Today’s episode of the AEC Leadership Today podcast features KP Reddy, Founder and Managing Partner at Shadow Ventures, who’s also a second-generation civil engineer and successful tech entrepreneur, advisor, and investor, and we’re talking technology, innovation, and venture capital in AEC.
Innovation, Advanced Tech, and VC in AEC
Warning! This episode is packed… and if you’re truly interested in learning more about innovation and advanced technology in AEC – and the funding and thesis behind it – this episode for you, and you’re most likely going to want to listen to this more than once.
Our guest is, KP Reddy, Founder and Managing Partner at Shadow Ventures, who’s also a second-generation civil engineer and successful tech entrepreneur, advisor, and investor.
In this episode, we get into a lot, including:
- The future of AEC
- The role of technology
- What’s happening right now in terms of innovation
- Why we need to think differently about both what we do and how we do it
- What types of firms have the biggest advantages
- The macro-themes that will continue to drive our industry
- How venture capital (VC) works, and
- Why we need to find a way to get a few more “nerdy friends”
This episode also pairs well with several other episodes we shared related to advanced technology, systems design, client experience, and leading our firms forward during times like these, which you’ll find links to below for you and your team to check out.
“The big mistake that can be made in this iteration of the industry is to only look at innovation in terms of ‘how do I become more efficient’ versus ‘how do I really benefit the customer’.”
— KP Reddy
In this episode, we discuss:
- KP’s extensive background in and around AEC.
- The differences between strategic and financial investors, service and product-based businesses, and established versus start-up businesses.
- Why ‘client experience’ is an important lens for considering value-producing technological innovation.
- What CEOs agree on but can’t seem to execute.
- Why smaller and mid-market firms may have a competitive advantage when it comes to advanced tech.
- What the most important ingredients are for taking advantage of advanced technology.
- How to develop an advanced technology strategy.
- What venture capital looks like generally and in AEC, and some of the initiatives being funded right now.
- The macro-themes aligning with and fueling AEC.
- Why AEC is likely to remain fragmented, and
- The likely new role of the future design firm.
“We are the only industry that can really drive change and solve the big problems and macro-themes we’re facing. It’s not somebody else. Apple’s not going to show up and fix affordable housing. Neither is Google or Amazon.”
— KP Reddy
Listen here to this powerful excerpt
Thanks for listening to the AEC Leadership Today Podcast!
I sincerely hope you enjoyed today’s episode. Be sure to check out KP’s links below to connect with him. If you like what you heard, please leave a review on iTunes and share the podcast with your friends, colleagues, partners, and peers. Look forward to seeing you in the next episode!
Resources and Links Mentioned in This Episode:
- Shadow Partners website: https://shadowpartners.co/
- Shadow Ventures website: https://shadow.vc/
- Shadow Summit website: https://shadowsummit.com/
- Shadow Partners LinkedIn: https://www.linkedin.com/company/shadow-partners/
- Shadow Partners Twitter: https://twitter.com/shadow_partners
- KP Reddy LinkedIn: https://www.linkedin.com/in/kpreddy/
- KP Reddy Twitter: https://twitter.com/reddy_kp
Other Related Podcast Episodes and Resources:
- Episode 82 – Connecting the Dots and Going Deeper Into New Ways of Thinking and Working (Systems Design)
- Episode 81 – Advanced Technology and Data Use Coming Soon to a Project Like Yours
- Episode 22 – The Business Case and Starting Place for Better CX
- Episode 95 – Leading Your Firm Forward
- ActionsProve’s strategic planning and advisory, leadership and management team development and executive coaching and Mastermind services