The Procurement Software for Contractors to Solve Real Pain & Scale into Acquisition with Or Lakritz — The ConTechCrew

In this episode of The ConTech Crew, the hosts Jeff Sample and Nathan Wood chat with Or Lakritz. Or shares the journey of StructShare, from its inception to its recent acquisition by Trimble. They discuss how this acquisition is reshaping procurement in the construction industry, the role of AI in construction technology, and how contractors and founders can innovate and solve real problems within the industry.

Or Lakritz is the Co-founder of StructShare, a digital procurement platform built to solve procurement inefficiencies for contractors. Or has recently moved to Boulder, Colorado, after StructShare was acquired by Trimble. In this episode, he shares his entrepreneurial journey, the reasons behind the acquisition, and how Trimble’s platform is evolving to connect the digital and physical world in construction.

Key Takeaways

How StructShare streamlines procurement processes through digital solutions.
Insights on why StructShare was acquired by Trimble and what it means for the company's future.
How the construction tech landscape is shifting, with large players like Trimble, Procore, and Autodesk dominating.
The evolution of procurement technology and how AI is enabling companies to solve complex problems.
How contractors can begin to digitize simple workflows to improve efficiency.
The importance of focusing on specific problems in the early stages of a startup.

Timestamps

[00:00] - Episode Introduction

[00:38] - Guest Introduction

[02:29] - Brief Background about Or’s Journey

[04:15] - Structshare’s Acquisition By Trimble

[05:02] - The Reasons Behind Choosing Trimble

[06:05] - The Debate About Market Strategies In A Saturated Industry.

[11:58] - AI And Market Shifts

[16:06] - Changing The Procurement Process

[19:35] - Core Transformational Steps Needed for the Future

[27:50] - What’s Next at Trimble

[31:52] - Advice For Contractors And Founders