How Much am I Worth ? and Get Me a House While You are There.
Real estate is one of those markets that's being sliced n diced by 2.0 : Some are using it to their advantage. Namely Zillow. (and Trulia) It's going to be very interesting the next 5 years as classified leaders upgrade their legacy search / houses for sale / suburb(s) / price model. Now what will happen locally... thats another question for the kav.
Fortune : "The two men behind Zillow, a pair of former Microsoft executives named Richard Barton and Lloyd Frink, don't exactly cut the image of moguls intent on upsetting a $2.27 trillion industry. On the day of my visit to Zillow's headquarters, Frink, who's 42 and president of the operation, is wearing a Seahawks jersey and seems most interested in talking about football. And Barton, the company's 39-year-old chairman and CEO, couldn't look less threatening - put a pool cue in his hand and he'd be perfect in a Dockers ad. But the two entrepreneurs know an industry in transition when they see it. They've placed $5 million of their own money, $1 million from early employees, and another $51 million in venture capital on a bet that real estate is ripe for some good old-fashioned Internet repositioning."
VC Ratings : "To change the game, Zillow must do one of two things. It could choose to facilitate the buying and selling of homes via a partnership or acquisition of a discount real estate brokerage like Redfin or Movoto. While that would completely change its business model from relying on real estate brokerage advertising dollars, the mortgage broker ad dollars in addition to the lucrative transaction fees would more than make up for the loss. "
Fortune : "The two men behind Zillow, a pair of former Microsoft executives named Richard Barton and Lloyd Frink, don't exactly cut the image of moguls intent on upsetting a $2.27 trillion industry. On the day of my visit to Zillow's headquarters, Frink, who's 42 and president of the operation, is wearing a Seahawks jersey and seems most interested in talking about football. And Barton, the company's 39-year-old chairman and CEO, couldn't look less threatening - put a pool cue in his hand and he'd be perfect in a Dockers ad. But the two entrepreneurs know an industry in transition when they see it. They've placed $5 million of their own money, $1 million from early employees, and another $51 million in venture capital on a bet that real estate is ripe for some good old-fashioned Internet repositioning."
VC Ratings : "To change the game, Zillow must do one of two things. It could choose to facilitate the buying and selling of homes via a partnership or acquisition of a discount real estate brokerage like Redfin or Movoto. While that would completely change its business model from relying on real estate brokerage advertising dollars, the mortgage broker ad dollars in addition to the lucrative transaction fees would more than make up for the loss. "
posted by redbarren at 11:55 AM
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