In keeping with the studio’s mission of connecting startups and large corporations for the benefit of both, LAB Ventures launched a successful tech conference called The Future of Real Estate (since sold and re-branded as Blueprint
), which opened their eyes to the massive potential of the PropTech segment and built the foundation for a strong network of PropTech startups, investors, and users.
The know-how developed while building successful new businesses from scratch gave the LAB Ventures team valuable insights which could be applied in screening other early-stage opportunities. At the same time, LAB Ventures began to receive a growing number of inbound requests from early-stage PropTech startups looking for strategic advice and financial support. The original Studio model did not contemplate minority investment in third party startups, but the opportunity was clear.