Thread by @cperruna

THREAD | $GHVI - Due Diligence, so far:

3D space capture & collaboration are interesting & can generate revenue but not enough to get me excited to buy the stock, with Gores as the company behind the SPAC.

However, 3D Scan to BIM for design & construction grabs my attention!

https://twitter.com/cperruna/status/1360402749087748098

2) Incorporating Matterport into a BIM (Building Information Modelling) process can help reduce virtual design & construction costs, while saving time & money.

I manage complex projects for a living & one thing that lacks is accurate data on existing buildings and facilities.

3) Drive Efficiencies:

Generate OBJ files & point clouds for as-builts and construction documentation.

Scan tight areas 10-15 times faster than with a typical lidar scanner.

Overlay your point cloud onto your BIM model to conduct verification.

4) Take measurements in difficult to access areas such as pipes, trusses, and ceiling beams.

Architects & engineers need accurate information for all existing MEP systems (mechanical, electrical & plumbing) when planning for a new fit-out.

5) Currently, design & construction professionals us as-builts (often inaccurate) and human site surveys (timely, expensive and slow).

Matterport is used by several of the major firms I work with here in the US. That's a good sign.

As for stock price (via SPAC) & valuation...

6) There's still more to dig into.

One may trade it immediately, in this hot market, but it seems overvalued as of right now, based on Tuesday's projected opening price.

I don't have a position & plan to dive into the numbers & total market some more before buying.

#interested

7) Professionals want & need access to space details:

RSF vs USF
Building risers
Connections
Floor plan
Sections
Elevations
Structural layout
MEPS
Etc.

This is extremely valuable data as every building evolves though fit-outs as space use adapts over time.

Can Matterport solve

8) I see more value on the commercial side. NYC alone has 2 billion SF of space & the captured data of that space is huge as this space transforms every lease cycle.

VALUE: Data for owner/landlord, broker, architect, engineer, lending institute, tenant, occupiers, city DOB, etc.

9) Could $RDFN or $OPEN or another residential company compete in the space, yes.

I could see $ADSK acquiring or developing their own version for the commercial market.

On the flip side, why haven't they already? They have dominated the BIM / Revit market for years.