The ConTech Crew 376: Business Model Transformation with K.P. Reddy, Founder and Managing Partner at Shadow Ventures

🏗️ Learn more at http://thecontechcrew.comThe trillion-dollar construction industry is often accused of lagging in technological innovation. But things are changing now as venture capital firms and countless startups are raising significant money to disrupt the construction technology space. And our guest has a lot to say about that.In this week’s episode, my co-host Jacob D’Albora and I sit down with K.P. Reddy, founder and managing partner at Shadow Ventures and a prominent figure in technology and innovation.With a background in Civil Engineering from the Georgia Institute of Technology, K.P. has become a global authority in AEC environments, AI, robotics, automation, mobile applications, and cloud computing.Today, he gives the crew and its listeners a discussion on how a venture capital firm works and its impact on construction from his perspective.He also shares some of their innovative and successful investments, tips when investing in startups, and much more!Let’s jump right in!Key Takeaways:Introduction (00:00)From coder to venture capitalist (07:17)What does a venture capital firm do? (15:17)Is it better to invest in ConTech or PropTech? (20:01)Difference between pre-seed and seed funding rounds (24:08)K.P.’s general investing rule (28:55)What does “exit” really mean? (29:56)SPAC explained (33:16)K.P. and Shadow Ventures' promising investments (34:21)The innovators’ dilemma (40:08)Tips on how to invest and grow a startup company (44:33)Construction technology news of the week (52:49)Additional Resources:Listen to the show at http://thecontechcrew.comFollow us on Twitter: https://twitter.com/thecontechcrew–Follow K.P. on LinkedIn: https://www.linkedin.com/in/kpreddy/Visit Shadow Ventures for more information: https://shadow.vc/—See this week’s news articles! 🗞️⬇️➡️ Gilbane-Turner JV misses initial diversity goals on Bills stadiumhttps://www.constructiondive.com/news/gilbane-turner-miss-diversity-mwbe-goals-new-york-bills-stadium/689020/➡️ Unlocking the power of digital twins: Maximizing success with OKRshttps://www.bdcnetwork.com/blog/unlocking-power-digital-twins-maximizing-success-okrs➡️ Generative AI could raise global GDP by 7%https://www.goldmansachs.com/intelligence/pages/generative-ai-could-raise-global-gdp-by-7-percent.html ➡️ The iconic American hard hat job that has the highest level of open positions ever recordedhttps://www.cnbc.com/amp/2023/07/29/the-hard-hat-job-with-highest-level-of-open-positions-ever-recorded.html —The ConTech Crew is a construction news podcast dedicated to keeping you up to date with all the latest in construction technology.Give us...