NYC Making a Splash in #RETech
New York City is the epicenter of real estate – from mergers to owners to residential and commercial – an asset class in the trillions. It is also the second largest market for technology, lagging solely behind Silicon Valley. But with NYC-based companies like OnDeck Capital and Etsy, both of which are public and have over $1 billion valuations, it possess the perfect ingredients to become a major hub for #RETech.
With this in mind, it’s no surprise MetaProp NYC has chosen New York as home. “Real Estate technology is the last frontier for disruption – lagging behind finance, fashion, media, education and health care” says Aaron Block, Co-Founder and Managing Director of MetaProp NYC.
MetaProp NYC is an accelerator program whose goal is to combine the real estate and technology industries in NYC and provide start-ups with resources and mentorship to catalyze growth through a 22-week intensive program. They will graduate their first class this upcoming Tuesday (January 26, 2016) at their Demo Day (hosted at Silverstein’s 7 World Trade Center) in true New York fashion. Aaron further explains, “MetaProp NYC’s inaugural Demo Day will showcase the 5 start-ups and provide our partners like EisnerAmper, investors, media and government officials the opportunity to learn more about the latest in real estate technology, and to explore new partnerships, mentorships and funding opportunities.”
The five companies graduating are:
Following the NYC Demo Day, where Richard Mack, CEO of Mack Real Estate Group will be the keynote, MetaProp NYC will host a second demo day in San Francisco.