저자: KevinHu · 외국인
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Matterport는 3D 디지털 트윈으로 건물을 데이터화하는 플랫폼 기업으로, 부동산·보험·건설 등 2300조달러 규모 자산군을 겨냥한다. SaaS 전환으로 아이폰 앱 출시 후 2020년 Pro2 카메라 판매도 역대 최대라고 주장. 라이다 없이도 AI(Cortex)로 3D 재구성이 가능하다고 설명. Redfin 등 대형 고객사, 온라인 매물 참여도 300% 증가 등 수치 제시. SPAC(GHVI) 합병 관련 기대감을 드러냈으나 구체적 주가 예측은 없음.
다듬은 글
hey everyone me kevin here wow i was bullish on ghvi the spac merger with matterport before what you're about to watch which is an interview with the ceo of matterport i knew that matterport had some crazy use cases that i couldn't have even predicted some of which we talk about in this video but there's a bigger bomb that dropped during this that made me really really excited about the future for matapor especially how pretty much anybody is going to be able to integrate matterport data in the future in ways that well you'll just have to find out about during this video enjoy this interview with ceo of matterport oh and uh two things if you want to play with matterport while you're watching this there is an app on the iphone app store you could download and try i think they're releasing a beta for android maybe a beta is already out i'm not exactly sure yet for android you want to check that out at the same time you could also link down below or go to mckevin.com weeble and of course get up to 250 with block fi by going to metcalfon.com bf to buy your cryptocurrency so you're the ceo of matterport i'm so excited to have you on this channel first of all thank you so much for being here tell us a little bit about how y'all are planning to revolutionize uh you know housing or or properties and 3d scanning i know we're not we know you are going public through ghvi that's must be confirmed i know we're not going to comment on that but i want to hear about matterport sure i mean you know uh it's the most exciting time for the company without question and you know transaction aside we're we're the company that is turning buildings into data and what does that mean we create a three-dimensional digital twin of any building of any kind across all sorts of industries and all building types from hospitals to hotels to high-rises homes airbnbs you name it we've really built a platform for scale and especially over the last couple of years what we've really honed in on is making matterport universally valuable you know across the built world and why right because i like going after big markets and this is the biggest one that i've played in and you know coming from a lot of big tech companies myself i can tell you um the built world is extraordinary i mean it's a 230 trillion dollar asset class it's the largest asset class in the world there's four billion buildings out there to go matterport uh what a great place for us to set our sights on right i mean i think it's so amazing that even just solely looking at the real estate industry i mean covet has obviously made matterport like a necessity but even before kovitt redfin was using y'all exclusively i think they still are absolutely which is amazing uh on top of that the more i think about matterport the more i think my gosh in the future you could probably just have artificial intelligence read the data from these scans and handle insurance claims and maybe we could just we don't need field adjusters anymore architects contractors can use this can you tell me a little bit about these innovative use cases that maybe we're not seeing yet but like what that potential is sure and you know in certain markets they're we're putting them in practice today i mean the way we think about this digital twin it's it's the new system of record for this asset right lots of things we own cars etc you know have a vin number attached to a complete system of record and maintenance and everything you know for the car you own but why is it that there isn't something like this that exists for your home the closest thing we have is an appraisal and i think you know we can all agree that appraisals are hit and miss um and it is by no means you know a precision uh record of everything that's going on inside a you know a property and so when we bring matterport in it's not just about um a great visual tour of the property that's that's just a piece of it remember what our technology does right it's capturing upwards of 3 million to 5 million 3d data points you know in a matter of minutes and those data points reconstruct the entire uh building and property as well as the contents right and it's all of course you know dimensionally accurate volumetrically accurate but it's also photorealistic imagery as well right so a lot of sophisticated stuff happening in a quick scan but then we have everything right so i have the dimensions and sizes of every room but i also have record of all the contents everything that's in the property as well as the condition of it because we can see it in 134 megapixel 4k hdr imagery so you can get you know really up close and personal with with your asset and that's you know you can do these these capture the matterport in like i said in an average home in less than an hour and it's it's something that you know is i think a very valuable uh companion to anybody you know who's who's got a property so uh you know these the matterport scans you used to back in i think 2016 when i bought my matterport pro 2.
uh they were like four grand back then i think they're a little less now uh you had a big sales team and now it seems like a lot of the potential future could be going towards really software as a service because now you know we've got lidar on the new phones we've got a matterport beta app where we don't even necessarily need a camera now don't get me wrong i'm still using the pro too because that thing is freaking amazing but i think we're going to get to this stage and i think you all see that where it's all going to be done with a phone in the future what's your take on that transition like how important is this product to your business versus just software it's it's it's really important and it's it's fundamental to our strategy going forward where you know i mentioned at the beginning of matterport is really a platform company platform business and and indeed our our principal source of revenue is the sas software as a service um no longer solely dependent on the sale of the matterport pro 2 camera you know to keep the business going and and why why did we move to this platform well for for two reasons as mentioned in the beginning there's a massive amount of property out there to go matterport and we're not gonna do it sort of one pro two camera at a time we wanna make sure that you know there's a way in some sense to democratize matterport democratize that 3d capture get it in the hands of everybody and let let the you know uh the industry professionals and even the homeowners have a choice uh and have some flexibility and affordability you know to this technology to get started but there will always be a place a big place for the pro 2 camera let me tell you um you know and even through covet even through the launch of matterport for iphone you know we sold more matterport pro 2 cameras last year than we did in any other year in the history of the company wow it's fantastic um and it's it's designed you know with maximum precision and accuracy it's great for really large spaces we have a lot of enterprise customers that are shooting 100 to 400 000 square foot facilities and you're not going to do that too conveniently with a smartphone in your hand right i mean the long range power of the matterport pro 2 camera allows you to still get in and get out of even those really large spaces um pretty efficiently that's neat so i mean i know you've got packages now where you can take this data and move it into like an autocad it's been a little clunky lately what i've been doing with some of my architects is i've actually as a property owner and investor i've been scanning properties i'll buy the 2d floor plan we'll measure one of the walls on the 2d and then we'll just recreate it all in autocad are there plans for maybe an easier transition well i mean today you can use matterport once you scan a property we have it as an add-on you can click a button in 24 to 48 hours you can get 2d floor plans of the entire space and it's not very expensive and what we're working on is automating that as well because you'll notice that there is sort of a floor plan view and layout uh when you're browsing your matterport space and showcase you can go to 3d dollhouse view you can go to 2d and it's in that 2d is getting very close to a true 2d floor plan and so we're working with the same you know data science and technology that creates you know the matterport spaces that that you know today um to do the same thing for floor plans as well it's only a matter of time got it got it what can you do with with all of this data that's being collected i mean ultimately i love it i i could give it to my architect an insurance agent or an insurance you know claims adjuster you know us as humans we can look at it do you think there's a chance that appraisers are going to be put out of business by matterport uh that a who sorry oh that appraisers might be put out of business well you know what i love quite honestly is for um matterport to you know supercharge appraisers um why not put the smartphone in their hands and instead of using you know taking iphone photos and writing a few notes and pulling out a tape measure why not um go in and matter port the space or i guess the customer could probably matterport the space like hey you want an appraisal instead of 600 we'll charge you 300 just go around with your phone and matterport it really quick send it to this this you know person who might be sitting in idaho from you know appraising a house in california and they're just using the matter for skins is that a potential future yeah there's no question there's no question and that's part of that democratization of this right and trying to get a version of matterport that works right down into a smartphone where there's no expensive hardware you know required to get you started and could we then be pushing that you know right out to the homeowner absolutely right and um uh again you know depending on the nature of the space the size and the complexity of it um you know certain capture technology is going to be good for some spaces and for the larger ones you still might go to a professional but uh but absolutely for you know the large volume of property out there this is this is right where we're headed how dependent is your technology on lidar is is that like the main way of doing this and do you think there's any connection between what you're doing in like autonomous driving do you have your thoughts on that yeah so we actually launched matterport for iphone uh back in may of 2020 and at that point it was not uh attached to the lidar sensor in the iphone 12 it hadn't even been announced yet and the way that we're able to do that is all powered by data so you know there's a method to our madness in the first now almost 10 years of matterport's existence where we've scanned millions of buildings and spaces in 150 countries around the world and we use that spatial data from those captures to train our ai engine we call it cortex which is doing all of the 3d reconstruction so you know that's not happening on the camera um that's something that happens in the cloud that's being done in a very automated fashion to get that beautiful 3d model and that's using you know predictive technology predictive geometry um predicting you know length width and height of uh spaces from the data that we capture when you're in the building doing the scan and we can now predict 3d geometry just using flat photos from your iphone so forget about the lidar sensor you can fill in the gaps now with very very impressive accuracy uh and and that's going to allow us to unlock literally billions of smartphones that are out there today with no lidar in them and still give you great results so elon musk calls lidar a crutch is lidar a crutch can you do this with vision technology you can right i mean as mentioned like we're we're doing it today we'll be doing it on android um it's already in the play store in beta um smartphone capture itself is coming a little bit later but we're fully supporting all of the efforts that we've been you know building to date on the on the apple platform and ios is coming to android you know for the rest of the world that's you know uh on the android platform that's a huge huge opportunity for us and not all of those devices have lidar as well what i can tell you about it though is for what we do it is helpful and it's helpful because it can provide confirmatory information about distance and geometry of physical spaces that's that's really you know what it's good for what elon musk is talking about is well you know lighter gives you a point cloud so if you've seen ever if you've ever seen a point cloud either comes from a matterport or from a lidar camera you know it's a very pixelated you know kind of uh computer generated dot matrix view it's not photography right and so i wouldn't be able to tell you uh what type of refrigerator you have in your kitchen or whether it's a clawfoot tub or not just from a point cloud but with matterport what's so unique is um we are always getting depth data as well as that photorealism at the same time so we always have you know what you know what elon's referring to is you know real rgb imagery because that's where you can apply computer vision to truth like confidently recognize things in a scene right so recognizing furniture or objects or light fixtures in a building so when you're training your ai you're not training them on dots you're training them on the jpegs or or the images really oh that's right i mean i can go into any matterport model now it with our automated software and it can automatically label every room in a house how does it do this it's doing that because we've trained it on every kitchen living room bedroom garage uh you know uh you name a dining room we we know what are the defining uh you know aspects visually of those sorts of rooms and so uh and once you do that millions and millions of times over you have just you know an incredible uh data set from which to you know train the ai to do some pretty impressive things and i can not only label all the rooms but then we can also go back into you know homes that we've matter ported five years ago and tell you how many south facing windows does that particular house have and what's the square footage or surface area of those windows to solid walls and why would you care about that well one if you wanted to be able to quickly get a measurement to put new window coverings in place or simply do export all of that data into an energy efficiency calculator you can figure out how to reduce your energy bill yeah because you have to ordinarily you you pay experts to come tell you this is how much window exposure you have or this so that a lot of this you're saying could be automated i mean the amount of data you could get on a house it could be absolutely incredible with these you can probably automate good well i was going to say because we've got where those windows are positioned and then how high is the ceiling and how tall is that window and is it a pitched roof all of these things have you know implications on the thermal load of your property and we have all of that data to tap into i mean i imagine almost in in at some point in the future there could in theory be such strength in this data that you could almost do home inspection non-destructive home inspections you know you're not opening up walls or whatever but you could probably do home inspections to some degree where it's like you got four smoke detectors you got two carbon monoxide detectors oh looks like there's some you know uh you know i don't know mildew over there or whatever i imagine you could train your ai to just identify anything that's right you can and and we do that for specific customers who have a large fleet of buildings that could be industrial companies or even you know big retailers and you can train it on a very specific piece of equipment and then have it go in and look at a thousand different locations that have been matterported to verify does it have this piece of equipment you know installed in that facility or not and you can you can quickly you know imagine the efficiency gains that you're going to get out of being able to do that sort of remote digital interrogation of properties versus you know having to send people and boots on the ground to you know go in get access to the space during business hours or whenever and go through that process and then see if you forgot something or you wanted to you know measure something you got to go back in again you know a second third time all of that goes goes away once you have the digital twin you know i'll tell you your service has made me extremely lazy now when i do renovations i i scan it or actually i used to do all my own scans as of the last three months i don't do my own scans anymore i i loaned someone my matterport pro and then you're gonna do it very good and so now when i have renovations going on since i'm mostly in the studio here uh i could go okay here's the before here's what it looks like with drywall up here it is painted and then i'm sitting here with my scan up and on lowes.com okay i need this many lights this many ceiling fans this many outlets i mean even for property management purposes i've had tenants call us and they're like oh the power's out on this circuit we look at the matterport while the house is empty and we're like ah there's actually a gfci at the corner of this bedroom that just saved us 80 bucks for an electrician going out to figure that out you know that's insane right i mean you know but i was gonna just add to that that um you know let's not also forget that when you have all of your own building geometry um redecorating redesigning does that artwork going to fit on the wall we now have through our api we have a whole you know software development kit that allows you to do things like bring in three-dimensional furniture objects into your space so you can do space planning we have commercial clients that are doing this for the new world trade center buildings um where they've scanned all of the stories up the high-rise and the raw you know empty floor plates that are now just being designed out um right into the matterport space um everything from offices to conference rooms to furniture layouts and and truly artwork on the walls and stuff it's really cool to see wow no that that really is how do i get is that is that under true plan or matter power pack it's uh predominantly through matter pack that's you know if you if you get a matter pack you're downloading your point cloud and your panos and then you have access to modifying those in all sorts of ways and i'll give you a couple of examples um vehicle showrooms right and of course and even you know during covet it's it's is particularly interesting where people aren't really going out into a lot of physical retail stores and shopping for stuff they're kind of you know moving more online and staying online and so the showrooms are even you know matterporting their locations but they'll swap in and out vehicles and you can do it both with actual vehicles but you can also do super high resolution cg computer generated versions of teslas and ferraris and things and just dropped them into the showroom for a virtual tour wow oh that's really incredible yeah scan the space drop in whatever you want kind of thing that's incredible so i mean the future here it really it's almost i mean ai's is in some sense exciting but then on the other sense it's also like scary there are a lot of agents today that i hear and and personally i think it's ridiculous but i hear agents like oh 3d scans no we we don't do that that that compromises safety or whatever because now people know the floor plan what do you say when you hear stuff like that well first of all you know it's understandable when with technology like this that's fairly disruptive it's transforming an industry you know for people that are first introduced to it you can't know entirely what the downstream implement implications are going to be right i mean i used to hear things like um we don't want to do a a a matterport virtual tour because that's going to keep people from coming physically to the house and i need them to show up at the property i need to get their business card and find out if they don't like this house i've got three more down the street like i'm going to lose you know the the rhythm and flow of of my business and how i network and do all this stuff and not an unreasonable hypothesis but you know now you know matador being in this for 10 years couldn't be further from the truth the in fact the opposite happens what the first thing that happens is engagement in online property searching goes up 300 percent if you have a matterport digital twin attached to your online listing like that's crazy in its own right 300 well then what it does is it gets more people interested in the properties and turns up more people at the open house is because it's just greater engagement and a greater aha moment where you're not you know kind of put off or limited by just a subset of photography of the space and you know when it comes to privacy and security and those sorts of things well you always have the ability to leave one room out or you know uh close the doors in the closets where you keep the values you don't want to be you know matterporting those parts that's fine um and people have kind of you know grown to accept that and get very comfortable with it because you know the the outcome of it is so powerful house is so faster and for a higher price so why wouldn't you right at the end of the day if that's one of your objectives that's a good point what do you think about uh i mean is this something or or have you all already been working with the insurance industry on this uh can you speak to that sure you know the it's a fast-growing category for matterport uh and has been for the past few years and there's a couple of areas one is actually in the um claims and restoration category so similar to using matterport to document a construction progress from you know framing to sheetrock and finish work matterport is now being used essentially as the claims adjuster so now the the head office adjusters don't have to go down to the burned out or flooded out building or even if there was theft or you know damage of some kind they'll go down capture the entire situation and then allow um all of the adjusters from across the country and specialists for building forensics experts etc whatever is needed depending on the nature of the situation can all access it you know with a click versus again like putting them all on planes and you know dealing with it in a manual fashion and again you have precision measurements and things and uh and the restoration teams will use it to document the process so claims get um you know resolved much faster and also with greater precision so there's the insurance companies are wasting a lot less money in the claims payouts because they have a precision assessment of the work that's needed to be done where these other versions of appraisals if you will um were not you know so high fidelity and and it causes a lot of churn and it takes a lot more time the other side of it as you could easily imagine is well if i've got this digital twin isn't this a an easier way for an underwriter to give me a more precise quote and maybe a better price on my homeowners insurance policy because i do have a system of record of the house the geometry of everything about it the backyard the you know the basement as well as all the contents right because you're always doing contents insurance as well and trying to cover some amount of your personal belongings this is absolutely you know the way in in a matter of minutes once again you got something that you know an appraisal in the traditional sense would never provide that's i mean that's actually to me you could potentially unlock and i know you're getting started with like with this on claims but what you just described is this potential future where in theory rather than filling out an insurance application where they're like would you have granite or stone counters like stone slash quartz do you have carpet or wood right rather than that it could literally just be a enter your matterport link and instantly matter report could probably provide data to the insurer about it looks like we have a self-closing hinge on the garage door it looks like we've got the fires and smokes this is where we have the fire sprinklers uh you know we've got gas appliances first electric appliances whatever it could probably identify a whole host of safety hazards it and then probably kind of do what tesla's doing with insurance where tesla's ensuring basically their autonomous or their ai is really what they're ensuring with the self-driving but you guys are providing that to insurance companies how much would this blow up your business if if you if everyone who needed to get home in an owner's insurance needed to do a matterport scan yeah i mean uh it if the the the view we have on this is you know kind of twofold there's there's the digitization of the build world which is what you've seen with us creating the digital twin right that's that's a really you know powerful we think multi-billion dollar business in its own right then this the second part of our strategy and and you know key part of our platform is the datification of the built world right and and that is just what you're talking about here unlocking um a stream of data that can come out of these you know digital twins out of these scans that can feed industries from you know the furniture industry and space planning and architecture to insurance and even mortgages right same same thing like they're all based on some assessment of the asset and that assessment whether it's an appraisal and an appraisal plus a few other things is woefully insufficient right if we've seen you know mortgage industries collapse and take the entire economy down with it oftentimes that's because the properties that are trading hands through you know securities and mortgage-backed securities you know investors um is the the assessed you know description of that property isn't worth the piece of paper it's written on right and that's how we saw a lot of those employees could this you know be rectified you know with a uh some ground truth data or a system of record with much greater you know granularity to it and we think we think the answer is yes how long until we see appraisers using matterport or or having you know people do their own skins or whatever when do we see that go mainstream yeah i mean it's happening now we have yeah it's it's and it's great to see where in some ways it's a bit of a grassroots effort where people anyone of course can just come to matterport and start grabbing you know digital twins of anything for whatever industry and that's always you know exciting to watch just how much pull there is for this technology into the industry but then you know specifically around uh our efforts in the vertical in the category of you know insurance appraising mortgages and things of that nature you'll see more of that coming from matterport this year next year like we're in the middle of it now and um uh it's it's it's one of these things where one the technology has to i think be again universally applicable meaning that it has to work consistently across you know virtually any type of property if if it's going to be something that gets generally accepted or becomes a standard right and that's why again i i always emphasize the importance of us adopting a platform strategy to make sure that that that actually can happen right because um you don't want matterport to get it wrong right or to be inconsistent in you know the kind of data that it's providing you know to such a valuable set of industries insurance and underwriting and the like so um plenty of work is being done on our side to make sure that we can you know have uh not only great technology and great accuracy but also great governance around this as well now what what's next then i mean let's say you know if you had an extra billion dollars let's say is it advertising to get into these industries to really get all states to say for example we need matterport on everything uh or is it a new camera uh is it improving the ai what's where's the biggest next thing yeah um there's always room and we will always i think matterport's established it's its leading position in this in this market in this industry um because of our relentless commitment to innovation and continuing to lead the category and we've got some super exciting stuff coming later this year uh and next year as well like there's just there's a lot of stuff in the pipeline um from an r d perspective um but what we're really you know to be quite honest i think um we've achieved a um a level of momentum in the global market that is and we've we've matured the platform to a place where it is a replicatable value proposition so you know where am i putting the resources in the business right now is scaling you know and getting in front of more customers in more countries and in more markets as you know efficiently as humanly possible there's a lot of value for matterport to deliver in the world with what we have today right right so i agree with you i'm not being held up by some missing pieces of technology or in need of another you know kind of sensor breakthrough i don't even need lidar on on smartphones um to just run like the wind right right now what we need to do is just continue to scale delivering matterport in our go to market in the most efficient way possible so that people you know can get their hands on it and just start using the product um without effort that makes sense yeah that's a scaling i think i agree with you and then going to international too i mean that's incredible there's like you said there's so much opportunity out there i guess i have this this vision of in the future uh i you know i could just maybe uh take a i don't know let's say this this coffee cup is is a camera and i could just open the door walk through it and and in two minutes it's done everything and it edits me out how far away are we from that like am i dreaming how far away because right now i gotta set the tripod and move and it's awesome yeah but like how far am i away from that dream so the you know the part of this that was so important for us to open up we call it our capture ubiquity strategy which what does that mean means it's pro 2 and you know a host of third-party capture technology um bring your own hardware if you will right it's inclusive of our own product which we've talked about is is really really important to our our continued long-term success but um by opening our our minds this way you also open up the optionality you just described you know so uh we're using 360 cameras today right in the middle there's the high end cameras like the leica blk the lighter camera there's 360s there's of course pro 2 360s and now smartphone but let's remember like what are security cameras right there they're everywhere right and many of them are our 360 or 180 uh spherical lenses stuff we already use to create matterport models and um why couldn't you imagine that fixed cameras in properties couldn't turn into real-time you know 3d updates where you're doing matterport updates you know by the minute by the hour you know etc of course of course it's just imagery we can take any flat file you know image and if we have enough of them with enough coverage you know sort of eyes on uh the space from enough angles we can recreate the the 3d digital twit and so that's absolutely amazing we're very much you know thinking about this because um there are many um customers again maybe not so much in residential real estate but in commercial or retail etc where um or manufacturing where the spaces and the internals of the space production lines equipment etc changes on a monthly or weekly basis and facilities management means something different to them and if we could provide a digital version of that facility's management capability again the the amount of efficiency that it would bring plus the accuracy and precision that's missing from that you know manual process today already uh is huge right and so um we think well we not only think like we're doing it today in those you know specific instances but does it does it find its way into the smart home at some point without question wow wow there's a whole other industry what about zillow so zillow they don't let us integrate matterport i cheat i put a link on my zillow photos and i link to my matterport like i put a short link but i'm sure i'm violating some rules by doing that and zillow if you're watching just change the system don't ban me but why what what is are they just are they trying to take the data what's zillow doing well um first of all one thing that zillow does support today and i see it moving in a really positive direction they do support in the mls listing it there's a field for virtual tour and so if you have a url a web link which you know is what you'd have it once you have a completed matterport space they are honoring and publishing and incorporating that into the zillow listing and in some cases we're seeing it actually get you know positioned pretty prominently uh in in there alongside even their own because i think you know what zillow's been uh trying to do is is figure out the ecosystem they have their own um virtual tour offering where you can use a smartphone and a 360 camera to capture some imagery and give you a bit of a look around tour um which isn't bad it's a good it's a good uh you know starter experience for those that want to get familiar with the virtual tour but it's not matterport and um and there's a lot of people that come to us and say how do we get matterport on zillow like and they go to zillow and and say how to you know zillow how do you let matt report on and um you know there's i'll what i can tell you is i think there's a um a good meeting of the minds on this and you know zillow is a really important platform to the overall real estate ecosystem here certainly in the u.s and i think it's it's uh would be valuable for all of our respective customers and realtors and the like um to crack the code on you know maybe opening that that aperture up a little bit more uh to partners like matterport so um you know nothing to report as yet but i think we're moving in the right direction and and just in case uh just so you know i i had you down here and i just moved you up here in case you're wondering like why my eyes are up here now cause i know sometimes on zoom that's like where are you looking so uh okay so i mean this makes sense uh is it possible though that is is zillow like could zillow benefit from having like being able to gather their own data is is this going to be something that's very profitable in itself like like you if you make uh you know i don't know what your average cost per thing is i get my bill and it pays automatically but let's say it's like ten dollars per space hosted uh you know is it more profitable to get that ten dollars or the data yeah so here's what i know um and what what brought me to matterport um alongside my tech career i've been doing real estate projects since i was 13.
whether i liked it or not my parents you know threw me into the mix of like fixing up the old house that we would buy it's a perfect fixer-upper and get to work um i ended up actually you know falling in love with that whole process and uh i've done a number of design build projects over the last 25 years and and i love actually looking at how technology can intersect with this category in this industry and and i've seen it start to you know modestly transform real estate and um you can look at companies like open door as a good example of you know where is this all going right and they're trying to move to more of an e-commerce type model and it's perfectly reasonable um to imagine a future where you know digitization doesn't come to just the digital twin and what we do but also into the transaction right because look how e-commerce has made it so much more efficient for us to shop the retail world um now online there's there's a version of this um that i think will will hit great scale at some point in time there it's an inevitability i don't think it's a replacement for the the real estate industry as we know it i think it changes everybody's roles and they will become these you know kind of digital nomads in the space and there's there's an important there's important role for everybody to play in that and so data no question is you know what everybody wants and it's not just an open door or a zillow i can tell you like keller williams compass all of these you know modern agencies are looking to get an advantage in the game that is a data-driven advantage right what can i know about my properties that i have listed and sold before and then maybe re-listed again what's happened to the property you know can we start putting some data intelligence behind you know this flurry of of transaction data of course we can right and i think you could start to find some you know really interesting insights in your very own portfolio ah okay so so definitely definitely some interest or or some competitiveness in in going for that data do you think there's a there's a risk that redfin might do that too i mean what if redfin says here use our redfin app and do a scan with our stuff instead of matterport i think look our our view on it has been that that possibility has existed for 10 years and you know and matterport's only you know gotten bigger and you know a greater scale and our view has been to be an open ecosystem where um if somebody wants to do that that's great but let's let's also remember that um redfin gets access to that data if they want to create data insights from matterport uh digital twins that they've captured go for it that's part of our open platform right we're not the only ones that are going to be doing data mining out of you know your spatial data for your property in fact what we're going to be offering later this year is a third-party marketplace you can think of it almost like the an app store where you'll be able to get these little add-ons that can do all kinds of things to enhance the space that you have or do some kind of energy analysis maybe even give you a quote for home security system just by being able to automatically kind of move through your space and you just hit a button and say yes i want to opt in to any of these you know kind of third-party services let them you know tour my home either algorithmically or manually and then just give me a quote a bid a proposal on you know any one of these different things jeez i mean that's a that's brilliant if you open up an app store for this in theory a homeowner who has a scan of their property could download the the paint quote app and and it automatically says hey this is how many square feet of walls we have uh nobody's walking around with a measuring stick years it spits it out for you you can give it to a painter maybe it even says hey based on your zip code this is how much like anybody can develop an app basically off your data is what you're saying in this matterport app store exactly and then you know who wants to have you know 10 different you know paint contractors coming to your house scheduling you know time to walk through give you a bid you don't have to anymore you move it all to the cloud to the internet and you can have a hundred you know uh contractors get you know come in and uh measure it all up size it all up through your digital twin and then you just have you know 100 competitive bids and you can just choose you know the one you and suddenly you know everything scales and you create an efficient market um and that's what this is about is to try to help you know create some efficiency in the overall ecosystem of properties when uh when can i expect to be able to use or do more scans outside i'm gonna pull one up here i usually have to do my scans uh pretty late in the day or early in the morning uh pull this up here let's see uh and that's because you know it seems like the more sunlight oh i think i may mess up the uh i'll just ask the question before trying to show this uh it seems like basically your data it gets lost if there's too much sun when when can we expect that to change and then we could scan outside and get those exterior data points as well yeah so what's happening there and this is this is primarily one of the you know tricks with the pro 2 camera because our depth sensors that are on board it's not lidar um it's a structured light sensor and so it's a beam of light that shoots out and back and basically allows us to you know determine based on the speed of the return um how far away a wall is or a surface that you're pointing at and if there's sunlight or glare it's going to throw the beam off right so that's what's happening now lidar uses a laser that doesn't you get impacted by uh sunlight and glare in the same way and so if you're using that's why you know especially for large you know like a hotel project but commercial building um we see all our customers using uh the leica blk right because it's it's impervious to that limitation you can kind of you know shoot any time of the day so that's one thing oh so i could take the leica likely you'll have i could take the like far better consistency outside now what's the other device that happens to have a lidar sensor on it there you go right the iphone 12.
so this this will help in shooting outdoor in a mini version of like a blk wow i'm going to try that after this i'm going to take you up on that wow here's the challenge i'll give you just a tip on it and also it's it's why you know um why the iphone isn't going to replace the blk tomorrow and big commercial projects and it's not even going to necessarily give the pro 2 a lot of run for the money and that is focal length so um not unlike the the face scanner that does face id that has a very short range where it's a 3d map of your facial contour it's good for about a foot maybe two and um the lidar sensor out the back of the iphone 12 is better but not much better you might be getting closer to 10 feet uh something like that maybe you could get to 15 if the conditions are you know are right um but mileage varies a bit as and it's a new new sensor new new technology for apple um we've been working closely with them on this and um you know we've got a great solution as a beta product and if you download the capture app for matterport and you have this device you should try it because it's it just adds a level of finesse um to the to the mesh and the 3d model that's you know for a handheld device is pretty spectacular and so if you're going outside you just can't be too far away from the structure or the lidar isn't going to be giving you the benefit so if you're like 25 feet away shooting back in the building not as much but if you're you know if you're within 10 feet you can get pretty good results i recommend it so you had mentioned earlier the goal is to sort of democratize this this real property data are you ever going to stop us from being able to buy gamestop i don't know because vlad over at robin hood i had interviewed him on the channel and and one of the things he talks about is democratizing finance and stocks uh but uh more more realistic question here is there a future of uh of investing in bitcoin at matterport like elon musk has done um you know it's it's the short answer is most likely not for a while and and why is that well um i think we're still trying to get comfortable and confident with what are the what what is the true virtue and advantage of uh crypto and let's just go with bitcoin for the moment that seems to be the the hot flavor of the quarter um and you know is it really you know impervious to fluctuations in the economy and in inflation and some say yes and then we we see you know as recently as the last few weeks like maybe not um and so uh i love all of our friends out there in the in the industry in the category experimenting and making some meaningful you know bets but ones that they can afford uh to figure it out for us like i'm all for jack dorsey making his investments on the square frontier i'm all for elon musk and everybody you know experimenting and even the investment banking category like let's let's see but you know for matterport uh you know we're one degree of separation maybe two away from the financial markets where that needs to be you know immediately on the radar there's 101 ideas sure within my own company people with concepts of how we could you know take crypto and and do something very interesting for the built world but i'd say it's still early days for us we got so many other fish to fry and just building a fantastic experience for our customers that you know our hands are pretty full gotcha that absolutely makes sense okay very interesting so uh big thing now is is scaling are you having issues with matterport adoption in other countries or are you seeing the same thing that you're seeing here in the united states where once people start using it they go oh wow yeah i got to keep doing this um yeah what i so yes we're in a hundred and we've matterported buildings in 150 countries now and growing like that's doubled in less than two years um so the uh the international sort of connection to the value proposition is without question there it is universal um it has i think that sort of walk up aha you know moment to it um the the challenge is a little bit different just in that you know that's a pretty distributed challenge for us right with with so much um global uh acceptance and adoption is now just getting organized about how we meaningfully go after these regions so you know we've set up a headquarters in singapore which is where our asia pacific operations you know is centered with a fantastic team that's small but growing um we've got a more mature group out of london which has been headquarters for all of europe and middle east um and in all those cases for us in in part of why we're you know um excited about 2021 here is um you know to really put some scale resources to work to just expand um and speed up that go to market in those you know key growth areas for us because you know in in just china and india alone they represent two of the most dense building stock countries in the world with billions of buildings to be matterported um and that's just two countries and there's some surprising opportunities all across these regions that have just yet to be uh i think fully uh tackled that we want to get after absolutely question from the chat any uh thoughts on virtual reality but obviously you're creating these spaces we can put in virtual furniture and that i want to put on a mask and i want to go walk through you know will smith's house and and play call of duty walking around this house you know what when how long are we away from that ten years five years it's there today you can find matterport spaces in oculus you can go on facebook they're a partner of ours we've done museums around the world you can drop on a headset and literally walk through they've been richly matter tagged with videos and information um it's actually quite a quite a popular category in the last year or so has been the adoption of matterport in museums because most of them have you know shut uh in the last year and we're creating a virtual alternative that some are saying is even better and so we've supported you know vr integration for a while and to your point it matterport already is essentially a virtual reality so the headset is just a different version of a screen if you will and yes it's more immersive it's really cool um no doubt about it and so as again as a platform company for us it's just saying let's make sure we support that medium as well right so if you create a space you should be able to you know put a headset on and go got it wow that's incredible uh you know i i know um and we're not gonna touch on the the spac process and that you know once once you're public uh any any like what what happens if somebody comes around a big company comes around and says hey we'd love to buy you out is that an end game for matterport or is right now just the focus scaling um well you know it's it's sometimes more likely that something like that happens before you go public to you know before it your your position in the market changes as as ours is um but at the same time it also raises your profile right so other companies will will pay attention and and maybe something like that occurs but um the reason we are are doing this transaction and going the route of a public company is to scale uh 100 and um and we've got a phenomenal plan to do this and um while there are you know any great company if it's a great company maybe it does become an acquisition target for us we're going out and partnering with all of the best companies in technology best companies in real estate uh and creating i think what i think is a really long term durable ecosystem uh that's been the strategy to be totally transparent and um and i think that's that's going to lead to us building the next big platform in tech wow wow i i don't i don't i keep seeing this question in the comments people are asking about crime scenes have you sold these to police departments it i it is a use case for sure for sure wow i mean i mean it's actually a really good question because i mean i think about it like you can't really go back to a crime scene after like they take all their photographs they probably have thousands of photographs you know the far the mid the close photo with all the triangles and stuff they put around but then at some point the crime scene gets cleaned up and you're gone you can never revisit the crime scene again yeah i mean the theory here you can just put on an oculus or whatever virtual reality tech in the future and you're at the kind of scene again yeah exactly you can literally be there and you can be there maybe even moments after you know it occurred and it's also um been used for um crime scene reenactment so you've seen this before where you know uh same kind of thing somebody will go in with some tape measures and things to us and they'll try to recreate it in cads have this sort of low-fi 3d re-enactment of you know here's the bedroom here's the living room here's where the person entered and the sort of forensic files or uh you could you could do it with matterport uh and it'd be the actual space right um and so that has that's happening yes that's incredible yeah i'm just thinking like forensic files you get these like funky graphical geometries and then just these lines bullet went this way but you could actually put that into a space yeah yeah and especially you know you can zoom up and you can get the the dollhouse view and that bird's eye view so you could see the flow of you know the property and how how potentially rooms were um uh adjacent to one another in a join so that whatever however you're trying to explain your case of how something you know actually happened you you can do it with accuracy i have uh yeah somewhere i had a tenant reach out to me once and they're like hey kevin there's a there's a leak on the uh on the kitchen ceiling and so i pulled up my matterport scan on it and just to purposefully go to dollhouse and i zoomed in to where the point of the leak was and i'll pull it up if i can if i can find it i just have so many of these scans oh i have it oh my gosh you got to see this but i'll just pull it off really quickly because it's too funny but uh yeah so let's go into it here really quick so this is my this is one of my first matterport scans ever and this was a renovation that we did and the tenant complained that there was actually a leak uh let's see here uh oops sorry uh wrong that's actually showing the wrong screen here let's uh that's jim cramer hold on i gotta find it where's my computer uh there we go that's much better okay perfect uh okay let me make sure okay you could see that well right yep let me make sure yes okay we're good okay cool sorry so uh this basically up here is where a leak was and so what we did is we just came in here in dollhouse viewed like you're talking about here zoomed in uh oh i'm zooming into the screen here but anyway we zoomed in sorry i'm resetting my uh setup here yeah there we go zoomed in to where this was and in the dollhouse we realized that it was literally right under the toilet where this leak was probably coming from and it was it just ended up being the wax ring i mean just the use cases it's just like specific things like that it's just crazy that we could solve these things yeah and um you know uh and soon you also being able to add things like an annotation to that model so if you did do that repair wouldn't it be great to know like i replaced the o-ring or the seal in that toilet in that bathroom on this date right so similarly to having your your service records on your vehicle right which is all nicely organized for you and attached to your vin number and with your dealership it doesn't exist for houses but wouldn't it be great you know if you had that and you you knew visually which one it was versus just having a receipt in a drawer for you know i i fixed a toilet well which one yeah and in theory then that could in the future just be synced up to your insurer as well and oh wow this person's actually improving the property over time which i know uh you've got companies like have you heard of uh is it who is it who's doing lemonade lemonade insurance yeah yeah all everything's just ai based have you talked to them yep yeah okay that that me is really interesting because they're trying to do ai claims they're trying to do ai quotes basically for people or everything's chat based you guys would be a match made in heaven yep yep i mean they're doing really cool stuff as you probably have seen they do insurance for pets super innovative like you know kind of uh pushing the um and it's all data driven right and so is matterport and and yeah we're we're we have um you know probably 10 of the largest insurance companies in the u.s our partners and customers of matterports today and we're working on you know what i really want to see is us pushing towards those value propositions for the consumer the homeowner the renter um you know all the way out to like you know lower uh uh insurance policy fees and things like that right faster claims all that stuff so uh it's it's uh it's all in motion that's that is so exciting i mean just i just think about like even just the amount of insurance fraud that exists and how many how much money matterport scans would save the insurance industry like i think of it as a real estate broker investor but it's it's it's a it's a problem that has you know challenged that industry for gosh over a century um it's it's a hard one you know but not so hard uh when you have an unmistakable system of record like matterport that you can refer to as your source of truth um it's it's really really powerful and you know and it's a it's a low-cost low um uh footprint you know piece of data to store an archive for the life of a building like yeah that's it's negligible against the value of the building so um you know we we're excited about it right um that's why when we started matterport for iphone we we're saying to everybody one space one building one house one you know vacation rental for free like scan it and go like let's get let's get a billion buildings you know up on matterport on the free tier why not it's you know with a with a smartphone and especially if you happen to have lidar like it is a high performance you know uh freebie probably of the best i've seen and uh and the power is is not just in you know the scan and being able to walk through but again all these different things we were talking about that we're going to open up in that ecosystem and the marketplace and using it as a property management you know system for you that's visual easy to understand um it's the best way to maintain your property yeah here's a good question somebody's asking about maybe even like potential for for failure prediction uh you know hey this looks like there's a leak forming here maybe the ceiling fan looks like it could be falling down soon or something like that just little alerts like that is that something that is far out it it's not far out at all it's it's all right here it's because it's available data and not only you know failure predictions but stuff that's out of code right that's falling out of compliance like you know that stairway has no railing like or you know uh the plug sockets are on the are too low to the ground like they need to be at least whatever 12 inches or or 60 whatever it might be in your city or you know town state's jurisdiction so many things like that right on the inspection side of the house um that when you for example remember when you're buying a house or selling a house especially when you're buying there's not only the appraisal but then you usually like pay a contractor to come in and you know go tell you as their you know is the foundation cracked or are these pipes going to explode or what have you the matterport model can see a lot of things too right um that you can have a lot of people look at and inspect and measure without having to even set foot in the property now i know this might be a little step out of your wheelhouse and i touched on a little earlier it's just something that comes up so much and you've you are clearly so knowledgeable about lidar and this vision i i gotta ask elon's thing is no lidar just cameras only we touched on this earlier but every other automaker is gotta have lidar gotta have a lot of air gotta have lidar i know you say it's possible with these 3d scans to do this with just the camera attack which kind of reiterates the elon argument do you do you think there's is elon going to hit a wall at some point with the self-driving and again i know it's a little out of your wheelhouse but i got to ask because you you're so experienced on this vision stuff yeah so the reason that um there's so many companies embracing lidar is um the the speed at which it has to see and respond right so different from matterport where our scans are just a moment in time but it's asynchronous right you're driving a car down the road in real time and you're going 70 and stuff's coming at you and and so you know can it all be seen with an rgb you know camera lens or a video camera and processed and interpreted and can the distance be triangulated with enough accuracy in time you know it's a course correct don't know like you know it it's it's a work in progress i have a tesla i have since 2012.
and wow and i was one of the beta customers for the first model s rollout and then you know i'm i'm in my model 3 with full self driving and you know it's it's a hair raising beta put it that way like when you're driving up and down in silicon valley on highway 101 like it's not for the faint of heart i'll i'll tell you that but you've got was that you you got in on the beta oh yeah oh man i gotta come up there now come on man i want the beta it's it's it's um it like i said it i'm i'm a believer that like you know with enough data you can get there and he's built you know a data network like we have you know instead of it being you know tens of thousands of people out there scanning properties it's tens of thousands now hundreds of thousands or maybe over a mil maybe probably about thinking of those that have you know enough uh data from the vehicles coming but you know hundreds of thousands of data points you know to train their engine on and so um they're doing it in in a little bit different way than some of these other guys who are um uh you know strictly basing it on sensor technology and and i think look i think both ways are are reasonable but the use case being a little different from matterport in that you have to be able to process respond and learn in real time is a whole different ball game got it got it i i see a comment did you used to work at apple and ebay i did yes and google how was that and google wow you've been all around um you know great great um i'll i'll share one you know a couple of anecdotes i i think anybody who's you know pursuing a career not even just in tech but you could be an accountant a lawyer finance person everybody should do a tour of duty working at such an amazing purpose driven company like ebay i mean creating economic empowerment for 190 countries around the world like i mean it was a gift and a privilege to be there i was the first chief product officer at ebay in an effort to really restore product and innovation-led uh thesis for uh what was a 20 year old company at that time um it was a really exciting time to be at ebay and one of the things i loved about it by the way i thought was so fascinating is there's a whole real estate category in ebay that not a lot of people pay attention to but you can go buy you know wonderful piece of land in arizona like five acres for a pretty good price like um right on ebay um and of course now modular homes and you know shipping container homes and all kinds of interesting things are popping in that category um and uh you know i i feel like it's it's helping to nudge you know a little more of that digitization of the whole property industry in the right direction uh and at apple it was a great experience too in all these cases i i went in to try to be uh to do something fairly disruptive and entrepreneurial but in these sort of larger established companies and uh and i was at apple during steve's last you know kind of run and uh which was just an extraordinary time to via the company and um first product that i brought to life in the world of of ecommerce first sort of like all online launch was the ipad one um why in the world does uh do we all need a giant iphone this thing like you know people made fun of the name the tablets had failed a hundred times over from dell and every other company like this is this is apple losing its way and then of course it went on to become like one of the most successful products in the company's history and all of the trends and the naysayers and and i i saw inside that company just incredible stamina and durability to ignore public opinion and like just continue to stay focused on bringing great products to market regardless of what the spectators you know would say because the noise could get pretty loud um and i give that company such enormous props for even today like just continuing to do amazing things that i mean that is that's really incredible and i'm sure that's helped you a lot at matterport because i mean in any kind of business you start you get those naysayers i i it's still one of the reasons i love your company so much is because so many people still don't see the value like the the opportunity to grow it like into the spaces is unreal yeah and you know and we hear that too i mean it's it's 2021 we've been through coveted and sheltered in place and you know we 10xed our customer base last year and um uh and yet there's plenty of people who just say like you know virtu i don't you know i don't understand that there's really any value beyond a good old-fashioned open house and great photography you know on the website and you know i don't they don't argue with them i actually take the feedback as a learning instrument to say okay well what do we need to do to position matterport more squarely you know to drive the answer to that you know proof point right through the living room window so to speak right um and it's it's always um informative that way and one of the big things i've taken away especially from uh all three of them google apple and ebay these are extraordinary customer-centric companies um relentless at putting the customer at the center of everything they do and um and i'm really bringing that to matterport and it's a work in progress but it's it's a big deal we've hired some phenomenal uh just hired an incredible woman into our head of customer running a huge global customer operation for us and that's not just customer support that's that's kind of redefining how we will position ourselves you know with the the very constituency that that's brought gotten us this far right and you're going to see some really really great things i hope but i'll check in with you you can tell me but um you know we're we're really investing uh big time and bringing a ton of better um more conscientious uh support but also more value proposition that we just want to stuff into the matterport offering that you're already a part of um and not in a commercial upsell kind of way but just you know we've got so many great customers that have been with us for a decade now um and we just want to keep pouring value into the platform and the you know the system you're already using and that's where like all those data unlocks you're going to see just a ton of stuff um come out that um hopefully the reaction will be that you know how i've always used matterport it's been great but you know um now that i have these new features i don't know how i could have ever lived without them in the past wow it now er what about like churnwiser are you getting a lot of new competition or or is this kind of just like a tesla verse who's next well um we look we we we do have an advantage of being first mover but also for scalar um and so i think the the volume of spaces we matter port you know in a given day or even a given hour sometimes is bigger than a lot of these other companies combined i mean it's it's just not even in the in the same zip code but i don't say that um you know uh arrogantly that's not so much the point it's just we do have scale it doesn't mean that you can't have a phenomenal newcomer that's you know got a breakthrough technology doing something different and maybe better than matterport uh and and in fact you know what we're trying to do here is create greater adoption and acceptance of this this you know market as a whole and so we were a small company once i've done plenty of startup companies before those big ones that that i spent time at and um and i have great respect for the entrepreneurs in that regard and what we've done in fact in many cases is instead of looking to any of them to figure out how to you know bury them or you know just outrun them or outgun them we try to create some interesting collaboration opportunities where we can bring some of these innovators right on top of our rails and do some things you know with the matterport space and start there right i'll give you one simple example there's a cool company called all seated and it's a it's a startup company that does virtual digital event planning and uh and it's it's a fantastic um business and what do they do that you pick a hotel or a banquet facility or something we might want a wedding and then you would go into the process of laying it all out how many people will it fit does it have the right you know size dance floor whatever right down to like silverware and you know place settings on the tables it can all be done digitally and um you know that could be a business on its own that is you know tasked with having to go create the digital twins of all of those event spaces around the world just to get started right or you can partner with matterport where we have 25 000 event spaces uh already in the library who would love to have your value-added space planning tool on top it's only going to drive more business you know to that venue right and wow and so our minds are much more towards how can we create a one plus one equals five here with some other like-minded companies that are trying to do cool stuff in and around virtualization of property that's fascinating because i mean uh before covid i i would do events for real estate i would never really know what i was going to get if i went to vegas let's say and i had to hit up 10 or 20 different venues for a quote i'd get a paper quote maybe one picture of a potential room or whatever but in theory you're saying i could almost just reverse this and in the future just search based on the 3d tours i like the most yeah yeah by the way uh my new favorite uh pin board on pinterest is my matterport board and um and who knew but one of the coolest places to go discover amazing matterport 3d you know digital twins of extraordinary properties and historic landmarks around the world is on pinterest and once you get going and pinterest as you know they have all they'll suggest more like this and if you like this kind of stuff they'll show you more and there are i mean hundreds of thousands of matterport spaces out there um that's just fun to consume fun to go explore and and in many cases it's a good source if you you know want to put your headset on and really go immersive with them uh that's where you'll find a ton so a little extra uh tip there but it's it's really interesting more so than trying to search for them or discover them on google which you can find you know a matterport of just about anything this is one where the browse experience just unfolds a really interesting you know portfolio i noticed like peloton they will steadicam video a path for let's say a biker or whatever and play that back to you as if now you're riding through a space is there a potential connection here between uh you know virtualized fitness so to speak or being able to immerse yourself into that museum while you're working out or something like that that's interesting idea um uh short answer is yes right and as a platform business what we hope to be able to do is you know create the flexibility of how and where you deploy this content uh into all sorts of use cases without again like having to do any special coding or anything because remember you can view a matterport space on any device of any kind phone tablet with no special hardware or software really um and so why not right it's the the possibilities of you know where you could bring these these virtual experiences to our um are fascinating and we've done um you know some of the most interesting pharaohs tombs in egypt uh matterported um uh various pieces of the eiffel tower uh i mean literally like the the list of historic landmarks and old you know ancient buildings and structures and things matterport there's a whole category of what i described as building archaeology where they don't want to see what happened to the notre dame cathedral you know happen again where you lose a treasured piece of history with no digital system of record either to recreate it or to you know um you know at least be able to archive what it once was and so the matterports are super easy and and precision way to do it for you know again very very low cost relative to the value of some of these special places yeah oh gosh it's so easy i mean i i i think it was like five years ago first time i started talking about matterport photographers like no i i don't want to be a button pusher i you know i want to take 10 minutes to set up each shot and i'm thinking myself what you want to make yourself have more work why like where it makes it so easy i can pull the stills right out of there why would i do that i mean not not to not to like you know slam photographers there's obviously there there's so many cases where photography is so important but i mean for selling real estate golly i mean just it's so incredible what you can do with your technology any final thoughts that you have well you know um uh one related to that that's interesting i think the role is going to evolve of the realtor you know like as we talked about like things move online transactions go digital i think i think it evolves it doesn't go away i think the photographer role evolves as well um and you're gonna move into what do you do after you capture it right all of the digital enhancements and the layers of value you can add to the space is is a really really um powerful and there are i can tell you a lot of enterprise customers who will pay you know to have these extensive customization layers you know put on top just like google maps has all of these different layers right for shopping or entertainment or you know coffee shops whatever um you the same can be said for this kind of spatial data as well well and you know we did a um a house in san francisco really extraordinary um housing development project took ten years to build this house it was on two historic lots in the city right at the bottom of the curvy street uh lumbar street and um at the end of the day we when we scanned it we we did it with everything we used the laca we used our pro 2 we used 360 cameras and it's when we actually announced smartphone capture but we also did it at three different times of the day because it was an extraordinary view property so we did basically a sunrise uh daytime and then a sunset and actually did a fourth uh for the the master suite of a night view and so um that's where where a little bit of photography and creativity comes into play where if you shoot the place four times at four different times of the day you can get something that you don't get if you're physically at the open house like unless you're gonna wait there you know for 12 hours to see what the sunset looks like on this property or see what the sunrise looks like or what dusk is like and then you want to catch it in every room right out every view yeah we captured this and it was just it blew people's minds it's very simple thing to do there's no special you know so it's just a different you know sweet point that was done at a different time of the day so they're all in the model and you just could be standing in one you click to the one next to it it goes a little darker and then you click the one next to that and it's totally dark out and it's a very simple thing but like when buildings become data like this the ability to manipulate the experience in ways that you know just kind of go beyond the standard it's just right there like the right at your fingertips and you know i i hope that more people continue to take matterport as a platform and try to hack and invent and you know push the envelope with a medium because there's so much potential for this far beyond even what we're doing the honestly the the app store that just that mentioned right there in my opinion is so game changing because really what you're doing is you're letting the world decide well what do we want to do with this data and then you're letting them do it and then you're letting them probably sell that app or whatever and and and then boom everybody is happy to do it yes yeah yes yes oh my gosh wow well this is this is so incredible uh wow i have to say first of all a huge thank you for coming on me you've been so insightful and i'm even i was even asking about things so i'm not even related to matterport you've got great insights i i have to really thank you for that gosh uh you know any any uh last things you want to share with the audience uh first of all again thank you so much ceo of matterport this is this has been a blast uh you know what should people do do they reach out to you do they reach out to go to mad report and buy a camera download the app how do you how do we want to say goodbye yeah first of all kevin thank you for having me this is awesome and thank you for being such a long time awesome proponent of matterport you know helping us again get to where we're going we got we got a lot more to do we're just getting started in many ways i'm super excited and i mean for sure if you've got an iphone and again soon a little bit later this year uh on android but if you got an iphone like go try it just download the app it's free you can go scan a space um and you can do you can do your house you can do your apartment in 20 minutes um and tell us what you think like if it's not working for you or it's hard to get started or it's just crap or it's awesome share it with us there's all kinds of feedback in the app you can hit a button and it comes straight to us i read all the feedback that i can i love getting you know uh customer input that's how we that's how we get better um but i think the coolest thing is just grabbing it and giving it a try because it's in in a way do you remember you know a while ago i don't know how many years ago when apple and google and others and you know turned on the panorama where you just go like this across the room you take a nice long pano photo well it's only a little bit more of a gesture with your phone where you go all the way around and if you can do that one twirl you can you can you have what it takes um to capture a matterport space uh there's there's not much more of a learning curve to it which is why i encourage everybody you know to give it a try because you can you can even scan and get a 3d moment like with your friends it's not it doesn't have to be about selling real estate or renting or doing anything you can actually just be like the three or four of your family members hanging out in the living room and you want that shot in 3d like it's it's pretty cool um my kids are in more 3d matterport models than they probably care to admit but we we do all kinds of fun experimenting because i'm constantly you know shooting spaces that is so fun okay folks well go check out matterport on the app store uh super super cool thank you so very much again for your time we'll have to catch up again in the future i uh wish you a very successful uh spac merger here i know those could be daunting and emotional roller coasters so best wishes there i i know it's gonna raise capital and it's gonna help you guys scale i i'm excited to be along for the ride awesome kevin great to have you along and look forward to catching up with you again uh in the future happy to come back definitely thank you so much we'll see you next time all right take care you
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