Interview with Chloe Smith, co-founder and CEO of Mercator, a construction intelligence platform. Chloe provides background on her marketing and advertising career and how she came to start Mercator with her co-founder to bring data analytics to the construction industry. She outlines conducting customer interviews and POCs to validate the problem they were solving. Chloe explains how Mercator tracks construction projects through their full lifecycle and delivers insights on upcoming opportunities to general contractors, enabling them to get in front of projects earlier. She discusses focusing on specific customer profiles, building relationships with advisors, and taking an authentic approach to branding. On product features, Chloe describes the Mercator workflow of monitoring projects, companies and contacts with AI-driven alerts. Users can explore project details and connect with stakeholders. She positions Mercator as a unique, category-defining product bringing new strategic intelligence to construction firms. Looking ahead, Chloe is excited to grow their team, enrich data tracking, expand to new markets and build their product suite into a knowledge hub. She advises startups in construction to build what the industry needs based on customer conversations.Here are chapter timestamps and summaries for the YouTube video transcript:00:00 - Introducing Chloe and Mercator AI00:22 - Chloe's background and journey into construction tech01:19 - Meeting co-founder and starting marketer AI02:21 - Validating ideas through customer interviews03:40 - Strategies for talking to construction customers as an outsider05:04 - Applying a data perspective from marketing to construction06:21 - Meeting co-founder and initial hypotheses08:01 - Pivoting ideas and focusing on construction opportunities09:13 - Early mistakes and learning to validate ideas10:10 - Importance of customer interviews and narrowing focus11:02 - Challenges reaching construction customers initially12:33 - Iterating on customer conversations14:14 - Prioritizing feature requests from customers15:04 - Using quick POCs focused on specific users17:00 - Advice on aligning vision and customer feedback18:24 - Building a focused product for target customers18:48 - Strategies for assembling a strong advisor team21:07 - Finding advisors willing to help without equity22:11 - Proving credibility as industry outsiders23:51 - Tips for building a brand (focus on authenticity)24:29 - Overview of Mercator AI platform and user journey28:09 - Category defining product and points of differentiation29:51 - Roadmap and future opportunities31:31 - Advice for construction tech startups (talk to customers)

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