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Not way back, I questioned whether or not startups could help solve the U.S. housing disaster. Now there’s a brand new identify on the town: Airbnb spinout Samara, which simply secured recent funding. As for Dig, it bought acquired not lengthy after I began digging into its class: information safety posture administration. — Anna
The Airbnb playbook
With a scarcity of at the least 3.8 million dwellings, the U.S. housing disaster isn’t exhibiting many indicators of enchancment. Evaluating the state of affairs to what it was only one 12 months in the past, VC agency Gutter Capital famous that it even worsened in some respects — mainly, funding.
“[I]nvestor curiosity within the housing market, beforehand chilled, has frozen over,” managing accomplice James Gettinger wrote. “Whereas rising rates of interest had been no match for the undersupply of housing, they had been greater than sufficient to scare away enterprise capital buyers. We’ve been informed by proptech funds that they solely spend money on software program now. Regrettably, software program can’t construct houses.”
In distinction, Gutter Capital nonetheless stands by the thesis it phrased one 12 months in the past: “There’s a historic alternative as we speak to spend money on companies that speed up the event of housing in the US.”