Big VC Tech Money Has Greatly Misunderstood Real Estate
(medium.com)
Let’s cut through the mythology: Silicon Valley’s or Big Tech’s decade-long attempt to disrupt real estate represents one of the most fascinating case studies in digital transformation failure of our time. After pouring north of $30 billion into “revolutionizing” how the world buys and sells homes, the tech industry has accomplished remarkably little in fundamentally changing how transactions actually happen.
Let’s cut through the mythology: Silicon Valley’s or Big Tech’s decade-long attempt to disrupt real estate represents one of the most fascinating case studies in digital transformation failure of our time. After pouring north of $30 billion into “revolutionizing” how the world buys and sells homes, the tech industry has accomplished remarkably little in fundamentally changing how transactions actually happen.