René Morkos invented the world’s first generative construction simulator and optimizer. He is the Founder/CEO of ALICE Technologies, which increases construction efficiency using AI, and an adjunct professor at Stanford University.

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Guest Resource

René’s Email – Connect with René via email!

3 Value Bombs

1) No matter your position, the upside and downside tend to be similar.

2) Do not take the high’s so high and the low’s so low; be gentle with yourself. Do not tie your self-worth to the success of the company.

3) Do not quit, and keep building.

Sponsors

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Show Notes

**Click the time stamp to jump directly to that point in the episode.

Today’s Audio MASTERCLASS: Driving a Construction Industry Renaissance with René Morkos

[1:28] – René shares something he believes about becoming successful that most people disagree with.

• He believes that no matter your position, the upside and downside tend to be similar.

[3:03] – How did you get your start in the construction technology industry?

• He worked with a reconstruction company as his first job in Afghanistan.
• He realized that construction is complicated, and he thought about having a computer-based tool that could help make construction planning easier.
• He got to the US and discovered that there was no technology available for what he was thinking of.
• He then studied, researched, and used his construction experience to build the tool.

[5:33] – What is ALICE Technologies, and how does it increase construction efficiency using AI?

• ALICE Technologies helps the construction industry by converting construction problems into algorithm terms.
• They can simulate the construction project in different ways.
• They provide optimal and fast results.

[7:25] – What kinds of companies use ALICE, and how do they benefit?

• France’s leading and largest construction company uses ALICE for its projects worldwide.
  • ALICE helped them shorten the time that people needed to be onsite.
  • By using the software, they saved a massive amount of money.

[8:32] – What do you think most people miss in AI when it comes to construction and making things more efficient?

1. Most people should see the number of options available in the building, and you can use the computer to generate all those different methods.
2. You do not need an advanced degree to run the software.

[9:50] – A timeout to thank our sponsors!

• Ziprecruiter: Keep your team growing strong! Visit ZipRecruiter.com/fire to try ZipRecruiter for free! ZipRecruiter. The smartest way to hire.
• Thrivetime Show: Is this your year? Visit ThrivetimeShow.com/eofire to see how Clay Clark’s business coaching has helped thousands of entrepreneurs to dramatically increase profitability!
• HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!

[12:20] – Why did your investors bet on ALICE?

• Back in 2017, the construction renaissance emerged. Construction is the second most digitized industry in the world.
• Approach investors by telling them your story and what you can offer to their business.

[15:51] – What are the top two most significant challenges you’ve faced in building ALICE?

• René’s biggest challenge is rapidly changing as a human to meet and provide value to company changes.

[18:40] – What would be the two most important pieces of advice that you could offer to other aspiring entrepreneurs?

• Do not take the high’s so high and the low’s so low; be gentle with yourself. Do not tie your self-worth to the success of the company.

[20:42] – René’s call to action.

• René’s Email – Connect with René via email!
• Do not quit, and keep building.

[22:23] – Thank you to our Sponsors!

• Thrivetime Show: Is this your year? Visit ThrivetimeShow.com/eofire to see how Clay Clark’s business coaching has helped thousands of entrepreneurs to dramatically increase profitability!
• HubSpot: Learn how HubSpot can help your business grow better and get a special offer of 20% off on eligible plans at HubSpot.com/eof!

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