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Latch is a proptech startup focusing on smart access control hardware and software for multifamily residential buildings. Founded in 2014, they launched the M-series lock in 2017, raised $126m in series B funding last year, and are now going in 1 out of every 10 new multifamily developments in the US (including our retrofit in Brooklyn!). In this YD Proptech Spotlight, we speak with Latch's own Ryan Flynn to discuss their product and future plans, and then we take you on our site in Brooklyn to show you the install and how the product works. (SUBSCRIBE TO SEE FUTURE SPOTLIGHT AND TECH WISHLIST VIDEOS!) Update: Latch went public via SPAC merger under the symbol $LTCH 0:00 Intro 0:49 Interview with Ryan Flynn Q1: How did Latch get started? 2:40 How many people are at Latch today? How many doors are under management? 4:03 What is the value prop for property owners and tenants? 6:17 What does each product do? (M-Series, R-Reader, IC Intercom, C-Series) 8:23 Are there plans to create a product designed for end users to purchase themselves for their single family homes? 9:50 What's the reasoning behind releasing the Hub and not integrating into Google/Apple/Amazon ecosystems? 10:21 What is the vision of the experience the Works with Latch ecosystem will provide through the Hub? 12:27 Can we get a hint of future product lines? 13:20 Have you noticed any drastic shift in user behavior since the pandemic started? And does any of these changes foreshadow what's to come in the industry? 14:37 How is Latch positioning itself to become a leader in smart access control? And what are Latch's competitive advantages to achieve these goals? 16:14 What does access control look like 10 or 20 years from now? 19:06 Installation in Brooklyn 20:26 R-Reader functions 20:59 M-Series functions 22:13 Latch App and Software 23:11 Costs of hardware, install, and subscription 24:45 Thoughts vs other smart locks My name is Derek- I'm The Proptech Scout (and a real estate developer). I'm on a mission to find best-in-class proptech that real estate developers and landlords want to use, and I'm documenting it all on this channel and https://www.theproptechscout.com Are you a proptech startup founder looking to get more exposure to customers? Or a real estate owner looking to improve efficiency through technology? For 1-on-1 advisory services, reach out to me on linkedin: / derek-hsiang-4576774 #Proptech #LATCH #SmartLock #ProductReview #LatchInterview #realestatedevelopment #NYC #Brooklyn #Manhattan #NewYork #NewYorkCity