Story Of A Modular Construction Startup That Burned Through £10M in 15 Months - Chris Spiceley

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