3 ms·

Mine too, we should talk. I agree after having worked for both small startups and large corporate REITS. Most of my ideas are incremental vs monster changes. Ev

Mine too, we should talk. I agree after having worked for both small startups and large corporate REITS. Most of my ideas are incremental vs monster changes. Eventually though someone will throw enough money or the government will start to regulate it enough for innovation to start.

danieltillett 11y ago
I would love to talk (my contact details are in my profile). My experience is in Australia where the real estate market is very different to the USA. Each state here is quite different to each other, but the more fragmented the market the more opportunities there are.
Cshelton 11y ago
I'm a lead developer for a well funded CRE asset management SaaS company. We are launching this year and have sold a lot. A good number of the big...and biggest, names are our clients. I guess we would mostly fall into the 'mint for CRE' category, except property/assets are just a piece of it. We go all the way up through loans, deals, equity, the cap stack for each thing and the entire portfolio. All with realtime reporting/analytics, data integration from anywhere (extremely simple to use, unlike most systems...), chart of accounts roll ups, etc. It has been a TON of development time (close to 3 years now) and is a massive system. I think we'll see some more adopted standards in data schemas and APIs with governmental organizations that will really change the CRE world. Underwriting and securitization is a huge opportunity for when that becomes more widely adopted. I'm sure you're quite familiar with the securitization process of today and how crazy it seems...excel workbooks and binders full of reports everywhere is a nightmare. Argus is such a big player, however they won't get disrupted all at once in my opinion. So many processes, reports and data is intertwined in it, it'll take some time to unravel...but yes, big opportunity. All in all, many of the 'ideas' in CRE are well known, it's getting the industry on a macro and micro scale to adopt new practices and solutions that are actually good. For example, think of all the CRE loans out there...to get detail information on them ( thousands and thousands..) you really have to pay big money to someone like Intex or something. And then parsing that data even more to be useable at scale is a whole other undertaking. I'm interested to see how the 'crowdsourcing' CRE world develops. That space is pretty wide open with big but unestablished players. I've got many ideas for stuff I want to do down the road, let's talk. Note: I didn't edit this at all, it's probably filled with grammer errors...but it's late and don't care =p
- graham1776 11y ago
  You are so spot on with many of these points, you really have a firm grasp on the industry. 1) Would love to hear about the startup you guys have been painfully building once its launched. 2) There seem to be a healthy # of real estate folks on HN. We should figure out a way to build a little community out of it. Start with emails? 3) Yes we should collab down the road. Shoot me your email?

danieltillett 11y ago

I would love to talk (my contact details are in my profile). My experience is in Australia where the real estate market is very different to the USA. Each state here is quite different to each other, but the more fragmented the market the more opportunities there are.

Cshelton 11y ago

I'm a lead developer for a well funded CRE asset management SaaS company. We are launching this year and have sold a lot. A good number of the big...and biggest, names are our clients. I guess we would mostly fall into the 'mint for CRE' category, except property/assets are just a piece of it. We go all the way up through loans, deals, equity, the cap stack for each thing and the entire portfolio. All with realtime reporting/analytics, data integration from anywhere (extremely simple to use, unlike most systems...), chart of accounts roll ups, etc. It has been a TON of development time (close to 3 years now) and is a massive system. I think we'll see some more adopted standards in data schemas and APIs with governmental organizations that will really change the CRE world. Underwriting and securitization is a huge opportunity for when that becomes more widely adopted. I'm sure you're quite familiar with the securitization process of today and how crazy it seems...excel workbooks and binders full of reports everywhere is a nightmare. Argus is such a big player, however they won't get disrupted all at once in my opinion. So many processes, reports and data is intertwined in it, it'll take some time to unravel...but yes, big opportunity. All in all, many of the 'ideas' in CRE are well known, it's getting the industry on a macro and micro scale to adopt new practices and solutions that are actually good. For example, think of all the CRE loans out there...to get detail information on them ( thousands and thousands..) you really have to pay big money to someone like Intex or something. And then parsing that data even more to be useable at scale is a whole other undertaking. I'm interested to see how the 'crowdsourcing' CRE world develops. That space is pretty wide open with big but unestablished players. I've got many ideas for stuff I want to do down the road, let's talk. Note: I didn't edit this at all, it's probably filled with grammer errors...but it's late and don't care =p

graham1776 11y ago
You are so spot on with many of these points, you really have a firm grasp on the industry. 1) Would love to hear about the startup you guys have been painfully building once its launched. 2) There seem to be a healthy # of real estate folks on HN. We should figure out a way to build a little community out of it. Start with emails? 3) Yes we should collab down the road. Shoot me your email?