Why do construction (tech) companies fail?
On today’s podcast, we have Stephen Poppe, ConTech Advisor and Customer Success Leader.
Stephen is currently the Manager for Research & Development at HITT Contracting and Executive Partner at Blue Collar Capital
In this episode, we discuss:
- Where people go wrong with construction tech & why companies fail
- Considerations when investing in construction tech companies
- Implementation and strategies for Main Contractors
- Stephen’s terrible taste in football (soccer) team
R&D | Contech Advisor | Customer Success Leader | Construction Professional | Lean Practitioner(ish)
Today’s Sponsor: Beta Construction and technology network platform – connecting the tech industry with traditional partners.
(00:00:00-00:01:57) – Intro and Sponsor
(00:01:57-00:04:13) – Why did Stephen choose Contech?
(00:04:13-00:06:02) – What are people not getting right with technology?
(00:06:02-00:07:55) – Should construction companies focus on the management process?
(00:07:55-00:10:34) – Why does a company fail in Contech?
(00:10:34-00:12:43) – What is the lean startup methodology?
(00:12:43-00:14:08) – What is important when investing in a company as a capital allocator?
(00:14:08-00:16:55) – What are the initial problems that a startup face?
(00:16:55-00:18:23) – What is HITT?
(00:18:23-00:21:28) – Labor shortage
(00:21:28-00:22:42) – Is there something else that we should focus on except technology?
(00:22:42-00:24:23) – Future of tech
(00:24:23-00:27:38) – How can we get the basics right?
(00:27:38-00:31:17) – Trends in construction tech
(00:31:17-00:33:49) – VC doesn’t like 100-million-dollar ideas?
(00:33:49-00:35:48) – Book recommendations
(00:35:48-00:36:37) – Hobbies
(00:36:37-00:36:51) – More about Stephen
(00:36:51-00:37:09) – Outro