Mike Powers

## Key Points - BuildVision focuses on procurement — doing takeoffs for free, making money on GMV (volume of sales through platform) - Work with OEMs, owners/GCs to enable direct purchasing - Need: mechanical and electrical equipment extraction - Very sales/commercial mindset — talks in terms of revenue, markup, profit rather than time saved - Views "Reducto for construction" as something that will get commoditized — staying away from that play - Raised $750k pre-seed (same investors as Building Connected), then seed, then Series A in December - Said he wants "3 on 15" (valuation terms) ## Pain Points Mentioned - Equipment extraction from drawings is a core need for their procurement platform ## Product Feedback - Different VC vision from Alexei — "pure money, didn't get intros" - Offered to intro to investors — "easier for them to make 7x, looking at early stage" - Potential API customer if extraction quality is high enough for their procurement workflow