Investing in AI Housing Startups: A Conversation with Jared Stasik, Detroit Venture Partners (DVP)

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12/23/24 • 35 min

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Jared Stasik, Partner at Detroit Venture Partners (DVP), joins Housing Insiders to chat a day in the life of funding early-stage tech companies, including housing startups. DVP was founded in 2010 by Dan Gilbert, Quicken Loans/Rocket Mortgage Founder & Chairman and owner of the Cleveland Cavaliers, with a vision to grow Detroit's entrepreneurial community. Hear how Jared decides what types of housing companies to invest in, the typical timeline for housing companies to reach a return, how to navigate the heavy regulation in the housing industry, the role of AI (Artificial Intelligence) in housing startups, and whether housing startups can tackle the housing affordability crisis.

Email [email protected] with any questions or comments and Subscribe to Housing Insiders on your favorite podcast platform. This podcast is brought to you by Bilt Rewards

Email [email protected] with any questions or comments and Subscribe to Housing Insiders on your favorite podcast platform. This podcast is brought to you by Bilt Rewards

Previous Episode

Momentum in Modular: A Conversation with Hugh Frater, Vessel Technologies

Hugh Frater, the former CEO of Fannie Mae (and Jonathan’s old boss) joins Housing Insiders to offer his blunt take on solving the housing crisis. According to Frater, "I don't think we should be promoting homeownership per se. I think we should just be finding ways to deliver more housing without regard to whether it's rental or for sale." As Chairman of Vessel Technologies, a developer and manufacturer of panelized multifamily apartment buildings that are “Class A housing at a Class B rent,” Frater is trying to do just that.

Vessel has 500-600 units of workforce housing in various stages of development across Connecticut, with expansion plans in Florida and New Jersey in the new year. While Frater admits "the road to hell has been paved with failed modular companies," he believes Vessel's elegant design and simple assembly process, combined with the rising demand for “attainable” housing, makes Vessel a promising player. Frater also shares his thoughts on the future of the GSEs and his “magic wand” wish for zoning in the US.

Email [email protected] with any questions or comments and Subscribe to Housing Insiders on your favorite podcast platform. This podcast is brought to you by Bilt Rewards

Next Episode

The Year Ahead in Housing: 2024 Recap & 2025 Predictions for the Housing Industry

It’s a time unlike any other in the housing industry. In this special episode of Housing Insiders, Jonathan & Jeremy review the highlight reel of some of their favorite guests from 2024, discussing insights learned and revealing their big bets for 2025. Hear their positive & negative takes on the housing industry heading into 2025, including what rising insurance and property taxes will mean for homeowners, predictions on where builders will turn their attention in the new year, and what home financing and lending could look like in the future.

Background reading:

WSJ (subscription required): Insurance and Property Taxes Now Cost more Than Mortgage For Many Homeowners

Steve Randy Waldman’s blog on Microcities

CFPB sues Rocket for alleged RESPA violations

Email [email protected] with any questions or comments, and subscribe to Housing Insiders on your favorite podcast platform. This podcast is brought to you by Bilt Rewards