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Real estate tech startups are dropping like flies

RetailMLS, Campus and others go down; experts say they expect more consolidations in the near future

(Illustration by Chris Manfre)
(Illustration by Chris Manfre)

From the January issue: The failure rate for startups is high — anywhere from 75 percent to 90 percent, according to industry estimates.

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And if that weren’t enough, here’s another discouraging fact: Unsuccessful companies typically shutter within 20 months of being funded, according to venture capital database CB Insights.

So despite the enormous amount of capital being deployed to unleash a real estate tech revolution, the chances are strong that the real estate startups currently pushing themselves as the next big game changer will flop. [more]

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StartupsTechnology