Redfin

  • Memo to CEOs And Founders: Share The Love

    Memo to CEOs And Founders: Share The Love

    When we split the atom, Einstein remarked that everything changed but our way of thinking. You could make the same argument about acquisitions and option pools. As Mark Suster recently noted, employees will never see a big payday at most startups unless the company shoots for the moon. This is probably why investors’ case for a company to sell early focuses exclusively on the founder… Read More

  • Good Question! The Eight Best Questions We Got While Raising Venture Capital

    Good Question! The Eight Best Questions We Got While Raising Venture Capital

    For startups, Christmas comes in November. Partners come back from vacation in September and deals start closing a few months later; since the credit crisis deferred fund-raising for most of the past year, November 2009 will probably end up being especially busy. Redfin is one of the companies that just closed a round. Already the process has resulted in a huge shift in our mindset: from… Read More

  • Already Profitable Redfin Raises Another $10 Million

    Seattle based Redfin, an online real estate startup, has raised another $10 million in a venture capital round led by Greylock Partners. Existing investors Madrona Venture Group, Draper Fisher Jurvetson, Vulcan Capital and The HIllman Company all participated in the round, and Greylock’s James Slavet joins the Redfin board of directors. This was a safety round, as Redfin announced… Read More

  • Online Real Estate Broker Redfin Adds More Recent Sales Data And Links To Blogs

    Online Real Estate Broker Redfin Adds More Recent Sales Data And Links To Blogs

    Online real estate broker Redfin is revamping its website to add recent data and photos of recent home sales as well as links to blog discussions of a listing. The Seattle-based startup, which is profitable, represents buyers and sellers in home real estate transactions for far less than the industry rates that take 5%-6% of the sale price of a home and split it between buy and sell brokers. Read More

  • Redfin Turns Profitable, Real Estate Industry Shudders

    An interesting tidbit from today’s Naked Truth event in Seattle: Redfin CEO Glenn Kelman said his company just turned profitable. Since I was sitting next to him on the panel, I asked him off microphone what revenues were. He said the run rate is around $15 million. 2007 revenues were $5 million, 2006 revenues were $1 million. That’s great news for everyone except the real… Read More

  • The Naked Truth 2009 Slides: Show Me The Money

    The Naked Truth 2009 Slides: Show Me The Money

    Taking place tonight in Seattle is The Naked Truth 2009, a Redfin-hosted conference to give entrepreneurs advice. Michael is there participating as an expert to discuss industry trends. This year’s topic is revenue models for consumer Internet startups. The four presenting startups, Redfin, UrbanSpoon, Picnik and Animoto have some interesting information to share via their slides… Read More

  • Taking Advantage Of The DOJ Settlement, Redfin Lists More Data: Tiptoes Into New York

    Taking Advantage Of The DOJ Settlement, Redfin Lists More Data: Tiptoes Into New York

    The real estate slump is still dragging the economy down, but real estate sites that can help people save money or cut down the time it takes to find a decent home are still hanging on. Today, regional online brokerage Redfin is expanding into parts of New York for the first time, including Westchester, Long Island, and Queens (Manhattan and Brooklyn still remain beyond its reach). And in… Read More

  • Redfin Rolls Out The Welcome Mat For Foes Amidst Real Estate Crisis

    Redfin Rolls Out The Welcome Mat For Foes Amidst Real Estate Crisis

    In a surprising move, online real estate brokerage Redfin is entering into partnerships with real estate agents from more than a dozen other brokerages in areas that Redfin’s in-house agents can’t reach. Redfin appears to have changed its tune from its founding when the firm wasn’t really getting along with real estate agents. In fact, Redfin seemed to be founded with the… Read More

  • Real Estate Search Engine Roost Closes An $8 Million B Round

    Real Estate Search Engine Roost Closes An $8 Million B Round

    The economy is in the hole, and real estate is in an even deeper hole. What better time to invest in a real estate search engine? Shasta Ventures just led an $8 million series B financing in Roost, a real-estate search engine that is grabbing data from MLS listings (actually from something called the IDX, or Internet Data Exchange, which is a close proxy to MLS listings). As a result… Read More

  • The First-Time CEO's Recession Survival Guide

    The First-Time CEO's Recession Survival Guide

    Startups can be the most conservative organizations in the world. We spend so much energy nurturing our delicate egos against naysayers and self-doubt that we can hardly admit mistakes. This is especially true of first-time CEOs. Thousands of new web companies were born in the last few years, and many of us just got the job. We set off with the same directions: tackle a big problem, listen… Read More