What could go so wrong that a £10M modular construction startup collapsed in just 15 months?
In this episode, we had Chris Spiceley and we got to learn about his experience working at Modulous, a modular construction startup that went from raising £10M to liquidation in just 15 months.
Chris shares valuable insights on what went wrong, lessons learned, and advice for anyone building a construction tech startup.
Tune in to find out about:
✅ The challenges of delivering modular projects in the UK
✅ Key factors that contributed to Modulus’ downfall
✅ The personal impact on employees when a startup fails
✅ Chris’ thoughts on the future of industrialized construction
———————-
Sign up to the #1 Newsletter In Construction Tech. Join over 1,000 like-minded Founders, Investors and Techies disrupting the way we build. Forever : https://bricks-bytes.beehiiv.com/subscribe
LinkedIn: https://www.linkedin.com/company/bricks-bytes/
X/Twitter: https://twitter.com/bricksbytespod
Youtube: https://www.youtube.com/channel/UCmNbunUTIIQDzbJgGJt9_Zg
Instagram: https://www.instagram.com/bricksbytes/
———————–
This episode is brought to you by Shft—helping contractors like you leverage BIM to secure a leading position in the race towards construction’s digital future.
Visit: https://maketheshft.digital
———————–
BuildVision is a procurement network for the $5T commercial construction market. We are transforming the commercial construction supply chain by bringing contractors, manufacturers, and project stakeholders onto a single software platform—revolutionizing how every component is sourced, purchased, and financed.
———————–
Timestamps:
(00:00 – 02:50) – Intro To Our Sponsors & Guest
(02:50 – 07:59) – How Chris Made A Transition Into Tech
(07:59 – 21:54) – About Industrialized Construction and MMCs In UK
(21:54 – 28:41) – Chris’s experience working at Modulous
(28:41 – 31:54) – Premature Decision Made By Modulous To Expand In US
(31:54 – 43:00) – Challenges That Comes With Pilot Projects
(43:00 – 58:21) – Economics Of The Idea That Modulous Had
(58:21 – 01:07:00) – Key Lessons Learnt By Chris
(01:07:00 – 01:16:09) – Understanding Chris’s Perspective On Offsite Manufacturing
(01:16:09 – 01:16:50) – Outro
