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Regular readers of Construction Physics know that I formerly worked for the construction startup Katerra, which raised several billion dollars in venture capital in the hopes of revolutionizing the construction industry, and then went bankrupt. In fact, it was my experiences at Katerra that inspired me to start this newsletter in the first place. Katerra’s collapse became a cautionary tale about overenthusiastic investment, too-rapid scaling, and the hubris of outsiders assuming they could improve industries they didn’t really understand.
a year ago

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