Show notes
The construction industry is estimated to be over $2.5 trillion and growing in the United States, yet the industry has been especially slow at adopting newer technology solutions. Ron Goldschmidt joins us to share his thoughts on how construction companies can adapt to our remote reality, and why they have been resistant to change in the first place.About RonRon Goldschmidt co-founded Briq, a fintech company for the construction industry, in 2018 and has been Chief revenue Officer since 2020. Prior to this, he worked on Wall Street as Head of Emerging Markets at RBC Capital Markets and as Executive Director at UBS. He graduated from the Ivey Business School at Western University with an honors in Business Administration. In this episode we discuss:02:14 Why has the construction industry failed to invest in newer productivity tools?04:17 What sort of efficiencies are being deployed in the industry today?07:43 How has management successfully changed in the construction industry?12:12 How Briq is dealing with legacy APIs in the construction industry15:54 Technological innovations like electronic invoicing and data solutions18:23 The role of AI and ML in the construction industry22:00 The labor shortage in the construction industry24:53 Carve-outs for construction in the infrastructure bill27:09 How inflation plays into budgeting and supply/material forecasting30:06 How Briq approaches these budgeting challenges34:15 Briq’s Series B funding round with Tiger GlobalFast FavoritesPodcastsThe Portal with Eric WeinsteinNewsletter/BlogKnowledge Traction by Pascal UngerTech GadgetPortable Massager/ TheragunNew TrendVertical FintechBookA Land So Strange: The Epic Journey of Cabeza de Vaca by Andrés ReséndezStart with Why: How Great Leaders Inspire Everyone to Take Action by Simon SinekFollow Matt Cohen and Tank Talks here!Podcast production support provided by Agentbee.Agency This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com
