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CURB
PSL STUDIO PROPOSAL
Pioneer Square Labs · Studio Project Proposal · May 2026
Curb
Video on every listing. The visual-content layer for real estate.
Working prototype in-house AI listing video · Seedance 2.0 Vertical AI · Seed-stage
CURB
02 / 16
The idea

Paste a listing URL. Get a cinematic walkthrough and a deck of vertical reels in two minutes, for cents.

Curb turns the $300–$1,000 a videographer charges per listing into an automated, branded, MLS-compliant output an agent can ship on every single home. We start with video and expand into the full visual-marketing stack.

CURB
03 / 16
The insight

Video demonstrably works. Almost no one makes it.

403%more inquiries on listings with video
73%of sellers prefer an agent who offers video
9%of agents actually make listing videos
38%use any video in marketing at all

It was always too slow and too expensive. That single constraint just broke. The adoption gap is the whole opportunity.

Demand figures trace to NAR / industry sources (the 403% to DigitalSherpa) and are marketing-grade, not peer-reviewed.
CURB
04 / 16
Why now

Three curves crossed in the last 14 months.

01 · CAPABILITY

Models went demo → usable

Seedance 2.0, Veo 3.1, Kling 3.0 do stable image-to-video at 1080p. Visible artifacts fell from ~3-in-10 to ~1-in-15.

02 · COST

~60% cheaper since early 2025

Inference is now ~$0.05–$0.15 / second. A full listing video costs cents to a few dollars in raw compute.

03 · PRESSURE

Agents must differentiate

Post-NAR-settlement, agents have to justify their fee. Cheap, high-quality differentiation is a tailwind.

For the first time, "video on every listing" is economically possible.

CURB
05 / 16
The unlock

A once-in-a-decade cost collapse.

Human videographer
$300–1,000
per listing · days of turnaround · 1 format
Curb generation
~$0.50–3
raw inference · 2 minutes · every format

That is a ~99% cost reduction on a thing buyers and sellers already say they want. Gross margins clear 80%+ even at SMB price points.

CURB
06 / 16
The product

From URL to a full content kit.

  • Listing import from a Zillow / MLS URL. Photos in, video out.
  • Cinematic ~50s walkthrough plus a stack of short vertical reels.
  • Branded + unbranded, every aspect ratio, MLS-compliant by default.
  • Two-minute turnaround, agent brand kit baked in.
● ALREADY BUILT

We have a working prototype.

Our in-house create-listing-video pipeline already scrapes a Zillow listing, generates drone aerials, animates each photo with Seedance 2.0, adds title cards and licensed music, and exports a finished walkthrough. Day-one credibility, not a whiteboard.

CURB
07 / 16
Market

Real, but honestly sized.

TAM · all practicing agents × $300–600/yr$450–900M
SAM · ~300–500K full-time, video-inclined agents$90–300M
SOM · 10–25% of SAM in 3–5 yrs$30–120M ARR

~4.5–5M sellable listings a year. Fundable as a seed-stage vertical-AI bet, but $100M ARR sits at the top of the range, or beyond video.

CURB
08 / 16
The honest catch

Most "agents" are the worst SMB customer in software.

~70%of agents sell 5 or fewer homes a year
20%of agents do ~80% of all transactions
5–8%monthly churn for 1–10 agent SMB tools

So we do not sell to "3M licensees." We target the full-time, marketing-spending, video-inclined producers, then expand into teams and brokerages where churn collapses and seats compound.

CURB
09 / 16
Landscape

Crowded, but nobody is anointed.

Reel-E · "18K agents"AutoReelPedraReeloftPhotoAIVideoLuma RECanva / CapCutVeo / Kling direct
SIGNAL

40+ tools, almost all bootstrapped

The niche went from <12 tools (Jan 2025) to 40+ (Feb 2026), yet VCs have funded none of them. No category winner has been crowned.

RISK

The model is a rented commodity

Everyone rents the same Seedance / Veo. Quality alone is not a moat, and Zillow or Canva could ship this natively.

CURB
10 / 16
How we win

Defensibility is the distribution, not the model.

Distribution

Lock a photographer network, brokerage, or MLS channel before competitors do.

Workflow lock-in

Brand kits, CRM + MLS integrations, listing import. Raise switching cost.

RE-tuned models

Proprietary fine-tuning that kills uncanny-valley warped walls and hallucinated furniture.

Become the layer

Position as the visual-content layer for real estate, not "an AI video tool."

CURB
11 / 16
Go-to-market

Land solo, expand to brokerage.

0–12 mo · Wedge

High-GCI solo agents

  • Free-first-video PLG
  • Coach + influencer partners (Tom Ferry tier)
  • 1–2 CRM integrations, IG / FB
12–30 mo · Expand

Teams + brokerages

  • Seat-based contracts
  • Photographer-network reseller (pure margin)
  • Deeper stack integrations
30 mo+ · Ecosystem

MLS + adjacent visual

  • MLS provider bundles
  • Staging, photo, property sites
  • Grow ARPU toward $100M ceiling

Target CAC under $150 on solo agents via referrals; net revenue retention above 110% through team expansion.

CURB
12 / 16
Pricing

Freemium hook, per-listing tiers.

HookFreeFirst video free / watermarked. Exploit low willingness-to-pay, drive PLG.
Solo$39–49/mo~3 listings. All formats bundled per listing.
Team$99/mo~10 listings. One sub covers the team.
Brokerage$299–599/mo30–50 listings. Photographer + enterprise.

Bundle every output format per listing to neutralize competitors who charge per format. With cents-per-video COGS, price for seats and retention, not unit margin.

CURB
13 / 16
Comparables

The category scales and exits.

SCALE PROOF

Luxury Presence

$85M+ ARR, 87K agents, $22M Series C (Bessemer). The RE marketing suite scales and funds.

STRATEGIC EXIT

Virtual Staging AI → Zillow

Bootstrapped, acquired by Zillow (Oct 2024). Proves acquirer appetite for RE visual AI.

PLATFORM EXIT

Matterport → CoStar

$104M ARR, acquired for ~$1.6B (Feb 2025). The adjacent ceiling is real.

AI startups took 41% of all 2025 VC dollars, rising to 54% in early 2026. Median AI seed ~$3.2M at ~$20M. Vertical AI is fundable, but underwritten with discipline.

CURB
14 / 16
The honest verdict
Yellow light.

Bull

  • A real cost collapse meets a documented demand gap.
  • "Video on every listing" becomes a no-brainer.
  • First-mover in an unfunded niche can run the land grab.
  • Expand into a full suite, exit to Zillow / CoStar.

Bear

  • It may be a feature, not a company.
  • Rented model, near-zero switching cost.
  • Part-time agents are the worst SMB segment.
  • Platform risk: Zillow / Canva could zero the market.
CURB
15 / 16
The ask

Greenlight a focused de-risking sprint.

BUILD

Productize the prototype

Self-serve URL-to-video, branded multi-format output, one CRM integration.

PROVE

Sign one distribution pilot

A photographer network, brokerage, or MLS. Distribution is the whole bet.

GATE

Hit the metrics, then raise

CAC < $150, NRR > 110%, sub-6% monthly churn. Then a $2–5M seed on a distribution story.

Kill criteria are explicit: if gross churn stays above 6%/mo with flat NRR by month 6, we pivot to brokerage-only or shelve it. No sunk-cost drift.

CURB
16 / 16
Pioneer Square Labs
Curb
Video on every listing. Let's go win the land grab.
Prototype ready Seeking studio greenlight