Find XO: Target the Old Bottlenecks: A New Survival Formula for PropTech (venturesquare.net)
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- UK PropTech startups have drawn attention by focusing on reducing the inheritance property sale process from 20 weeks to 7 weeks.
- Conversely, Zillow, Redfin, and Opendoor's iBuying, which sought to create new transaction methods, were greatly shaken during the market downturn.
- The lesson is that finding the slowest, oldest procedures is less risky than trying to build a new market.
- The key criterion is not whether AI is used, but how much the actual customer waiting time is reduced.