NAR and venture capital don’t…

…naturally go together.  But if anyone at NAR can pull off Second Century, it would be Mark Lesswing.

Real estate tech startups: it’s time to rev your engines.

“Lesswing said that the company is already accepting submissions for project proposals. He also said that he will be in attendance at the Real Estate Connect conference in New York next month ‘to continue the process of identifying new projects and qualifying existing projects.’” 

2 responses

  1. This is one thing that is fairly exciting about NAR right now. It should be very interesting in 2008.

  2. I agree Jim. I think the opportunity for NAR to put some money behind innovation is huge. But the challenge of identifying good ways to spend the VC money is just as large, if not larger!

    My take is that it is going to be really hard to for NAR to get out of its own way in funding new start-ups. It doesn’t mean it can’t be done… It will just be a huge challenge.

    To give just one example: The first NAR-funded start-up that gives a benefit (at a cost) to a subset of agents is sure to piss off off a vocal minority of realtors.

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