🦄 Unicorner Startup of the Week: Snaptrude
 
✍️ Notes From The Editors
 
Good morning! (or afternoon… evening… night?)
 
We have readers from all over the globe. It reflects the current startup scene: distributed, talented entrepreneurs around the world. Take Snaptrude, for example. While it’s now based in NYC, the company was originally founded out of India. We’re all for more international startup highlights in 2023!
 
Side note, another cool newsletter recommendation for you. Our friend (and Unicorner contributor) Noah Edelman writes about crypto basics and news twice a week for his newsletter WTFCrypto. It's one of our favorites—especially great for people with minimal crypto knowledge. 🚀
 
- Arek and Ethan 🦄
 
 
On all things international, there are some pretty awesome opportunities out there. And we know what you’re about to say: “but guys… don’t I need to know the local language to really leverage business in other countries?”
 
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Designing buildings collaboratively
 
 
Snaptrude’s platform helps architects, designers, and developers collaborate on real estate projects. Described as the “Figma for architecture,” Snaptrude’s cloud-based design tool can be accessed by entire teams through a browser. Teams can make projects (which are equipped with tools found in standard real estate design software) and work on them in sync.
 
 
🔗 Check it out: snaptrude.com
 
 
💰 Business Model
Free tier offered (limit of 3 projects), with additional plans and benefits at $49/user/month (Professional tier) and $119/user/month (Organization tier). A customized Enterprise plan is available upon request.
 
📈 Traction and Fundraising
  • Raised $6.6 million seed round from investors like Accel, Foundamental, CapitalX, Remote First Capital, Possible Ventures, and angels like Clark Valberg (InVision Co-Founder) and Thilo Konzok
  • Over 6,000 customers (including companies like WeWork) and 18,000 projects on the platform
 
👫 Founders
  • Altaf Ganihar, CEO: Previously Electronics and Communications Engineering @ KLE Technological University
 
💼 Opportunities
Want to stay updated on opportunities at Snaptrude? Fill out this form and we’ll let you know when we find a role that fits your profile.
 
🔮 Our Analysis
The world of Building Information Modeling (or BIM) tools is dominated by giants like Autodesk. As is the case with most industries monopolized with specific brands of software, innovation is slow. Popular real estate design platforms suffer from limited collaboration tools. Given the many kinds of people involved in each architectural project (engineers, interior designers, developers), it’s no surprise that this industry is ripe for disruption. Enter Snaptrude. CEO Altaf Ganihar comes with a background in computer vision and graphics and realized the need for such software after working on an architectural project for an internship. His team wants to innovate real estate design the way Figma or Google Docs changed interface design and word processing, respectively. By being accessible through a browser, Snaptrude is easy to access and simple to add other collaborators to regardless of their operating system. While Snaptrude isn’t the only company looking to shake up the market, it is one of the most comprehensive up-and-coming BIM solutions. Features like its cost estimation and simulation tools make it, in the words of its CEO, a truly “full-stack scenario.”
 
📚 Further Reading
 
 
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💰 Bonus Content
OpenAI, the company behind ChatGPT, has reportedly taken a $10 billion investment from Microsoft in exchange for 49% of the company. As part of the deal, Microsoft would get to keep three-quarters of OpenAI’s profits until recovering its investment. Yet in its current state, per CEO Sam Altman, ChatGPT is costing tens of thousands of dollars a day to operate. How will OpenAI generate the revenue necessary to stay afloat and compensate Microsoft? A “professional” mode of ChatGPT might be the answer.
 
 
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