My number one lesson from 4 years angel investing: it’s all about the founder. The founder of my latest investment is one of the best I’ve ever met.
Nick Callegari is the founder of Verustruct, the company that is going to solve the housing crisis.
Verustruct is developing a 3D printer that makes houses. The printer will build cement walls and embed the mechanical, electrical and plumbing along with them.
This will let us build faster and cheaper than ever before.
Before Verustruct, Nick led a team of engineers at SpaceX. He developed the extravehicular activity structure for the Polaris Dawn Crew Dragon mission.
This structure enabled the first commercial spacewalk. If Nick’s structure had failed, those astronauts would’ve died.
Here’s my thinking: if Nick can pull that off, 3D printing a house should be easy!
It’s no secret that housing in America today is obscenely expensive. The median house price is $447,000. And if you want a newly built house, the average is $515,000.
Add in 7 percent mortgage rates, and who the heck can afford this?
If Verustruct can print houses en masse, quickly and cheaply with less skilled labor, those prices will fall off a cliff.
Finally, the average person will be able to afford a decent home.
I’m incredibly excited about what Nick is doing at Verustruct. Some day, I hope to live in one of their houses myself!
More on tech:
Your Next House Will Be Built By Robots
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