Keith RaboisManaging Director, Khosla Ventures

Why Khosla Ventures Is Excited About Bungalow

Name: Why Khosla Ventures Is Excited About Bungalow
Uploaded: 2018-08-30T22:33:36+00:00
Duration: 35 s
Channel: Keith Rabois
Description: Keith Rabois of Khosla Ventures says residential real estate, the largest asset class in the US, is the only major sector that hasn't been reinvented in…

30 Aug 2018 · 1 min

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Keith Rabois of Khosla Ventures says residential real estate, the largest asset class in the US, is the only major sector that hasn't been reinvented in two decades. Bungalow takes mid-century apartments built in the 1940s-1960s and repositions them for millennials seeking affordable urban housing.

Keith, you've got a lot of experience with real estate. You also have another real estate company called Open Door. So what makes you so excited about this opportunity?
Well, residential real estate is the largest asset class in the United States, and it's basically been unaffected by technology. All areas of the economy other than real estate have actually been reinvented over the last 20 years, and it's time for real estate to adjust to the modern world. So what was exciting about Bungalow is it takes existing inventory that was basically built in 1940s, 1950s, 1960s, where families and lifestyles.
Were very different and converts.
It into the demand that we see.
Today for millennials.
In urban environments?
Everybody has.
Heard about the people trying.
To get an apartment.