• "250 Billion Wasted Annually!" - Procurement Inefficiency & BuildVision's Tech Solution from $10M-Backed Founders

  • Mar 27 2025
  • Length: 1 hr and 11 mins
  • Podcast

"250 Billion Wasted Annually!" - Procurement Inefficiency & BuildVision's Tech Solution from $10M-Backed Founders

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  • Summary

  • "We make money when our customers make money"

    In today's episode of Bricks & Bytes, we had Mike Powers and Ben Lyddane from BuildVision who shared their journey of raising a $10M Series A led by Norwest Ventures.

    Their platform helps contractors procure mechanical and electrical equipment more efficiently, saving 20-30% on costs while creating new revenue streams for general contractors.

    Tune in to find out about:

    ✅ How BuildVision grew from processing $700M to over $1B in equipment transactions

    ✅ Their three-tiered pricing model that aligns with customer success

    ✅ How AI costs for processing documents dropped from thousands to just $1.40 monthly

    ✅ Why focusing on critical path items like chillers and generators (not commodity products) creates maximum value
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