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NAR Presentation

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Presentation I gave to the National Asssociation of Realtors on November 2, 2017 in Chicago, IL How to use new tech in their business to make more money and speed transactions.

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NAR Presentation

  1. 1. JEFF CARTER WESTLOOPVENTURES.COM TWITTER: @WESTLOOPV @POINTSNFIGURES WEST LOOP VENTURES
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  3. 3. TECH IN REAL ESTATE
  4. 4. Think about it. . . Since 2001 Internet Bubble Burst: + 50x users, +180x bandwidth +6x spent online + mobile, social, credit card ready + increased regulation in US and Europe + Global economic pressure and competition Amazing opportunity and edge 4
  5. 5. WHAT MAKES A GOOD VC INVESTMENT Good Idea (if it worked) Seems like a really stupid idea SWEET SPOT
  6. 6. 5 TRENDS THAT ARE UNAVOIDABLE 1. Software is Eating the World 2. Everything will be Unbundled 3. Network Beats Hierarchy 4. Everyone A Node On A Network 5. Government Cannot Keep Up 6
  7. 7. THEMES FOR FUTURE INVESTING Blockchain is a trustnetwork Keeping securityis critical Using public datafrom databases and sensors Machines and robots with artificial intelligence will do tasks 7
  8. 8. REAL WORLD EXAMPLE OF VC INVESTING IN CREYOU WISH YOU THOUGHT OF THIS FIRST
  9. 9. 2 roommates are having trouble making rent They find an extra mattress Post on a website a mattress for rent per night 9
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  11. 11. SOME DATA WE KNOW TODAY THIS WILL SURPRISE YOU-ARE YOU READY?
  12. 12. $ 300,000,000 IN TENANT COMMISSIONS NONE TECH ENABLED 12
  13. 13. HOW LONG DID IT TAKE YOU TO CLOSE THOSE DEALS? HOW MANY DEALS DID YOU LOSE TO TECHNOLOGY ? WHY DID YOUR DEALS FALL THROUGH? 13
  14. 14. WHAT ARE THE STUPID IDEAS THAT YOU CAN USE IN THE MARKET TODAY?
  15. 15. • Effective investment and management decisions • A speedy automated platform • Integrates large and disparate data sources • Scoring models to help standardize due diligence and risk assessment processes. • GRESB Compliant 15
  16. 16. BUILDING A TRUST NETWORK • CFX Markets brings transparency and clarity to a market that needs it • Public but non-listed REITs • Bad reputation and nefarious activity • CFX brings two sided markets and creates transparent bid/ask spread that decreases slippage • Will make REITs more efficient, and will bring credibility to asset class 16
  17. 17. UNBUNDLING OF CRE • Truss.co unbundles small transactions that take time and resources and allow CRE agents to earn commissions and service larger clients. • Speedy, tech enabled and efficient for landlords, agents and clients 17
  18. 18. UNBUNDLING OF CRE • Deskpass, WeWork, are unbundling the simple act of getting a place to work. Using the social behavior of working in a coffee shop combined with alleviating the loneliness of working at home alone • Utilizing empty CRE space to create more dollars per square foot • Works with growing cadre of independent workers 18
  19. 19. IS BLOCKCHAIN A STUPID IDEA THAT IS GOOD FOR REAL ESTATE? • What if there was a VIN number on every property? • What if you could track every title on a blockchain (no title insurance or title companies) • 40-60 different parties need to agree on everything for one transaction to be made. What if there was a smart contract that auto-executed on a blockchain? 19
  20. 20. THANK YOU VERY MUCH FOR YOUR TIME. NOW IT’S TIME FOR Q&A HOW CAN I HELP YOU?20

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