In 1955, 500 companies featured on the first “Fortune 500” list. Only 12% of those companies survive today. Sixty four years is not an eternity. We carry memories and lessons from the wars of another generation but often forget the changes that defines survival within our own. Moreover, the velocity of change has accelerated with time. A report released by “Innosight” in 2016 confirmed that

“The 33-year average tenure of companies on the S&P 500 in 1965 narrowed to 20 years in 1990 and is forecast to shrink to 14 years by 2026.”

This means that half of the companies which are on the S&P 500 today will be replaced within a decade by a new entrant.

The ability to change and adopt to new trends is not a matter of growth but that of survival and the real estate industry is slowly coming to this realisation. A new movement called “ Proptech” has become the buzz word for the industry. By definition, Proptech is the intersection of the property and technology built to propel the industry forward. But the label has now expanded to include any new changes that are seen in the traditional model of real estate investing. From Co-working spaces to photographing drones, the entire gamut of any changes to the industry is now collected within the larger context of “Proptech”. The acceptance of Proptech into the industry is a welcoming phenomenon but it has created a new dilemma. In order to achieve this acceptance and short term wins, the direction of innovation is being held back due to the bias that the industry has towards innovation.

Continue reading “Diversification Is Not Innovation & Venture Capital Is Not Private Equity”

In the summer of 2012, my mother sent me a text message saying it was urgent that I call her back. I was curious as to which existential crisis needed resolving and called her back.

“Tripty, what is a phone with Whatsapp called?”, she said. At which point I responded like anyone with a generation gap with someone asking this question would respond- “ An Iphone?”

“No, what is the phone actually called. I don’t want the expensive Iphones. “.  “ An Android?” , I said.  She continued to be very perturbed and asked  “ What is a smart phone then? Which is the smart one with whatsapp on it? “

Continue reading “Not All Chatbots are Smart”

The EG Tech Awards celebrate’s both the tech firms powering the digital innovation taking place in the real estate sector and the property firms that are working hard on their own transformations.

EG is recognising the property companies embarking on their future-proofing strategies and the tech firms that are enabling this all-important shift at a single event.

And Travtus has been nominated!

We’re massively proud that Tripty Arya CEO and Founder of Travtus has been nominated for the Rising Star award at this years Estates Gazette awards.

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In the world of investing and portfolios, the term Alpha is used with a lot of gravitas. It often conjures up images of the Wolf of Wall Street. Intelligent men in suits taking home multimillion dollar bonuses with a life exemplified by models and bottles. Alpha is a quality that is aspirational and inspirational. In the economic definition of the word it is what makes someone’s performance exceptional. Alpha is the secret sauce of a winner. It is what makes them stand above the rest.

In portfolio return analysis, all excess returns are attributed to two coefficients an Alpha or a Beta. While beta is the well-established coefficient for risk and volatility which has now been defined as a science, alpha still is just calculated based on the difference between the what was achieved and expected. A bit like a filler. Alpha is what goodwill is on a balance sheet. A number that helps us define the unknown.

The question is, how real is Alpha?

Continue reading “Defining Alpha in the World of Real Estate Technology”

Managing maintenance work can be exhausting. Bombarded by a mountain of information, new tasks all around us as well as managing tenants, supers and compliance. Technology used right can help. Travtus can help.

Property management software allowed managers and service providers to improve the way they work and the experience they give to tenants. Maintenance however, has been long ignored, still represents an opportunity for process improvement, cost savings and bringing direct value improvement to your property portfolio.

Continue reading “Manage Maintenance Better”