In this conversation, Owen, Martin, and Shub discuss the Australian company Matrak, which focuses on supply chain management in the construction industry. They explore the implications of the company's recent expansion into China and the challenges of doing business in the Chinese market. They also compare Matrak to InfraMarket, a similar company in India, and discuss their different approaches and business models. The conversation concludes with a lighthearted discussion about favorite British cuisines.

Takeaways

• Matrak is a company that provides real-time visibility and integration for supply chains in the construction industry.
• The company recently expanded into China, despite the challenges and uncertainties of doing business in the Chinese market.
• Matrak's pricing structure is based on a subscription model, with different tiers based on user needs.
• InfraMarket, a similar company in India, focuses on the quality and reliability of the supply chain, but does not offer the same level of real-time visibility as Matrak.
• Favorite British cuisines vary among the participants, with Indian food being a popular choice

Chapters

00:00 Introduction and Unfortunate News

00:43 Discussion on Matrak and Supply Chain Management

08:55 Western Startups Expanding into China

09:36 Matrak and InfraMarket: Different Approaches

13:10 Matrak's Integrated Visibility System

20:21 Favorite British Cuisines

How do you find the most promising startups in construction tech?

Join us for a breathtaking episode as we sit down with Wall Street mastermind Lisa Giuffra Diaz - Founder of Turf Advisory. She bought her first stocks when she was just 14 - and when she missed her train at Grand Central, she found her millions.

Listen to this ex-Goldman Sachs powerhouse, as she reveals the roadmap to construction’s investment-oasis. From Wall Street boardrooms to construction sites, Lisa shares her path to identifying construction-tech winners – and separating wheat from the chaff. Find out how she targets the most promising ventures, tackles industry challenges, and learns from her missteps.

This is a bookmark episode for all tech startups, VCs, and business owners in the construction world.

Key Takeaways:

• The Founder Filter: Understand Lisa's rigorous vetting process, highlighting how to spot founders with the resilience and vision to succeed
• Pain Point Power (Attention startups and VCs): Discover the importance of identifying and solving genuine issues construction workers face as the cornerstone of successful investment
• Building Beyond Borders: Get the inside track on Lisa's international expansion and how she conquered the shift to construction
• The Margin Mission: Why thin margins are a construction epidemic, and how Lisa's focus on efficiency is turning the tide
• The Rise of MWBEs: Explore how platforms like Tough Leaf empower minority and women-owned businesses in construction, and why investors are taking note
• Financial Grit: Learn why investors demand strong financial discipline and a clear path to profitability in today's economic climate
• Lessons from Failure: Gain insights from investment missteps and learn the importance of prudence when backing construction tech startups

And much more.

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This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.

Visit: https://maketheshft.digital

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BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.

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Timestamps:

(00:00:00-00:02:44) Intro

(00:02:37-00:12:30) Why Lisa Choose Construction

(00:12:30-00:19:00) What Makes Construction Different From Other Sectors

(00:19:00-00:21:15) How To Recognize A Bad Investment

(00:21:15-00:24:07) About Turf Advisory

(00:24:07-00:34:58) Tips To Improve Annual Recurring Revenue

(00:34:58-00:40:31) Impact Of Business Cycles For Startups

(00:40:31-00:45:10) Worst Investment Decision Made By Lisa

(00:45:10-00:47:18) How To Prevent Misallocation Of Funds

(00:47:18-01:07:05) Process To Follow While Onboarding People

(01:07:05-01:11:10) Importance of Communication For Introvert Engineers

(01:11:10-01:22:56) Quick QnA With Lisa

(01:22:56-01:24:23) Outro