A startup called Virtual Staging AI is making it possible for Realtors to virtually stage a house with the help of generative AI.
Virtual Staging AI, which is part of Harvard Innovation Labs, currently has 4,500 monthly paid subscribers and is looking to transform the real estate and staging industry.
Instead of having to share images of empty rooms in a listing, the tool gives Realtors realistic images of furnished rooms.
While Realtors could hire someone to digitally stage a room using tools like Photoshop, Virtual Staging AI promises a cheaper and faster way to do so.
Real estate has continued to evolve over the years, going from offering only in-person showings to facilitating virtual tours.
In this edition, I’m going to look at some hits and misses in the real estate fintech space, Carta’s missteps (again), and more!
A prominent customer accused Carta of misusing sensitive information that startups entrust to the company in pursuit of its own goals.
Meanwhile, Alex and Anna argued that Carta’s growth story is being overshadowed by its stock trading snafu.
Analysis of the weekThe real estate fintech space continues to have its ups and downs.
I also reported this week on Downpayments’ mission to help investors purchase new properties with interest-free down payments.
Opendoor co-founder Eric Wu is stepping down to return to his startup rootsOpendoor co-founder Eric Wu is stepping down from the real estate tech company, according to an SEC filing.
In a statement, Wu said: “After ten years, I am called to get back to my startup roots and create and build again.
Last December, Wu announced he was stepping down from his role as CEO to serve as Opendoor’s president of marketplace.
In November 2022, Opendoor announced it was letting go of about 550 people, or 18% of the company, across all functions.
Jack Altman also announced he would be stepping down from Lattice, a software startup he founded in 2015.
Technology has transformed how businesses operate, yet the process of selling and buying property has largely remained unchanged. Social media may be the key to changing this, as proptech companies…
