Four PropTech startups rank in top 25 most valuable VC-backed startups
Four of the 25 most valuable VC-backed startups are real estate related. WeWork ($21.1 billion), Airbnb ($31 billion), Compass ($4.4 billion), and Houzz ($4 billion).
Worth Noting: Venture capitalists have invested $27.9 billion into startups in the third quarter, bringing the year-to-date figure up to a record high $84.3 billion. A staggering $2.7 billion was invested in real estate tech last month alone.
Investors Beware: Industry leaders believe that while certain startups are solid companies, few justify astronomical valuations. This is the result of too much cash chasing too few deals.