The continuum from laborer to real estate tech company goes from low accountability to high specific knowledge, accountability and leverage.

• Laborers get paid hourly and have low accountability 0:19

• General contractors get equity, but they're also taking risk 1:20

• Property developers pocket the profit by applying capital leverage 2:14

• Architects, large developers and REITs are even higher in the stack 3:16

• Real estate tech companies apply the maximum leverage 4:05

Transcript: http://nav.al/laborer-tech