This has been something that we have been trying to put together for a while for our audience and for the sake of just giving them a quick introduction. Tell us a little bit about Shadow Ventures specifically and the work that you're doing—- AI space as it pertains to the AEC Industry.
KPReddy 00:01:58.260 - 00:03:01.844
So Shadow Ventures, I would say a classic venture capital firm. We make investments into startups that are in the tech startups that are innovating— the AEC space or the real estate space. So a lot around design technologies, construction technologies and real estate technologies. What is somewhat unique about us is we are backed by many of the leading ENR 500 firms. So call it Sixty percent of my investors that back me are from the industry and what that does is it gives us a great lens around what their problems are and what they're dealing with. We can't know everything, so it creates this great council of such to balance ideas off of them. I think one thing that people don't necessarily understand in our space is how venture capital works and so a lot of it is educating the industry on how VC works and how we make money and then also how we work with our investors, the backups.
Randy 00:03:01.972 - 00:03:32.764
Yeah, and it's funny, I was talking with Chad Clinehens about just a little bit about you and this, and he was sharing how you guys are both kindred spirits because your background is civil engineering, just like Chad, the president and CEO of Zweig Group. And, so you have a unique frame of reference about this space. So you're not coming in purely from a tech space, you're coming in with the background and classical training as a civil engineer, one hundred percent
KPReddy 00:03:32.852 - 00:04:32.710
I'm a second-generation civil engineer. I grew up in my dad's office, and I would say it's interesting. My dad was a civil engineer and my mom was a computer programmer so this is what you get. I got involved because my dad made me go to the office. Also, when I was 13, he bought an IBM PC, not knowing what to do with it, but just that his professor friends had told him, it would change everything. So, like most good Indian dads, he said, hey, son, here's a PC, go figure it out. I began running structural engineering software for him, not knowing what I was doing per se, under his direction. Still, it also exposed me to his firm and everything from how things work in an engineering firm. So when I went to Georgia Tech, I decided to stick with civil engineering because I felt like I already knew a good bit about technology. KPReddy Email: kp@shadow.vc Website: Shadow Ventures
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