Our team is very excited to bring you this new episode of the Future Construct Podcast (27 min interview) where we spotlight KP Reddy (@reddy_kp), Founder and CEO at Shadow Ventures (@shadowventures) and author of the books BIM for Building Owners and Developers and What You Know About Startups Is Wrong. KP is a globally recognized authority in AEC environments, AI, robotics, automation, mobile applications, and cloud computing and sought-after subject matter expert, frequently speaking worldwide on BIM and the built environment. Shadow Ventures is a venture capital firm focused exclusively on technology that drives innovation in the built environment. The mission of Shadow Ventures is to fund seed-stage companies, led by dynamic entrepreneurs, whose vision is to enhance the built environment through disruptive technologies.
- How he got started in the venture capital industry and his experience with the first company that he supported
- His motivation and decision to author a book on BIM and how timing played a key role in the decision-making process
- The "investment ethos" he has developed on deciding when and why to invest in exciting companies
- How his reputation and brand factor into founders finding him, and why there is no investment that is too early
KP is a serial entrepreneur with over 25 years of experience in disruptive innovation. He has started, grown, and sold multiple successful startups, and he has been involved in both IPOs and strategic acquisitions. KP has exited three technology companies: Cereus Technology Partners which had an IPO on NASDAQ and has since sold to Verso (NASDAQ:VRSO) at a 35x Multiple, RCMS which was sold to ARC (NYSE:ARC), and Ampirix (sold to The Combine). KP's work and his businesses have been featured prominently in numerous news outlets, including the Wall Street Journal and CNBC.
We sincerely hope you enjoy this special episode of the Future Construct podcast and we would love to hear your suggestions for future guests!
- All good things, Luke Lightning, PhD
* The Future Construct podcast is produced by the team at BIM Designs, Inc. BIM Designs, Inc. is a minority-owned, US-based, union-signatory preconstruction technology firm, offering turnkey BIM modeling, laser scanning, coordination management, and other VDC solutions to the AEC industry. We'd love to talk with you!
** A special thank you to our awesome partners at Applied Software for supporting Episode 18 of this podcast! Applied Software has grown to become one of the largest AEC, MEP Fabrication, Construction, and Manufacturing system integrators in North America. They're here to help you find the best tech solution to meet your needs. Fill out a quick form to request more information.
0:37 Amy Peck introduces KP Reddy, the Founder and General Partner at Shadow Ventures.
5:40 You've written a book on BIM and you've written a book on startups. Let's start with the BIM book. Why a BIM book at that time?
13:30 So, I'd love to talk about your portfolio and your "investment ethos" and what excites you in some of the companies. Can you share some of the successes of some of your portfolio companies?
18:13 And so are you getting most of your inbounds from being in the industry and just having the reputation that you do, or are there other ways that founders are finding you?
21:37 So are you seeing any particular trends in the industry, and where should large commercial builders be looking for this next-level technology?
25:35 Projecting yourself 15 to 20 years in the future, and you could bring with you any service or gadget, and it doesn't have to be based in reality at all, what would it be and what would it do?
About BIM Designs, Inc.
BIM Designs, Inc. is an agile BIM design, modeling, consulting, and coordination service provider for architecture, engineering, and construction (AEC) contractors and developers that desire experienced journeymen detailers and engineers for Mechanical, Electrical, Plumbing and Fire Protection (MEPF) modeling, Laser Scanning, and Virtual Design Construction (VDC) projects.
If you need 3D BIM modeling, design, and MEP detailing services, BIM Designs, Inc. (BDI) has the expert tradesmen who know how to precisely design and model your systems. Contact us today for a free estimate or to discuss your project needs.
About the Author
Luke joined the BIM Designs team in June 2020 as the Head of Business Development and helps oversee the business development and marketing team's objectives. With over 8 years of business development and sales experience working with startups, accelerators, investors and global enterprise-level companies, he has successfully helped startups scale their sales operations. Previously, he worked in the biotech industry as a research leader for over 9 years resulting in an IPO in 2011.