Will Airbnb’s co-founder build your next home?
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Not long agoI was wondering if startups could help solve the housing crisis in the United States. Now there’s a new name in town: Samara, an Airbnb spinout, which just got new funding. As for Dig, it was acquired shortly after I started digging into its category: data security posture management. — Anna
The Airbnb Playbook
With a shortage of at least 3.8 million housing units, America’s housing crisis isn’t showing many signs of improvement. Comparing the situation to what it was just a year ago, venture capital firm Gutter Capital noted that it worsen in some ways, mainly investment.
“[I]Investor interest in the previously cooled real estate market has frozen,” wrote managing partner James Gettinger. “Although the rise in interest rates was no match for the housing shortage, it was more than enough to scare away venture capitalists. Proptech funds told us that they now only invest in software. Unfortunately, software can’t build houses.
On the other hand, Gutter Capital remains faithful to thesis a year ago, he said: “There is a historic opportunity today to invest in companies that are accelerating housing development in the United States. »
