![dot.LA's PropTech salon.](https://dot.la/media-library/dot-la-s-proptech-salon.jpg?id=29793164&width=1200&height=400&quality=85&coordinates=0%2C0%2C0%2C690)
![dot.LA](https://dot.la/media-library/dot-la-logo.png?id=28274272&width=166&height=100)
Get in the KNOW
on LA Startups & Tech
X
Photo by Briland Graves
Real Estate Data, Virtual Homes and the Future of Proptech at dot.LA's Salon Event
Decerry Donato
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
On Tuesday evening, dot.LA hosted a Proptech Salon to create space and encourage proptech founders and investors to discuss how Southern California real estate startups are disrupting the industry. Over 70 invited guests gathered at WeWork's Century City location, including Michael Martin of Avenue 8, Nick Marino of TruLiv and Andrew Swerdloff of StayOpen.
The event kicked off with a conversation with JoyHub co-founder and CEO Elizabeth Braman, who announced the data aggregation and business intelligence platform will soon change its name to Revolution RE. Prior to starting JoyHub, Braman spent time at crowdfunding real estate platform Realty Mogul as senior managing director.
Braman said the inspiration for creating JoyHub came from the problems she saw in the real estate industry around the lack of data consistency and the overwhelming amount of data that real estate operators of apartments and rental properties have to make sense of. She saw a need for a tool that could simplify the data for real estate companies so they could use it effectively.
“I learned that legacy technology created a lot of problems," she said. "Proptech and all these new innovative solutions were compounding the problem by creating massive amounts of data silos.”
dot.LA CEO Sam Adams and JoyHub co-founder and CEO Elizabeth Braman at dot.LA's Proptech Salon on May 10, 2022.Photo by Briland Graves
With any new venture or startup, there’s always a risk of it failing, she said:
“Anyone who tells you that starting a company during a pandemic is easy is not being truthful,” she said, adding that she was lucky that she was able to work with a team she already knew well from her first startup experience.
For much of the rest of the startup community, times are looking more challenging than they were not long ago.
“The high-gross C, D unicorn-type companies are having a very challenging time raising up rounds," dot LA Executive Chairman Spencer Rascoff said. "And A and B—not so great.”
Rascoff offered some advice to young companies hoping to weather the storm.
“Realistically, you should try to tighten your belt as much as possible to extend the runway as long as possible so that if you can't get a round done this year, you prioritize survival over growth," he said. "Because there'll be time for growth later.”
Another hot topic in proptech was virtual real estate. The concept of the metaverse has grown in popularity as new virtual environments go online. Celebrities like Snoop Dogg already own land in some of these new worlds. In December, one of his fans purchased a plot of land for $450,000 just to be the rapper-entrepreneur's virtual neighbor.
dot.LA CEO Sam Adams and Chairman Spencer Rascoff at dot.LA's Proptech Salon on May 10, 2022.Photo by Briland Graves
As an investor, Rascoff said he’s skeptical about buying land in the metaverse.
“The big reason why I'm overall skeptical of this is for some of these things, you need counties to play ball,” Rascoff said. “But it's fun and interesting to talk about how title might be disruptive through blockchain.”
The night was capped with a question from dot LA CEO Sam Adams:
“If given a million dollars to invest, where would that money go?”
Braman said she would have to diversify and choose cannabis along with venture funds.
Rascoff admitted his answer was less exciting, but said he'd would use the money to buy a “basket of growth tech stocks that are at two-to-five-year lows.”
Correction: An earlier version of this post misspelled StayOpen co-founder Andrew Swerdloff's last name.
From Your Site Articles
- Proptech Startup Snappt Raises $100 Million To Help Landlords ... ›
- SERHANT Founder Ryan Serhant on How He Built a Proptech ... ›
- Los Angeles Proptech Startup News - dot.LA ›
- Azure Hosts PropTech MeetUp for L.A. Tech Week - dot.LA ›
- LA Realtors Are Using TikTok To Connect with Buyers - dot.LA ›
Related Articles Around the Web
Decerry Donato
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
🤫 The Secret to Staying Fit at Your Desk: 6 Essential Under-Desk Exercise Machines
06:26 PM | July 24, 2024
Health experts are sounding the alarm: our sedentary jobs are slowly killing us, yet we can't abandon our desks if we want to keep the lights on. It feels like we're caught between a rock and a hard place. Enter under-desk exercise machines – the overlooked heroes (albeit kind of goofy looking) of the modern workspace. These devices let tech professionals stay active, enhance their health, and increase their productivity, all without stepping away from their screens. Here are 6 fantastic options that will enhance the way you work and workout simultaneously.
DeskCycle Under Desk Bike Pedal Exerciser
This bike has nearly ten thousand five-star reviews on amazon. It works with nearly any desk/chair setup. It is quiet, sturdy and allows up to 40 pounds of resistance. If you are looking for an under-desk bike this is a fantastic option.
Type: Under-Desk Bike
Price: $180 - $200Sunny Health & Fitness Dual Function Under Desk Pedal Exerciser
This under-desk bike is extremely quiet due to the magnetic resistance making it an ideal option if you work in a shared space. It doesn’t slip, has eight levels of resistance, and the option to work legs and arms. It’s about half the price of the DeskCycle bike making it a solid mid-range option for those looking to increase their daily activity.
Type: Under-Desk Bike
Price: $100 - $110Sunny Health & Fitness Sitting Under Desk Elliptical
This under-desk elliptical comes in multiple colors if you really want to underscore that you are a quirky individual, in case an under-desk elliptical isn’t enough. This model is a bit heavy (very sturdy), has eight different resistance levels, and has more than nine thousand 5-star reviews.
Type: Under-Desk Elliptical
Price: $120 - $230
DeskCycle Ellipse Leg Exerciser
This under-desk elliptical is another great option. It is a bit pricey but it’s quiet, well-made and has eight resistance levels. It also syncs with your apple watch or fitbit which is a very large perk for those office-wide “step” challenges. Get ready to win.
Type: Under-Desk Elliptical
Price: $220 - $230Daeyegim Quiet LED Remote Treadmill
If you have a standing desk and are looking to walk and work this is a fantastic option. This walking-only treadmill allows you to walk between 0.5 to 5 mph (or jog unless you have the stride length of an NBA forward). It is very quiet, which is perfect if you want to use it near others or during a meeting. You can’t change the incline or fold it in half but it is great for simply getting in some extra steps during the work day.
Type: Under-Desk Treadmill
Price: $220 - $230Sunny Health & Fitness Foldable Manual Treadmill
This under-desk treadmill isn’t the most premium model but it is affordable and has an impressive array of features. It is a manual treadmill meaning it doesn’t need to be plugged in; it is foldable and offers an incline up to 13%. I personally can’t imagine working and walking up a 13% incline but if that sounds like your cup of tea, then I truly respect the hustle.
Type: Under-Desk Treadmill
Price: $150 - $200Read moreShow less
LA’s Upgrade in Travel and NBA Viewing
08:41 AM | July 26, 2024
Image Source: Los Angeles World Airports
🔦 Spotlight
Exciting developments are underway for Los Angeles as the city prepares for major upgrades in both travel and entertainment. The Los Angeles Board of Airport Commissioners has approved an additional $400 million for the Automated People Mover (APM) at LAX, increasing its total budget to $3.34 billion. This boost ensures the elevated train’s completion by December 8, 2025, with service starting in January 2026. For Angelenos, this means a significant improvement in travel convenience. The APM will streamline connections between parking, rental car facilities, and the new Metro transit station, drastically cutting traffic congestion around the airport. Imagine a future without the dreaded 30-minute traffic delays at LAX! The APM will operate 24/7, reducing airport traffic by 42 million vehicle miles annually and carrying 30 million passengers each year, while also creating thousands of local jobs and supporting small businesses.
Meanwhile, the NBA is also making waves with its new broadcasting deals. The league has signed multi-year agreements with ESPN, NBC, and Amazon Prime Video, marking a notable shift in media partnerships. ESPN will maintain its long-standing role, NBC returns as a network broadcaster after years away, and Amazon Prime Video will provide NBA games through its streaming platform. Starting with the 2025-2026 season, these deals will enhance the league's reach and revenue, aligning with the NBA's goal to expand its audience and adapt to evolving viewing habits. Whether you're catching the action on TV or streaming online, these changes promise to elevate the fan experience and bring more basketball excitement to Los Angeles.
🤝 Venture Deals
LA Companies
- Pearl, a startup that makes AI-powered software that assists dentists in identifying cavities, gum disease, and other dental conditions, raised a $58M Series B funding led by Left Lane Capital with Smash Capital, and others also participating. - learn more
LA Venture Funds
- Fulcrum Venture Group participated in a prior $3.5M Pre-Seed Round for Code Metal, a developer tools startup. - learn more
- B Capital co-led a $12.5M Seed Round for Star Catcher, a startup that aims to develop a space-based grid that captures solar energy in space and distributes it to satellites and other space assets. - learn more
- Mantis VC and Amplify participated in a $140M Series C for Chainguard, an open source security startup. - learn more
- Prominent LA venture capitalist, Carter Reum and wife, Paris Hilton, participated in a $14M Seed/Series A for W, the men’s personal care brand from Jake Paul. - learn more
LA Exits
- Warner Bros. Games acquired Player First Games, developer of the recently launched MultiVersus free-to-play platform fighter videogame. - learn more
Read moreShow less
RELATEDTRENDING
LA TECH JOBS