On June 10th 2019, NAR announced its investment in Propy.com. I thought now would be a good time to review Blockchain Technology, NAR’s investment announcement and the resources you can access to update your knowledge of BlockChain Technology and track NAR’s technology investments. You can listen to the podcast at www.wemargad.org.
Second Century Ventures is NAR’s investment arm. According to NAR, Second Century Ventures allows NAR to expand its REACH® Accelerator program through the U. S and internationally.
The REACH® Accelerator program started in 2013 and is designed to nurture tech companies impacting real estate. Each year at the NAR mid-year Conference in Washington, D.C. the next class is announced. During their time as part of REACH®, companies have access to real estate professionals and executives, MLS’s, associations, investors and others.
NAR has built an international network across 85 countries and a portfolio network including companies like Docusign, ZipLogix, Asset Avenue, Curbio, SentriLock, Rent HUB, Staging & Design Network, The Minte Trust Stamp, Sindeo and Propy, among many other companies providing services for the real estate industry.
The Mission of REACH®
Our mission is to help companies connect with one of the largest industries in the world: real estate. By helping companies innovate in the industry we help hundreds of thousands of small businesses, millions of REALTORS® and consumers and the economy as a whole.
One of the attractions for these businesses is not only the technology nurturing inside an organization that provides professionals to inform technology with the real world, but also the ability of the REALTOR® Party to influence public policy at the local, state and federal levels as technology in real estate continues to expand. The REACH® program is led by the REACH® Team headed up by Dave Garland who has 18 years of experience in real estate and technology, and Tyler Thompson, who has 15 years in the startup technology world including working with BitTorrent.
The funding arm for NAR’s REACH® Accelerator is Second Century Ventures. Second Century Ventures advertises itself as “verticalizing venture investing”. It is the NAR strategic investment fund “seeking to define the future of the world’s largest industries by being the catalyst for new technologies, new opportunities and new talent”.
You can read more about the REACH® Accelerator program and Second Century Ventures Class of 2019 at www.nar.realtor.