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While intrigued by proptech, many commercial real estateexecutives lament that there are just too many options on themarket from which to choose. And even if they find a product toinvest in, they wonder how long it will be functional before it isobsolete.
Christopher Yip, the new partner and managing director of RETVentures, hears these concerns. "There often are six or seven oreight players providing the same tech solution," Yip says."Recently, we were talking to one of our LPs [limited partners] tohave them demo a startup we are looking at, and he said, 'You know,it's just too crowded. We don't have the time right now to sortthrough it all. So, we will wait.'"
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
