BuildAssist
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Date of Foundation
2023

BuildAssist

Advanced Virtual Construction Aid

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The Idea origin story

BuildAssist aims to revolutionize the construction industry by creating a tech-powered virtual construction assistant. It will fundamentally streamline construction projects for real estate professionals, their clients, and contractors. Our primary focus is on small to medium size endeavors where the need for operational efficacy is high yet often neglected. By synchronizing all parties involved using technology as our ally, we aspire to expedite the process while maintaining utmost organization throughout every project's lifetime.

The Mission

To drastically improve the construction process by using modern technologies and decades of industry experience, saving our clients massive amounts of time and reducing frustration

Clients

Realtors, homeowners, contractors, handymen, HOA managers, projext managers, Constuction lenders

Problems we solve

Client’s problem

Your startup could streamline the construction process, reduce project delays, facilitate better communication among stakeholders, lower costs, help adhere to regulatory compliances and improve overall client satisfaction in real estate projects.

Confirmation of problem

Contractors are in the field all day and need our back office support, while realtors are busy and want to help their clients find a contractor but that process is time consuming and takes away from their main focus of closing deals, while homeowners complete construction projects infrequently so they don’t have a dialed in system

Solution

Creating a comprehensive, user-friendly AI-powered app that digitalizes paperwork, implements e-signatures, automates contractor procurement process and provides CPA-ready

Our technologies

This solution is based on technologies

AI, Machine Learning, AR/VR tech for simulations, Blockchain for secure transactions and IoT for real-time monitoring.

How it works

By accelerating each facet of the construction process.

Value for the client

Saves time and reduces frustration for all parties, enables homeowners to get more competitive bids, and provides realtors with a large contractor database.

Market and strategy

Market size

500,000,000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

3

% of the market

Is our goal in the next 3 years

Team

My name’s

Mark Colwell

My key role in the product

My key role is Founder in startups and I'm responsible for setting the vision, strategy, managing teams, sales growth and attracting investors.

Team size and key members

Consider adding a business development executive, a digital marketer, and a human resources manager to your team.

Competitors

Competitors

Our Advantages

Targeting realtors, our tech product boosts their visibility. Acting as a valuable ally for contractors and not just a necessity, we amplify both their potential leads and reputation. Our platform also elevates the perceived value in realtor-client relationships at no cost.

Business model

Contractors pay for leads and back-office transaction support

Traction

Advance through vital product progression stages, beginning with comprehensive market analysis. Follow up by establishing a profitable sales origin and an effective go-to-market strategy. Conclude by creating a robust team to propel your business forward.

Totally monthly recurring revenue of $80,000

Metrics

We are new. Unit economics are as follows: 100 anticipated leads per weak with a 30% conversion rate at $250 average per closed lead

Expecting 100 leads daily by end of 2023 with a conversion rate of approximately 30%. Average revenue per converted lead is valued at $250. A focus on improving these unit economics can deliver growth and profitability for the company

Incorporation

Our company incorporated in

California

Key risks

Main risks could include inability to scale rapidly, low adoption rate among older industry professionals resistant to digital solutions, dependency on technologies that might become outdated or surpassed by new innovations, potential liability issues with advised contractors.

Investments

$

30000

We raised investments

Our Investors

Self only, I own 100%

Rising Investments

$

250000

Currently, we are raising investments

$

We are pre-revenue

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

Open positions

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Additional information

BuildAssist
Idea
Date of Foundation
2023