Every industry is its own thing, with seasonal influences, rhythms, trends, and expectations. And every industry has high tech businesses attending to its needs.
Right now, things are tough in real estate. The coming year is one of uncertainty. The withdrawal of high leverage and cheap money is like an industry-wide hangover. There's downward pressure on valuations and rent growth and everything depends on property type and local conditions. That's going to put a lot of torque on proptech startups.
In general, funding is becoming a problem. Investors don't want to pour money into new vendors as a form of life support. And yet, there is money available. For example, proptech VC Fifth Wall closed an $866 million fund a couple of weeks ago.
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