The 2008 financial crisis catalyzed the most ambitious real estate technology startups ever founded. Airbnb changed the way homeowners conceptualize home value, Opendoor simplified real estate transactions in a way the industry never thought possible and Compass redefined the role technology plays in agent workflows. As we wade deeper into the Covid-19 crisis, we’ll see similar attempts at differentiated businesses models and novel financial products that help homeowners extract greater value, more conveniently, out of their largest assets.
In this conversation between Sheila Vashee, the VP of Growth and Marketing at OpenDoor, a real estate unicorn simplifying the process of buying and selling homes, and BSV investor John Mannes, we discuss how the real estate industry is being affected by Covid-19 and the important role technology will play in keeping transactions happening and keeping people in their homes coming out of the crisis.