Disqus - Latest Comments for drewmeyers

Re: The Problem with Compass: “We’re About the Agent”

Drew Meyers — Mon, 21 Jun 2021 01:30:48 -0000

You realize this article is over two years old? And do you realize I don't make money from advertising/sponsorships? So I really have zero incentive to drive clicks. But keep on believing whatever is needed to rationalize your thinking.

Re: Proptech’s Q3 2020 Earnings Radar

Drew Meyers — Fri, 20 Nov 2020 11:41:04 -0000

Haven't heard of it before.

Regards,
Drew Meyers
the GEM <http: www.geekestate.com=""/> & GE Labs <http: www.geekestatelabs.com="" ?utm_source="GEL_email">
*Book time to speak* <https: calendly.com="" drewmeyers="" 30min="">

Re: Ex-Zillow leaders including Spencer Rascoff launch startup to change how people buy second homes

Drew Meyers — Wed, 07 Oct 2020 01:34:10 -0000

Love it.. The most well-capitalized (and connected) company in a co-buying category with huge upside--with a smart, targeted, affluent, and differentiated go-to-market.

Re: Photo-sharing startup Trover, started by Rich Barton and acquired by Expedia, is closing down

Drew Meyers — Wed, 01 Jul 2020 23:53:08 -0000

Was always a huge fan of Trover and used it on my own travels. Bummed to see it shuttered.

Re: Zillow Group ‘pleased’ with ruling in federal patent suit over mobile real estate search apps

Drew Meyers — Tue, 18 Feb 2020 21:37:33 -0000

Lawsuits like this are a joke. Talk about a waste of time and money on society.

Re: Building for Good in El Salvador

Drew Meyers — Sun, 02 Feb 2020 13:01:36 -0000

It makes me so so happy to see this.

Re: 20VC: Benchmark’s Bill Gurley on 5 Traits Benchmark Look For When Adding To The Partnership, Why The Abundance of Capital Is Today’s Biggest Challenge in VC & The Right Way To Think About Market Si...

Drew Meyers — Tue, 24 Sep 2019 17:14:13 -0000

I love the "what can go right?" line of thinking.

Re: Fractionalizing Home Equity

Drew Meyers — Fri, 13 Sep 2019 16:07:09 -0000

Harbor is also in the equation, somewhere. Haven't heard much about them lately, so not sure where their current focus lies. https://harbor.com/

Re: Fractionalizing Home Equity

Drew Meyers — Fri, 13 Sep 2019 15:47:43 -0000

Yea, true. My bad.
Actual fractionalization initiatives happening much more in commercial than in residential at the moment.

Re: Fractionalizing Home Equity

Drew Meyers — Fri, 13 Sep 2019 15:05:39 -0000

So you're saying a peer to peer version? Why would someone "bet" on your house, because they feel like it would appreciate? How much would they have to put in -- and how would the return be calculated?

Re: Fractionalizing Home Equity

Drew Meyers — Fri, 13 Sep 2019 15:02:02 -0000

I think you'd enjoy this article: https://geekestateblog.com/...

Re: Fractionalizing Home Equity

Drew Meyers — Fri, 13 Sep 2019 15:01:16 -0000

Propy is one of them

Re: Fractionalizing Home Equity

Drew Meyers — Fri, 13 Sep 2019 11:09:49 -0000

I love what Rentthebackyard is working on.

Re: Fractionalizing Home Equity

Drew Meyers — Fri, 13 Sep 2019 10:53:06 -0000

I met with @Sahil Gupta earlier this year, and am hugely bullish on the future opportunity.

I run a real estate tech think-tank for founders and VCs, and wrote about co-investing last month. Here's the closing:

A PERSONAL VC
What would happen if homeowners had a VC in their corner? And I mean truly had their backs, beyond what today’s banks offer (i.e., supportive until you miss a payment—then they try to repossess your house).

What if a homeowner wants $15,000 to put an ADU in their backyard, which could generate $5,000 a year in short term rental income? What if a kitchen remodel needs $15,000, but would increase equity by $36,000?

And for a business owner like myself, who's been "jobless" for close to a decade, it makes sense to have a VC when trying to purchase a house.

A true home equity partner for an investment backed by a real asset. It’s safer than venture startups -- which are often backed by nothing more tangible than “IP assets.” There are no gimmes in life, and Mom and Dad do have an emotional investment in these situations that these new companies don’t profess to have, but these companies do provide lifelines to those in need that weren’t there before. Further, a personal VC would work with homeowners to figure out ways to increase returns on the property; something no traditional bank is set up for.

Co-investing is the future boon for liquidity we’ve been waiting for, on both the macro and micro.

Re: Where Were You on September 11?

Drew Meyers — Thu, 12 Sep 2019 15:46:48 -0000

I was working at Plateau Country Club, I had the morning shift and was there at 6:30. Waiting in my car for the manager to arrive and open the cart-garage up, my co-worker came over and knocked on my window and told me. I turned the radio to the news, not quite sure what to make of it. At first, I didn't believe it. Once the office was open, I spent much of the morning in the office watching the news unfold.

Re: Revival of Towns

Drew Meyers — Mon, 26 Aug 2019 17:43:41 -0000

Very cool.

Have you come across the Center on Rural Innovation? https://ruralinnovation.us/

Re: Where is Media going?

Drew Meyers — Sat, 06 Jul 2019 16:19:39 -0000

I don't think NYT or NBC have lasted because of gamification though? Curious to hear what they've done in that realm in the past or present, as it's not what I think when I hear either brand name.

Re: Where is Media going?

Drew Meyers — Sat, 06 Jul 2019 15:37:01 -0000

I personally hate gamification as a feature/strategy. Seems a route to a short term engagement win, but once people get bored... which is inevitable...they move on for good. Is there any media/business model that has been gamified and stood the test of time?

Re: MLB.Com Is Stupid

Drew Meyers — Thu, 13 Jun 2019 17:17:51 -0000

I went through a similar process to watch the Seattle Mariners like 8 years ago. I can't believe they aren't any better now... it's 2019, this "tech" thing isn't that hard.

Re: Low (No) Barriers To Entry

Drew Meyers — Sun, 09 Jun 2019 14:47:21 -0000

it hasn't

Re: New Story and 3D Printed Homes

Drew Meyers — Wed, 29 May 2019 11:21:29 -0000

Massive fan of what New Story is up to.

Re: AI, Tech Platforms, and Shiny Objects

Drew Meyers — Tue, 28 May 2019 14:56:41 -0000

No one has answered the call.. https://geekestateblog.com/...

Re: Back to the Future: The Buy-It Button Comes to Redfin.com

Drew Meyers — Thu, 09 May 2019 19:05:25 -0000

Love that you're bringing Redfin Direct back from the grave. Looking forward to seeing how this plays out.

Re: Will Consumers Embrace iBuyers?

Drew Meyers — Sat, 13 Apr 2019 10:12:43 -0000

"When you couple the marketing message of “We’ll bring you a fast, fair, cash offer” with a borderline offensive offer, it seems that consumers get, well, offended."

I think that was always why "webuyugleshouses" always remained niche... most seller don't think their houses are ugly. Everyone is self-biased. I think Opendoor has already made the cash offer much more modern, and more acceptable to a much broader pool of sellers.

Re: Will Consumers Embrace iBuyers?

Drew Meyers — Sat, 13 Apr 2019 10:10:33 -0000

I think the ultimate answer will depend on the delta between the ibuyer price & the open market price, that also factors in timing.
Anyone tracking this data for both ibuyer & traditional transactions to compare?