metaprop accelerator

Launched and Accelerated

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On September 13th, we welcomed six new startups to the MetaProp accelerator family. The past month has been energizing, challenging and productive for them and us as we ramp-up the startups’ growth curve.

MetaProp integrates its venture fund and advisory businesses with its accelerator companies. Over the summer we launched our Fund II and recently added a new Consortium of sponsors, making the MetaProp community more integrated and stronger than ever. At the beginning of the accelerator program our number one goal is to connect each startup in the cohort to our broader community. As our network of investors and sponsors has grown, so too have the opportunities for our companies.

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John Kang, CEO of Reasi, flies across the country every other Thursday to join us. He explained that so far, our community has been the greatest value he has gained from the program: “MetaProp opened up the East Coast PropTech ecosystem for us.  We've lined up back-to-back meetings with partners we would have struggled getting in front of. Furthermore, the program has helped with branding and navigating broker and title relationships,” John explained.

At the same time, the glue that truly holds the class together is the cohort itself. Ultimately, the program is hard work, requires frequent travel and a great deal of dedication. Each year, we find that CEOs push through for their cohort mates. John explains: “Meeting the other cohort founders has been inspirational. We're all so motivated and committed that it's contagious, and learning about their experiences has been an unexpected bonus as Reasi tackles similar challenges.”

We are looking forward to watching this class grow and mature. In particular, we are looking forward to finding ways for all of you (our community) to engage with them. Take a look at the list of companies and some highlights from orientation, below.

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The 2018-19 MetaProp Accelerator at Columbia University cohort includes a diverse mix of founders who are looking to solve big problems in interesting and challenging areas of PropTech, including smart cities, residential brokerage, tenant advocacy and sustainability. The companies are using cutting-edge technology, including computational geometry, blockchain and machine learning to solve some of the industry’s biggest problems. Take a look at the group of startups below:

Aegis AI  (Chicago) Aegis AI uses computer vision to identify weapons in surveillance camera footage, dramatically reducing law enforcement notification time and saving lives in an active shooter situation.

Aegis AI (Chicago)
Aegis AI uses computer vision to identify weapons in surveillance camera footage, dramatically reducing law enforcement notification time and saving lives in an active shooter situation.

Avvir  (NYC) Avvir compares laser scans of constructions sites to BIMs in order to identify construction errors, monitor progress, and ultimately enable a dynamic living digital twin of a building that can be used as a platform for the management of smart buildings.

Avvir (NYC)
Avvir compares laser scans of constructions sites to BIMs in order to identify construction errors, monitor progress, and ultimately enable a dynamic living digital twin of a building that can be used as a platform for the management of smart buildings.

Furnishr  (Toronto)  Furnishr is a turn-key home furnishing platform that designs, sources, delivers and setups your home all in one day.

Furnishr (Toronto)
Furnishr is a turn-key home furnishing platform that designs, sources, delivers and setups your home all in one day.

Jabbrrbox  (NYC) Jabbrrbox is a new workplace solutions company bringing privacy to commercial and public spaces. The Jabbrrbox solution fills a critical void in the public and private marketplace and is engineered for today's modern mobile workforce.

Jabbrrbox (NYC) Jabbrrbox is a new workplace solutions company bringing privacy to commercial and public spaces. The Jabbrrbox solution fills a critical void in the public and private marketplace and is engineered for today's modern mobile workforce.

LiveBy  (Nebraska) LiveBy is a hyperlocal data company focused on empowering brokers, teams and agents with the tools to showcase their local expertise. With plug-and-play local content for websites and new, sharable Neighborhood Guides and Market Reports, LiveBy helps real estate professionals prove why they know their markets best.

LiveBy (Nebraska)
LiveBy is a hyperlocal data company focused on empowering brokers, teams and agents with the tools to showcase their local expertise. With plug-and-play local content for websites and new, sharable Neighborhood Guides and Market Reports, LiveBy helps real estate professionals prove why they know their markets best.

Reasi  (LA) Reasi is an online real estate escrow service that provides a secure and seamless home-closing experience. We eliminate escrow costs using our blockchain platform, support the transaction from offer to close, and bring simplicity & security to a $10 billion escrow market plagued by frustration and wire scams.

Reasi (LA)
Reasi is an online real estate escrow service that provides a secure and seamless home-closing experience. We eliminate escrow costs using our blockchain platform, support the transaction from offer to close, and bring simplicity & security to a $10 billion escrow market plagued by frustration and wire scams.

 
Orientation week featured the brand new MetaProp Accelerator Consortium with  Comcast machineQ ,  Cushman & Wakefield ,  First Republic Bank ,  Fox Rothschild  and  Inmobiliaria Colonial .

Orientation week featured the brand new MetaProp Accelerator Consortium with Comcast machineQ, Cushman & Wakefield, First Republic Bank, Fox Rothschild and Inmobiliaria Colonial.

We celebrated with a Welcome Toast at the Columbia Startup Lab:

We celebrated with a Welcome Toast at the Columbia Startup Lab:

Kent Tarrach gave his annual talk on asset management

Kent Tarrach gave his annual talk on asset management

Scott Rechler welcomed the companies to RXR’s headquarters

Scott Rechler welcomed the companies to RXR’s headquarters

Fox Rothschild invited the companies for a lunch and learn:

Fox Rothschild invited the companies for a lunch and learn:

7 Tips for Getting Into MetaProp's Next Accelerator Cohort

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The 2018/2019 MetaProp Accelerator at Columbia University applications are closing in two days. Our team is busy reviewing applications, interviewing startup founders and sending out offers to selected companies.It is an exciting time at MetaProp, but an even more exhilarating, if pressurized, time for PropTech startup founders applying for our globally renowned accelerator program

This blog post is intended to bring some transparency to our selection process for those of you who are currently finishing up your application or waiting to hear back.

After we receive your application on F6S, we will review your application and reach out to schedule an interview if we think your company might be a good fit. Typically, a CEO will be interviewed two to three times throughout the process by our ventures and acceleration teams that includes Zak Schwarzman, Aaron Block, Clelia Peters, Zach Aarons and Leila Collins. After the interviews, we conduct our standard due diligence process. If a company makes it through due diligence, we send an offer letter.

The entire process can sometimes take as little as two weeks or as long as a few months.. For any applications submitted recently, we will expedite the process and get back to you before the end of the month.

The interview process for the accelerator is different from our process for a fund investment because we are looking for more than just great investments -- accelerator companies need to be excellent investments AND a great part of the cohort. We have found that the best cohorts consist of companies that are ready to start selling into real estate and that represent a broad range of asset classes. It is extremely important to us to have a diverse group of founders with experiences and personalities that will compliment each other. For a cohort to be successful, we need each founder to bring a unique perspective to the forum and also to be supportive to the other founders. We work hard and our program is very serious, but we also care about building a lasting community with shared values.

Below is a list of some quick tips for a successful accelerator interview:

  1. Explain the problem. Make sure to fully explain the problem you are looking to solve early on. We want to make a bet on someone who is obsessed with solving a big problem — and willing to pivot to solve it.

  2. Be professional. This one may seem obvious, but make sure to respond promptly to emails, return requested materials quickly and show up on time.

  3. Make it a conversation. We are, at the bottom, investing in you and your team. The more conversational you can be during your pitch, the more you will connect with us.

  4. Talk about your team. We want to know you have the team to grow your company by 500% by February.

  5. Have a plan. Our team can help you the most if you are ready to grow very quickly. Show us that you know who you want to sell to and how you want to reach them.

  6. Be ready. We can move quickly, so have your basic diligence materials ready to go so you can send them to us right away. It shows us that you are professional and ready to fundraise.

  7. Know what you want. We are here to help you and we appreciate when you have already thought about how you would get the most out of our program.

If you have any questions, feel free to reach out to Leila Collins. Good luck!

EMEA PropTech Startups Accelerate North American Expansion

We are proud to announce the first cohort of the MetaProp Bridge at Columbia University. Our first ever cross-border program, the MetaProp Bridge, connects leading early-stage PropTech companies in EMEA to customers and capital in North America.

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This was one of our most competitive application processes ever with over 100 applications and fewer than five spots. Our first open application process exclusively for EMEA companies, we learned a great deal about the EMEA market. As we expected, there are many great companies with very well developed technologies. At the same time, funding EMEA companies has different challenges from funding in North America because EMEA companies typically have much stronger boards and less autonomous executives. Furthermore, there is much less funding at the institutional seed stage.

Ultimately, we selected four EMEA PropTech companies.

The 2018 MetaProp Bridge at Columbia University cohort:
 

AIRLITE

Paint that transforms an ordinary wall into a
natural air purifier.

UK, Switzerland and Italy

 

FRONTDOOR

Business intelligence for real estate agents

France

 

720.io

Cloud based analytics service that turns high quality environmental data into healthier facilities with happier tenants.

Finland

 

YOURWELCOME

Technology hub for short stay rental owners

UK

 

The companies were selected based on our analysis of their viability in the North American market. We looked at several factors including existing traction in EMEA: the founding team; the technology and tech team behind the product; the size of the problem, and the competition in the North American market.

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Alain Kapatashungu,


CEO of Frontdoor

Alain Kapatashungu, CEO of Frontdoor, explained that he joined the Bridge program because “we cannot approach the American market as we approached the European market.” The MetaProp Bridge is designed to support EMEA companies as they navigate the different real estate and venture capital landscape in the US.

 
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Henry Bennett,


CEO of YourWelcome

Henry Bennett, CEO of YourWelcome explained that he joined the Bridge because, “YourWelcome is currently headquartered in the UK, but has more than 600 US companies as customers and 70 percent of growth is also in the US. YourWelcome will be opening a US sales office in Q3 and the program offers great access to a network of potential clients and investors.”

We are already halfway through the London portion of the program. So far, we have matched the companies with mentors, invited several speakers to the program and are planning the North American go-to-market strategy. At the beginning of June, we will travel to NYC for intensive customer meetings and pitch preparation. The program culminates in July with an intensive five-city roadshow across North America.

Since landing in London, we have been lucky to have the support of the London tech and property community. Concrete VC, DLA Piper, KPMG, JLL, Cushman & Wakefield, Amro Real Estate Partners and many more have been invaluable friends as we set up shop in London. MetaProp is based out of one of our sponsor’s beautiful coworking spaces, Fora, in Clerkenwell.

 

Based in EMEA and want to get involved? 

Name *
Name
 
Leila Collins Senior Associate

Leila Collins
Senior Associate