12 startups compete for $ 15,000 at NAR’s “Pitch Battle” for real estate technology



Competitors offered tools for conducting, renting, listing presentation, post-closure customer support, real estate development, affordable housing, risk assessment, and accounting.

Twelve Real Estate Startup Leaders Take the Scene National Association of Realtors Technology Conference Tuesday, offering tools for staging, rentals, listing presentations, after-hours customer communications, real estate development, affordable housing, risk assessment, and accounting.

The third annual Innovation, Opportunity and Investment (iOi) Summit of the 1.48 million-member trade group is taking place Tuesday and Wednesday at the Sheraton Dallas Hotel in Dallas, Texas. The event is best known for its “Pitch battleHosted by NAR’s commercial investment subsidiary, Second Century Ventures, aspiring real estate startups vie for $ 15,000 in cash and the attention of venture capitalists and others to help them make a splash in the industry.

SCV aired Pitch Battle live on Tuesday afternoon with NAR Facebook page… After submitting applications in July, 12 companies withdrew from them. Each participant had four nervous minutes to deliver the presentation live and in person, and then another four minutes to answer questions from the Pitch Battle judges.

The judges were York Baur, CEO of MoxiWorks; Kenya Burrell-VanWormer, Senior Vice President of Diversity at T3 Sixty; Alex Lange, CEO of Forbes Global Properties; Shana Schlossberg, founder and CEO of Upword; and Marilyn Wilson, Founding Partner of the WAV Group.

They asked questions such as, “How would you involve realtors in your product development?” “How do you collect your data?” “What’s your average revenue per user? “How will you scale?” “Where will you expand further?” “What’s your overall target market?” and the very important “How do you make money?”

The winner chosen by the judges will be announced on Wednesday. Throughout the event, participants and spectators were also encouraged to vote for “Favorite of the Crowd” which will also be announced tomorrow. Votes for the Crowd Favorite prize must be cast by midnight Central Time on Tuesday.

Here are 12 participants and their company-provided descriptions:

  • Dockitt examines consumer debt and creditworthiness in order to agree on an optimal credit profile and the best integrated and efficient (financial) solution to increase consumer purchasing power.
  • Feather is a next-generation furniture and home decor rental service that allows people to quickly find beautiful furniture without the upfront costs and commitments of traditional retail.
  • HighNote Laboratory is a sales promotion platform that streamlines the bidding process for agents listing presentations, offers, new buyers and recruiting.
  • The matrix is a digital fintech application that provides a deeper understanding of the credit profiles of potential tenants by automating terms and advising landlords for rejected candidates.
  • Milestones is a customer engagement platform for buying, selling and managing home properties provided by real estate professionals to their clients.
  • Otso provides insurance coverage with an A rating to secure the lease, an alternative to traditional cash deposits and letters of credit, which provides increased protection for the lessor against default.
  • Paraffin is a cloud-based design platform that allows developers to instantly create building designs, budgets and proforma for their next construction project.
  • Amazing is a marketing and business intelligence platform that brings together disparate marketing and rental data, tracks and analyzes performance, predicts future trends, and more.
  • Tenant mentor is a platform that provides a centralized, secure and automated way to list, manage and find affordable housing.
  • Restb.aiA suite of AI-powered solutions enables real estate companies to instantly extract valuable insights (room type, home features, style and condition analysis, etc.) from property images.
  • Hospiria / UnderTheDoormat Group is a short-term rental business that transforms both real estate and hospitality with three unique products.
  • Zipi reimagines a fragmented system to easily facilitate real estate transactions with their back office, accounting and digital payments offerings.

The event was moderated by Ines Hegedus-Garcia, Director of Strategy and Innovation at Avanti Way Realty.

The judges will select the winner based on the following criteria, according to the NAR:

  • Identifying a problem or opportunity
  • Problem solution / opportunity
  • Influence of solution / idea
  • Feasibility of marketing and implementation of the solution / idea
  • Presentation style

Photo editing service on request BoxBrownie knocked out 15 other contestants when NAR held its first inaugural pitch fight IOi Summit in San Francisco in 2018 and Curbio, which refurbishes homes for sellers and gets paid at closure, beat 13 other entrants in the second battle of 2019 in Seattle.

According to NAR, the prize package is a winner-take-all principle and includes:

  • USD 15,000
  • Booth 10 x 10 at Realtors Conference & Expo 2021 (worth $ 3,800)
  • Live Demonstration from Theater at the NAR Booth at Realtors Conference & Expo 2021
  • RISMedia and Realtor Magazine Pitch Battle Winner Article
  • Meeting with the head of SCV
  • The opportunity to present a check during the presentation ceremony to the winner of the iOi Pitch Battle 2022 competition.

Email Andrea V. Brambila

Like me on facebook | Follow me on Twitter


Source link