Why Proptech Startups Fail?. Get the unique perspective on the set… | by Impressit | Medium

Have you heard about Quibi? Quirky? Maybe, Homejoy? If these names do not ring a bell, it is not your fault. Those were massive startups that seemed to have a bright future. Quibi managed to raise $1.75 billion in investment. Quirky gained $169 million in the capital. Homejoy raised $38 million in the first couple of months. What unites them? The fact that all three of them failed regardless of having capital and investment. In turn, there is Lynda and ShutterStock. These now-massive companies once were small startups. They managed to go the challenging path and transform the business into billion-dollar enterprises. When it comes to proptech, there is VergeSense. It is a startup currently demonstrating 2100% growth. The crucial thing about the proptech market is its constant growth. Forbes indicates that in 2008 the market was estimated at only $20 million. Now, the proptech amounts to more than $12 billion. Unfortunately, not every player on the market can succeed. The harsh reality

Have you heard about Quibi? Quirky? Maybe, Homejoy? If these names do not ring a bell, it is not your fault. Those were massive startups that seemed to have a bright future. Quibi managed to raise $1.75 billion in investment. Quirky gained $169 million in the capital. Homejoy raised $38 million in the first couple of months. What unites them? The fact that all three of them failed regardless of having capital and investment. In turn, there is Lynda and ShutterStock. These now-massive companies once were small startups. They managed to go the challenging path and transform the business into bil