Mazarine Ventures’ Post

An interesting piece in Crunchbase about the ongoing struggles of the 'smart home' industry. "....in recent months, U.S. venture investors have mostly closed the door on smart-home and smart-building investments." "Smart home" has mostly referred to locks, lights, thermostats, entertainment, energy management, plus many other convenience and efficiency tools for owners, operators, and occupants. What the piece doesn't mention, and has long been overlooked by smart home 'elites', is 'Water in the Smart Home', which Mazarine is bullish on for the coming 5 years. While leak detection is an obvious one, there is so much more opportunity to improve the management and use of water in property. Pool and spa, hot water, appliances, filtration, irrigation, etc. While smart home tools for single-family properties is the most high-profile vertical of smart home, the bright spot in all of this is water in multi-family commercial properties, which is a massive headache for property owners, operators, occupants, finance, and insurance. Some also refer to this as Water Management in the Prop-tech indsutry. This has very little to do with 'the water industry' and is more in the asset management business, health & safety, and general business continuity risk for anyone owning or operating properties. BUT, not every company addressing water in property is doing well. In fact, a graveyard is starting to appear, unfortunately, especially in leak detection. Seeing 'water' through the lens of real estate reveals a myriad of compelling business and investment opportunities for those willing get nerdy in this space. Here's the piece from Crunchbase https://lnkd.in/eA_YDvye

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John Robinson, I agree with you that you have to segment the sector if you want to invest smart. What is the problem you want to solve? I can get behind the use case: If I am property manager I want to identify water leaks as early as possible without depending on who is occupying the property.

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