This Andreessen Horowitz General Partner discusses the future of home buying and the startups that are turning the ‘broken’ real estate industry on its head

At Andreessen Horowitz’s annual Innovation Summit on Thursday, a16z General Partner Alex Rampell spoke about tech companies that are disrupting the home buying experience.

Rampell describes the broken process of buying a home today — mainly, the fixed 6% real estate agent fee — and highlights tech companies like Opendoor, Point, and Divvy that are each transforming the industry in different ways.

Read more: Meet the startup that’s on a mission to help 100,000 people buy homes in the next 5 years, and recently raised $30 million to do so

From home discovery to purchasing to financing, Rampell explains that the industry is evolving to help lower the friction and bring more transparency to the process for home buyers.

The full video of Rampell’s presentation can be found here.

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