glenn kelman

  • Real estate site Redfin up 11% on stock market day two

    Real estate site Redfin up 11% on stock market day two

    Redfin, the Seattle-based real estate site, had a great first couple days on the stock market. After pricing above the expected range at $15 per share, the stock closed Friday up about 45% at almost $22. Today, shares were up another 11%, closing above $24. With a market cap approaching $2 billion, it’s more than double than the $770 million valuation that Redfin achieved in its last… Read More

  • Is Seattle Silicon Valley’s Next Favorite Stop? Crunch Network

    Is Seattle Silicon Valley’s Next Favorite Stop?

    In the last ten years, the Seattle tech scene has changed quite dramatically. In the 1990s and early 2000s, the only gigantic software companies in town were Microsoft and Amazon. For a time it even became common knowledge that most Seattle-based startups had only two viable exit strategies: go public, or get acquired by Microsoft. Read More

  • Take The Red Pill: The Rise Of The Hybrid Startup

    Take The Red Pill: The Rise Of The Hybrid Startup

    Several years ago, before Gilt, One King’s Lane and Zulily, I argued that some of the most valuable, disruptive tech startups would be in commerce, not advertising, cutting out the middle man rather than adding another one. It’s fair to say that 2010’s fastest-growing technology companies have largely been examples of this trend. Now there’s a second trend emerging… Read More

  • Redfin's CEO, Michael Arrington And Tom Cruise Walk Into A Room

    With TechCrunch’s fifth birthday less than 24 hours away, a certain degree of navel gazing is appropriate, if not required. On Wednesday afternoon, TechCrunch founder and newly minted Seattle resident, Michael Arrington, dropped by Atlassian’s Starter Day for a double header: an interview with Redfin CEO Glenn Kelman and “Tom Cruise” (more on that later). Over the last… Read More

  • 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