Proptech Espresso - Pat McLoughlin - Building Financial Tools For The Home on Stitcher

Karat unlocks a digital entrepreneur’s most persistent and critical need – access to capital.

...trying heroically on a podcast to explain why putting one’s house “on the blockchain” might be better than the current system. Eventually, after much grasping and a bit of “these things could all be NFTs,” McCormick ended up more or less where he began. “You’ve just re-created the entire mortgage infrastructure that already exists today,” a host... See more

Real Estate 3.0:

(i) The Evolution of Rent-to-Own (ii) Fractional Home Ownership – The Lifestyle Version (iii) Fractional Home Ownership — The Pure Asset Version (iv) Rapid Liquidity for Real Estate Owners (v) Rapid issuance of mortgages and loans

- Integrated payments and lending are unlocking new business models for software companies and vastly improving the user experience.

No one has taken the vertically integrated approach and long view that Opendoor has. Opendoor built the world’s most accurate home pricing model, operates a distributed network of thousands of inspectors and contractors, regularly accesses both the debt and equity capital markets, takes inventory risk, and coordinates among the many parties involve... See more

...a lot of people make businesses to compete with tools where people are already making money. I know in marketplaces, we often see people design marketplaces to try to intermediate or digitize transactions that are already happening.  But the big mental breakthrough is to say, “Can we create something that creates new transactions that aren’... See more

Across multiple verticals, independent workers often lack predictable income, which presents an opportunity for lending. Early products in this space include Patreon Capital (merchant cash advances for Patreon creators), Shopify Capital, as well as horizontal creator business platforms Karat and Stir.

Ideally, the lending product would create: (1) A tech-enabled window into the creator’s business and (2) a repayment flow from the platform to the lender that mirrors the cash flows of the business. By building predictability into the unprecedented and de-risking the payback, a tech-enabled subscription platform may allow lenders to provide competi... See more