Press "Enter" to skip to content

Curious ingredients of PropTech start-up and beyond | Hussain Hilli | TEDxCityUniversityLondon


[Music]

[Music] [Applause]

[Applause]

[Applause] I’d like to share with you my first

I’d like to share with you my first

I’d like to share with you my first recipe for my first innovation it

recipe for my first innovation it

recipe for my first innovation it started off with me putting together

started off with me putting together

started off with me putting together everything for my go to market strategy

everything for my go to market strategy

everything for my go to market strategy I was excited I was ambitious

I was excited I was ambitious

I was excited I was ambitious I was hungry for success and I was

I was hungry for success and I was

I was hungry for success and I was looking to disrupt the next big thing I

looking to disrupt the next big thing I

looking to disrupt the next big thing I was going to two different industries

was going to two different industries

was going to two different industries the health and beauty and the food

the health and beauty and the food

the health and beauty and the food sectors I had family and friends tell

sectors I had family and friends tell

sectors I had family and friends tell all potential customers and investors

all potential customers and investors

all potential customers and investors about what was about to come and

about what was about to come and

about what was about to come and everything that was about to come from

everything that was about to come from

everything that was about to come from this day was gonna be magical

this day was gonna be magical

this day was gonna be magical unfortunately my venture didn’t quite

unfortunately my venture didn’t quite

unfortunately my venture didn’t quite work out I was five

work out I was five

work out I was five and I was selling magic potions from my

and I was selling magic potions from my

and I was selling magic potions from my bedroom it turns out taking tubes for

bedroom it turns out taking tubes for

bedroom it turns out taking tubes for mice from my sister

mice from my sister

mice from my sister mixing shampoo with detergent vinegar

mixing shampoo with detergent vinegar

mixing shampoo with detergent vinegar and other condiments wasn’t quite the

and other condiments wasn’t quite the

and other condiments wasn’t quite the recipe for a successful and sustainable

recipe for a successful and sustainable

recipe for a successful and sustainable high growth business but that didn’t

high growth business but that didn’t

high growth business but that didn’t stop me I went onto my next venture when

stop me I went onto my next venture when

stop me I went onto my next venture when I was 7 and I now I thought let me

I was 7 and I now I thought let me

I was 7 and I now I thought let me disrupt the media industry so I put

disrupt the media industry so I put

disrupt the media industry so I put together a newspaper and this newspaper

together a newspaper and this newspaper

together a newspaper and this newspaper had so many articles from various

had so many articles from various

had so many articles from various non-existent journalists and editorial

non-existent journalists and editorial

non-existent journalists and editorial teams again the daily London didn’t

teams again the daily London didn’t

teams again the daily London didn’t quite take off but it was all about the

quite take off but it was all about the

quite take off but it was all about the process and I really enjoyed it

process and I really enjoyed it

process and I really enjoyed it because you see backof and failure

because you see backof and failure

because you see backof and failure wouldn’t didn’t mean anything to me I

wouldn’t didn’t mean anything to me I

wouldn’t didn’t mean anything to me I was creating because I was but as time

was creating because I was but as time

was creating because I was but as time went on I began to see that I was

went on I began to see that I was

went on I began to see that I was innovating less and less with the

innovating less and less with the

innovating less and less with the ventures that I was doing in my teenage

ventures that I was doing in my teenage

ventures that I was doing in my teenage years and I started to look around and I

years and I started to look around and I

years and I started to look around and I could see that it was time to start

could see that it was time to start

could see that it was time to start thinking about a successful career to

thinking about a successful career to

thinking about a successful career to come because that’s what everyone else

come because that’s what everyone else

come because that’s what everyone else was doing who’s gonna go around mixing

was doing who’s gonna go around mixing

was doing who’s gonna go around mixing potions or creating things so I decided

potions or creating things so I decided

potions or creating things so I decided I wanted to do what a lot of people want

I wanted to do what a lot of people want

I wanted to do what a lot of people want to do prior to the 2007 financial crisis

to do prior to the 2007 financial crisis

to do prior to the 2007 financial crisis I wanted to be an investment banker

I wanted to be an investment banker

I wanted to be an investment banker extremely exciting putting slides

extremely exciting putting slides

extremely exciting putting slides together and doing other things bankers

together and doing other things bankers

together and doing other things bankers do being a change agent is something

do being a change agent is something

do being a change agent is something that I felt came quite naturally to me I

that I felt came quite naturally to me I

that I felt came quite naturally to me I would always look around me I would find

would always look around me I would find

would always look around me I would find things mixed them together and I’ll try

things mixed them together and I’ll try

things mixed them together and I’ll try to make things happen but change is a

to make things happen but change is a

to make things happen but change is a scary thing humans are afraid of change

scary thing humans are afraid of change

scary thing humans are afraid of change change is uncomfortable and people like

change is uncomfortable and people like

change is uncomfortable and people like to be comfortable like investment

to be comfortable like investment

to be comfortable like investment bankers and what ended up happening in

bankers and what ended up happening in

bankers and what ended up happening in 2012 I ended up landing myself a

2012 I ended up landing myself a

2012 I ended up landing myself a placement in my

placement in my

placement in my a year while studying Chinese and

a year while studying Chinese and

a year while studying Chinese and economics in a top investment bank in

economics in a top investment bank in

economics in a top investment bank in London I had made it I was excited and I

London I had made it I was excited and I

London I had made it I was excited and I was living the dream

was living the dream

was living the dream it was around 24 hours in and I was

it was around 24 hours in and I was

it was around 24 hours in and I was absolutely bored out of my brains I knew

absolutely bored out of my brains I knew

absolutely bored out of my brains I knew I wasn’t destined for this this was

I wasn’t destined for this this was

I wasn’t destined for this this was everything that my soul stood against I

everything that my soul stood against I

everything that my soul stood against I felt so constrained that I started to

felt so constrained that I started to

felt so constrained that I started to wonder and when I started to wonder I

wonder and when I started to wonder I

wonder and when I started to wonder I started to get curious and when I

started to get curious and when I

started to get curious and when I started to get curious I started to get

started to get curious I started to get

started to get curious I started to get creative again and just like that

creative again and just like that

creative again and just like that the potions came back in 2013 prior to

the potions came back in 2013 prior to

the potions came back in 2013 prior to graduating I was on a leadership course

graduating I was on a leadership course

graduating I was on a leadership course where I met my co-founder my co-founder

where I met my co-founder my co-founder

where I met my co-founder my co-founder who ironically was a banker for ten

who ironically was a banker for ten

who ironically was a banker for ten years and we both really saw a problem

years and we both really saw a problem

years and we both really saw a problem that we were looking to address and we

that we were looking to address and we

that we were looking to address and we identified it as the next generation not

identified it as the next generation not

identified it as the next generation not being able to take a step on the

being able to take a step on the

being able to take a step on the property ladder and what seemed at the

property ladder and what seemed at the

property ladder and what seemed at the time a mission to be able to democratize

time a mission to be able to democratize

time a mission to be able to democratize wealth and give access to this high

wealth and give access to this high

wealth and give access to this high barrier to entry market there was a

barrier to entry market there was a

barrier to entry market there was a solution and this is when the emergence

solution and this is when the emergence

solution and this is when the emergence of crowdfunding came through

of crowdfunding came through

of crowdfunding came through crowdfunding property investment was a

crowdfunding property investment was a

crowdfunding property investment was a solution but it could only be done with

solution but it could only be done with

solution but it could only be done with the aid of technology and so myself and

the aid of technology and so myself and

the aid of technology and so myself and my co-founder with our personal

my co-founder with our personal

my co-founder with our personal backgrounds our technology we put

backgrounds our technology we put

backgrounds our technology we put together a recipe for we thought would

together a recipe for we thought would

together a recipe for we thought would be a startup to come and we sat in a

be a startup to come and we sat in a

be a startup to come and we sat in a room in his house and we got going and

room in his house and we got going and

room in his house and we got going and we built our mission and our mission was

we built our mission and our mission was

we built our mission and our mission was to build a global exchange for people to

to build a global exchange for people to

to build a global exchange for people to trade shares and properties essentially

trade shares and properties essentially

trade shares and properties essentially giving everyone a piece of the pie and

giving everyone a piece of the pie and

giving everyone a piece of the pie and Bute was created and I’m proud to say

Bute was created and I’m proud to say

Bute was created and I’m proud to say that today we have a 40 person team and

that today we have a 40 person team and

that today we have a 40 person team and we have digitized across the entire

we have digitized across the entire

we have digitized across the entire property sector in its entirety across

property sector in its entirety across

property sector in its entirety across the supply chain from developments and

the supply chain from developments and

the supply chain from developments and management’s to waste collection this

management’s to waste collection this

management’s to waste collection this for me is innovation and it’s cool you

for me is innovation and it’s cool you

for me is innovation and it’s cool you see enterprise and innovation go hand in

see enterprise and innovation go hand in

see enterprise and innovation go hand in hand and whilst we always saw that

hand and whilst we always saw that

hand and whilst we always saw that profitability is always the bottom line

profitability is always the bottom line

profitability is always the bottom line that we are looking for innovation can

that we are looking for innovation can

that we are looking for innovation can help us do some great things on in this

help us do some great things on in this

help us do some great things on in this world I want to share with you today

world I want to share with you today

world I want to share with you today some of the technologies that are

some of the technologies that are

some of the technologies that are disrupting the finance and property

disrupting the finance and property

disrupting the finance and property sectors for one reason or another these

sectors for one reason or another these

sectors for one reason or another these are some of the last sectors to be

are some of the last sectors to be

are some of the last sectors to be disrupted by the technological

disrupted by the technological

disrupted by the technological advancements we are now at a stage where

advancements we are now at a stage where

advancements we are now at a stage where we can connect we can transact we can be

we can connect we can transact we can be

we can connect we can transact we can be entertained and travel all on-demand and

entertained and travel all on-demand and

entertained and travel all on-demand and at the click of a button and so I want

at the click of a button and so I want

at the click of a button and so I want to show you some of these technologies

to show you some of these technologies

to show you some of these technologies and perhaps you two may be able to use

and perhaps you two may be able to use

and perhaps you two may be able to use them in your respective spaces to

them in your respective spaces to

them in your respective spaces to transform them and transform industries

transform them and transform industries

transform them and transform industries in the process I’d like to give you

in the process I’d like to give you

in the process I’d like to give you three examples the first example is how

three examples the first example is how

three examples the first example is how we own land now if I take you back a

we own land now if I take you back a

we own land now if I take you back a thousand years a lot of people don’t

thousand years a lot of people don’t

thousand years a lot of people don’t really know how people own land here in

really know how people own land here in

really know how people own land here in the United Kingdom but if suffice to say

the United Kingdom but if suffice to say

the United Kingdom but if suffice to say that it was actually not that

that it was actually not that

that it was actually not that complicated it was mainly through

complicated it was mainly through

complicated it was mainly through hearsay people didn’t really know who

hearsay people didn’t really know who

hearsay people didn’t really know who owned what there was a very complex

owned what there was a very complex

owned what there was a very complex legal system and most of the deeds were

legal system and most of the deeds were

legal system and most of the deeds were Scrolls in Latin and this made for a

Scrolls in Latin and this made for a

Scrolls in Latin and this made for a very very difficult journey from the

very very difficult journey from the

very very difficult journey from the next few hundred years to come where so

next few hundred years to come where so

next few hundred years to come where so many lands across the United Kingdom

many lands across the United Kingdom

many lands across the United Kingdom were taken over through battles and

were taken over through battles and

were taken over through battles and probably partially one of the reasons

probably partially one of the reasons

probably partially one of the reasons and in 1862 the Lord Chancellor Bethel

and in 1862 the Lord Chancellor Bethel

and in 1862 the Lord Chancellor Bethel time introduced the Land Registry the

time introduced the Land Registry the

time introduced the Land Registry the Land Registry that we have today where

Land Registry that we have today where

Land Registry that we have today where we’re able to search and find something

we’re able to search and find something

we’re able to search and find something what were able to see is that property

what were able to see is that property

what were able to see is that property technology has had an impact on what was

technology has had an impact on what was

technology has had an impact on what was initially the title deed of the past to

initially the title deed of the past to

initially the title deed of the past to what we have today by going on and

what we have today by going on and

what we have today by going on and searching online to what we will have in

searching online to what we will have in

searching online to what we will have in the future you see the blockchain is the

the future you see the blockchain is the

the future you see the blockchain is the technology behind the digital currency

technology behind the digital currency

technology behind the digital currency Bitcoin but this technology will have a

Bitcoin but this technology will have a

Bitcoin but this technology will have a massive impact on the real estate well

massive impact on the real estate well

massive impact on the real estate well to come by giving a digital

to come by giving a digital

to come by giving a digital correspondence to every single property

correspondence to every single property

correspondence to every single property around the world

around the world

around the world we will have information about every

we will have information about every

we will have information about every single part of the journey from

single part of the journey from

single part of the journey from financials and legals to the physical

financials and legals to the physical

financials and legals to the physical attributes but I know not only that it

attributes but I know not only that it

attributes but I know not only that it will take us to the next step of

will take us to the next step of

will take us to the next step of transacting in terms of speed for what

transacting in terms of speed for what

transacting in terms of speed for what currently takes now months and weeks

currently takes now months and weeks

currently takes now months and weeks we’ll start to take seconds and minutes

we’ll start to take seconds and minutes

we’ll start to take seconds and minutes and this is something that we’re

and this is something that we’re

and this is something that we’re onboarding at Butte something that we’re

onboarding at Butte something that we’re

onboarding at Butte something that we’re looking to innovate because when you

looking to innovate because when you

looking to innovate because when you combine crowdfunding shares with

combine crowdfunding shares with

combine crowdfunding shares with proprietary logic and big data you get

proprietary logic and big data you get

proprietary logic and big data you get out on the other side trading shares in

out on the other side trading shares in

out on the other side trading shares in the same way that you do with stocks and

the same way that you do with stocks and

the same way that you do with stocks and commodities another area that’s being

commodities another area that’s being

commodities another area that’s being affected is the construction industry

affected is the construction industry

affected is the construction industry within the property world when we think

within the property world when we think

within the property world when we think of things being built

of things being built

of things being built we always often look and think about

we always often look and think about

we always often look and think about manual skilled labor and if I take you

manual skilled labor and if I take you

manual skilled labor and if I take you back a few thousand years we can go back

back a few thousand years we can go back

back a few thousand years we can go back to the ancient Egyptians when they built

to the ancient Egyptians when they built

to the ancient Egyptians when they built the pyramids now scientists and

the pyramids now scientists and

the pyramids now scientists and historians have concluded that they

historians have concluded that they

historians have concluded that they definitely used rudimentary technology

definitely used rudimentary technology

definitely used rudimentary technology to get the job done they would wet the

to get the job done they would wet the

to get the job done they would wet the sand to reduce friction they would work

sand to reduce friction they would work

sand to reduce friction they would work out 90-degree angles from from the stars

out 90-degree angles from from the stars

out 90-degree angles from from the stars and they built a narrow quarry to

and they built a narrow quarry to

and they built a narrow quarry to transport now this is an exceptional

transport now this is an exceptional

transport now this is an exceptional structure to have withstood the test of

structure to have withstood the test of

structure to have withstood the test of time but in today’s world obviously we

time but in today’s world obviously we

time but in today’s world obviously we have advanced technologies we use sand

have advanced technologies we use sand

have advanced technologies we use sand and cement the foundations and we use

and cement the foundations and we use

and cement the foundations and we use bricks and mortar for structures but we

bricks and mortar for structures but we

bricks and mortar for structures but we still have skilled labor force intact

still have skilled labor force intact

still have skilled labor force intact but over the coming years we are going

but over the coming years we are going

but over the coming years we are going to start having machinery and drones

to start having machinery and drones

to start having machinery and drones building structures for us this is Sam

building structures for us this is Sam

building structures for us this is Sam Sam is an automated bricklayer and Sam

Sam is an automated bricklayer and Sam

Sam is an automated bricklayer and Sam was made by a company in the u.s. called

was made by a company in the u.s. called

was made by a company in the u.s. called construction robotics now the future of

construction robotics now the future of

construction robotics now the future of building things will in turn eliminate

building things will in turn eliminate

building things will in turn eliminate the workforce now this will have adverse

the workforce now this will have adverse

the workforce now this will have adverse effects on the economy but it will also

effects on the economy but it will also

effects on the economy but it will also shift it and we just need to make sure

shift it and we just need to make sure

shift it and we just need to make sure that we reposition people into different

that we reposition people into different

that we reposition people into different jobs within the sector the last one

jobs within the sector the last one

jobs within the sector the last one in the last example that I would like to

in the last example that I would like to

in the last example that I would like to give you is augmented reality and

give you is augmented reality and

give you is augmented reality and virtual reality because augmented

virtual reality because augmented

virtual reality because augmented reality gives us an enhanced perception

reality gives us an enhanced perception

reality gives us an enhanced perception of what the current world is but on the

of what the current world is but on the

of what the current world is but on the contrary virtual reality gives us a

contrary virtual reality gives us a

contrary virtual reality gives us a simulated real world example and it

simulated real world example and it

simulated real world example and it takes us away by just putting on a

takes us away by just putting on a

takes us away by just putting on a headset now this is going to transform

headset now this is going to transform

headset now this is going to transform everything that we will be doing in the

everything that we will be doing in the

everything that we will be doing in the sector from from the way you see photos

sector from from the way you see photos

sector from from the way you see photos and the way you see plans you will

and the way you see plans you will

and the way you see plans you will physically be able to walk into

physically be able to walk into

physically be able to walk into something open doors and see where to

something open doors and see where to

something open doors and see where to put furniture and other enmities within

put furniture and other enmities within

put furniture and other enmities within the property this is an augmented

the property this is an augmented

the property this is an augmented reality vision that we’ve put together

reality vision that we’ve put together

reality vision that we’ve put together where you’ll be able to point out your

where you’ll be able to point out your

where you’ll be able to point out your phone your phone points of the property

phone your phone points of the property

phone your phone points of the property and we’ll be able to take in the data

and we’ll be able to take in the data

and we’ll be able to take in the data from from to be able to transact and

from from to be able to transact and

from from to be able to transact and invest virtual reality on the other hand

invest virtual reality on the other hand

invest virtual reality on the other hand allows you to be able to see everything

allows you to be able to see everything

allows you to be able to see everything and walk around innovation has led us to

and walk around innovation has led us to

and walk around innovation has led us to a bit of a crossroads today’s world we

a bit of a crossroads today’s world we

a bit of a crossroads today’s world we can see that there is a lot going on on

can see that there is a lot going on on

can see that there is a lot going on on the negative side we see cities being

the negative side we see cities being

the negative side we see cities being destroyed we see poverty and we see an

destroyed we see poverty and we see an

destroyed we see poverty and we see an increase in diseases but on the

increase in diseases but on the

increase in diseases but on the optimistic side which is a side that I

optimistic side which is a side that I

optimistic side which is a side that I want us to look at I want us to see how

want us to look at I want us to see how

want us to look at I want us to see how innovation and technology has taken us

innovation and technology has taken us

innovation and technology has taken us into a different direction and we’re

into a different direction and we’re

into a different direction and we’re actually a very pivotal point in time

actually a very pivotal point in time

actually a very pivotal point in time where we can adopt this and we can make

where we can adopt this and we can make

where we can adopt this and we can make these changes in the world you only have

these changes in the world you only have

these changes in the world you only have to look as far as the Bill and Melinda

to look as far as the Bill and Melinda

to look as far as the Bill and Melinda Gates Foundation and the work they’re

Gates Foundation and the work they’re

Gates Foundation and the work they’re doing in in helping curing malaria

doing in in helping curing malaria

doing in in helping curing malaria malaria or helping people come out of

malaria or helping people come out of

malaria or helping people come out of poverty by giving them resources or

poverty by giving them resources or

poverty by giving them resources or becoming more resourceful but what I

becoming more resourceful but what I

becoming more resourceful but what I want to share with you today is the

want to share with you today is the

want to share with you today is the ingredients the ingredients for

ingredients the ingredients for

ingredients the ingredients for innovation so that you too can take them

innovation so that you too can take them

innovation so that you too can take them away and take it into your own space and

away and take it into your own space and

away and take it into your own space and so the first one is focus and curiosity

so the first one is focus and curiosity

so the first one is focus and curiosity we are a generation which is unable to

we are a generation which is unable to

we are a generation which is unable to focus

focus

focus I can probably predict that people are

I can probably predict that people are

I can probably predict that people are all met with timelines already at the

all met with timelines already at the

all met with timelines already at the moment and that sorts of feeds checking

moment and that sorts of feeds checking

moment and that sorts of feeds checking out their messages and that’s okay but

out their messages and that’s okay but

out their messages and that’s okay but we need to start moving away from it a

we need to start moving away from it a

we need to start moving away from it a bit because the focus is not on allowing

bit because the focus is not on allowing

bit because the focus is not on allowing us to do great work to have great craft

us to do great work to have great craft

us to do great work to have great craft and to produce things in this world that

and to produce things in this world that

and to produce things in this world that we need we have less innovators and more

we need we have less innovators and more

we need we have less innovators and more people using the innovations and that

people using the innovations and that

people using the innovations and that needs to shift because when we can get

needs to shift because when we can get

needs to shift because when we can get people to focus they can start having

people to focus they can start having

people to focus they can start having that space to think and when they think

that space to think and when they think

that space to think and when they think they can be curious and when they’re

they can be curious and when they’re

they can be curious and when they’re curious they can be more creative the

curious they can be more creative the

curious they can be more creative the second thing is for us to try and test

second thing is for us to try and test

second thing is for us to try and test and what I mean by this is we need to

and what I mean by this is we need to

and what I mean by this is we need to start trying and iterating without the

start trying and iterating without the

start trying and iterating without the fear of failure at the end of it because

fear of failure at the end of it because

fear of failure at the end of it because we need to redefine what failure

we need to redefine what failure

we need to redefine what failure actually is failure is something that we

actually is failure is something that we

actually is failure is something that we see as a setback but every time we

see as a setback but every time we

see as a setback but every time we produce something new it’s actually a

produce something new it’s actually a

produce something new it’s actually a leap forward just think about how far we

leap forward just think about how far we

leap forward just think about how far we have come from when Alexander Bell

have come from when Alexander Bell

have come from when Alexander Bell introduced the telephone to the smart

introduced the telephone to the smart

introduced the telephone to the smart phone that we have today the

phone that we have today the

phone that we have today the computational power that you have that

computational power that you have that

computational power that you have that only a few decades ago governments

only a few decades ago governments

only a few decades ago governments didn’t have and the last thing is to

didn’t have and the last thing is to

didn’t have and the last thing is to learn and improve for us to take this

learn and improve for us to take this

learn and improve for us to take this all in to go out there see what we did

all in to go out there see what we did

all in to go out there see what we did take that leap and make it better

take that leap and make it better

take that leap and make it better because there is no such thing as

because there is no such thing as

because there is no such thing as perfect there is only getting better and

perfect there is only getting better and

perfect there is only getting better and better and so I want you to do is I want

better and so I want you to do is I want

better and so I want you to do is I want you to take these ingredients I want you

you to take these ingredients I want you

you to take these ingredients I want you to take everything that you’ve taken

to take everything that you’ve taken

to take everything that you’ve taken from these space make your own potions

from these space make your own potions

from these space make your own potions and go and change the world thank you

[Music]

[Music] [Applause]

”

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *