Market Landscape20:59 ESG Considerations in Construction24:07 International Expansion and Future Plans24:37 Technical Difficulties and Humor25:09 Go-to-Market Strategy Insights28:57 Understanding Customer Needs and ROI29:59 Investment and Growth Plans31:44 Navigating the Construction Tech Landscape32:38 Pre-Construction Processes and Challenges36:54 Prioritization in Business Strategy39:14 Engaging Investors in Unique Niches
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Bricks, Buck$ And Bytes
Why European Construction Tech Could Outperform US Startups: A 5X Cost Advantage Revealed
In today's episode of Bricks, Bucks and Bytes, we learn about the story of an AEC start-up that raised $25M from a prestigious investor only to shut up shop shortly after announcing their round.We got insights into late-stage funding challenges in construction tech, with a seasoned investor highlighting why businesses struggle to raise Series B rounds when earlier rounds were overvalued.Also, we learned why Europe might offer better returns for construction tech investors than the US, despite the US potentially delivering bigger individual outcomes.Tune in to find out about:✅ Why listening to non-VC entrepreneurs is crucial for sustainable growth✅ The mechanics of construction tech startup valuations across funding rounds✅ How to navigate down rounds and recapitalization✅ Why European construction tech startups have a 4-5x cost advantage----Chapters00:00 Introduction and Light Banter01:49 Challenges in Construction Tech Funding04:27 Strategies for Raising Capital09:20 Profitability vs. Growth in Construction Tech12:56 Late Stage Funding Trends15:24 Avoiding Overvaluation in Funding Rounds17:28 Valuation Mechanics in Funding Rounds21:16 Equity Dynamics in Down Rounds23:06 Anecdotes from the Industry25:42 Reflections on Construction Tech Investing29:25 Comparative Analysis: Europe vs. US in Construction Tech33:00 Future of Point Solutions in Construction Tech
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Bricks, Buck$ And Bytes
First Principles & Founder Success: Lessons from Scott Wolf's Levelset Journey
"20 years of experience or 1 year repeated 20 times?" - This profound question from Scott Wolfe (Levelset) captures why some founders achieve extraordinary success while others stay stagnant.
In today's episode of Bricks, Bucks and Bytes, we explored how compound experience and non-linear career paths shape successful founders in construction tech.
Tune in to learn about:
✅ How Scott Wolfe's diverse background (software, retail, law) led to Levelset's success
✅ Why non-linear experiences often lead to breakthrough innovations
✅ The truth about choosing the right capital structure for your business
✅ Why your customer should be your best source of capital
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Chapters
00:00 Introduction and Context Setting
01:08 Scott Wolf's Impactful Insights
02:15 The Concept of Compound Experience
04:17 Nonlinear vs. Linear Experiences
10:38 The Importance of Curiosity
12:20 Applying Compounded Knowledge
16:33 The Role of Blogging in Business Growth
25:50 Choosing the Right Capitalization Method
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