Procore Slows. Trimble Soars. Plus the $1.5M OpenAI Employee Bonus

Author

Owen Drury
August 19, 2025

Construction SaaS is slowing. Hardware is roaring back. And AI is playing Vegas odds.

In this week’s Bricks, Bucks & Bytes episode:

📉 Procore delivers strong numbers but signals slowing growth (investors aren’t buying it).

🚜 Trimble raises forecasts, proving hardware + physical integration is the real moat.

🤖 Betting markets say Google beats OpenAI in the next AI race (but don’t count Anthropic out).


But that’s not all:

  • Patric Hellermann explains why hardware is the “ultimate bathtub moat” (and why OpenAI wants in).

  • Dustin DeVan unloads on Procore’s upsell model (“their bidding tool is trash”).

  • Derek Wong joins to drop a masterclass on winning LinkedIn in AEC: content is the new box of donuts.


🎧 Listen now for:

  • Why SaaS multiples are depressed and what Procore must do to regain vision.

  • How Trimble turned tractors and GPS into a 52-week high.

  • Why betting on AI models looks a lot like poker.

  • The one mistake Procore made back in 2021 that might haunt them today.


🗣 Bonus: Some personal highlights

  • Owen contemplates joining OpenAI for the $1.5m bonus.

  • Patric still can’t resist bathtub metaphors.

  • Dustin wonders if poker would’ve been easier money.

  • Martin insists his engineering drawings are always 100% accurate (unlike Millennium Tower).

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