{"id":1672,"date":"2007-07-18T08:09:40","date_gmt":"2007-07-18T15:09:40","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1672"},"modified":"2007-07-18T08:09:40","modified_gmt":"2007-07-18T15:09:40","slug":"why-stop-now-tell-redfin-that-theres-more-where-that-came-from","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1672\/why-stop-now-tell-redfin-that-theres-more-where-that-came-from\/","title":{"rendered":"Why stop now? Tell Redfin that there’s more where that came from."},"content":{"rendered":"

Of course Greg scooped me. If you believe his 11:53 PM time stamp, he was analyzing and typing away while I was dreaming up another real estate vignette. At least now I know to check the blog first. Bloodhound has all but replaced my feed reader.<\/p>\n

In any event, a routine 6:00 am review of my email box found the news from Redfin’s Cynthia Pang that they are the proud parents of a $12 million bundle of VC joy. This, they say, should do it. Said CEO Glenn Kelman:<\/p>\n

We expect this to be our last round of venture financing, so we looked for a guide on the long journey ahead who could help us generate profits and lead our market.<\/p><\/blockquote>\n

One obvious reaction might be, “Who possessing a pulse would sink $12 million dollars into what to date has been a completely failed business venture?” One obvious answer would be – people with money and brains in inverse proportion.<\/p>\n

This came to me a few days ago from “IDRIS”:<\/p>\n

I am writing you this letter because I believe that you are capable of helping me. I am looking for a reputable business partner to invest a huge sum of money in lucrative businesses in your country.<\/p><\/blockquote>\n

A huge sum? Say, $12 million? A coincidence? I think not.<\/p>\n

So, I say to Glenn, don’t stop now! I am here to tell you that there is plenty more where that came from, and I now realize that the $12 million dollars you secured was all but mine had I just read my emails closely and not been so distracted actually representing buyers and sellers in successful transactions.<\/p>\n

Of course, I didn’t listen. Frederick Mugabe from Zimbabwe recently offered me $450,000 to help him handle the placement of $14,982,000 into a “profitable business investment”. And, just yesterday, I learned from bank officials in Amsterdam that my email address was attached to the “winning ticket”, entitling me to 2 million euros. On second thought, forget that one. The exchange rate isn’t favorable.<\/p>\n

On the other hand, last week a nice God-fearing lady in Darfur who recently lost her husband and is now Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Of course Greg scooped me. If you believe his 11:53 PM time stamp, he was analyzing and typing away while I was dreaming up another real estate vignette. At least now I know to check the blog first. Bloodhound has all but replaced my feed reader. In any event, a routine 6:00 am review of […]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[5,27],"tags":[],"class_list":["post-1672","post","type-post","status-publish","format-standard","hentry","category-real-estate","category-redfincom","no-featured-image"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1897,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1897\/unlike-venture-capital-vampire-redfincom-iggys-house-seeks-suckers-on-wall-street\/","url_meta":{"origin":1672,"position":0},"title":"Unlike venture-capital vampire Redfin.com, Iggy’s House seeks suckers on Wall Street","author":"Greg Swann","date":"September 6, 2007","format":false,"excerpt":"John Cook's Venture Blog:Despite challenges in the national real estate market, Chicago discount real estate service Iggy's House plans to try its luck with an initial public offering that could raise up to $15 million, according to a filing with the Securities and Exchange Commission. If successful, that would be\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1951,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1951\/zillowcom-snares-another-30-million-in-venture-capital\/","url_meta":{"origin":1672,"position":1},"title":"Zillow.com snares another $30 million in venture capital","author":"Greg Swann","date":"September 19, 2007","format":false,"excerpt":"VentureBeat:Zillow, the controversial website that gives value estimates of people\u2019s homes and other real estate info, has raised a significant $30 million of funding, despite the mortgage industry credit crunch. The Seattle company has now raised a hefty $87 million in total funding during its short lifetime, making it one\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1466,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1466\/truliacom-raises-an-additional-10-million\/","url_meta":{"origin":1672,"position":2},"title":"Trulia.com raises an additional $10 million","author":"Greg Swann","date":"May 24, 2007","format":false,"excerpt":"So says BlogForward in a strange little post. That puts the San Francisco-based Realty.bot's total VC investment at $18 million, so far. Further notice: TruliaBlog, TechCrunch, John Cook's Venture Blog. The BlogForward post is actually a splog of this Venture Beat article, a tendentious mess of unquestioned, uncited misinformation (e.g.,\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2070,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2070\/is-zillowcom-shutting-down-could-the-media-darling-and-incipient-double-jeopardy-question-be-headed-for-the-dead-pool\/","url_meta":{"origin":1672,"position":3},"title":"Is Zillow.com shutting down? Could the media darling and incipient Double Jeopardy question be headed for the dead pool?","author":"Greg Swann","date":"October 20, 2007","format":false,"excerpt":"Not so much, despite a prank posting on the realty.bot's forums:Zillow will be shut down on Nov 2nd Their revenue stream is in concert with the real estate market. They simply ran out of money. Hence no price updates for over a month.The Cluetrain runs on Saturdays in Seattle, so\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1671,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1671\/redfin-cops-another-12-million-raising-investors-stake-in-the-discount-realtybot-to-40000-per-closed-transaction\/","url_meta":{"origin":1672,"position":4},"title":"Redfin cops another $12 million, raising investors’ stake in the discount realty.bot to $40,000 per closed transaction","author":"Greg Swann","date":"July 17, 2007","format":false,"excerpt":"The indefatigable John Cook:Redfin has raised an additional $12 million in venture funding, money that the Seattle discount real estate broker will use to enhance its Web site and expand into new markets. First up for Redfin are the Washington D.C and Baltimore areas, which are being unveiled today. Next\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2368,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2368\/want-to-get-on-the-today-show-first-get-yourself-a-death-grip-on-the-obvious-then-pimp-it-in-a-snazzy-press-release\/","url_meta":{"origin":1672,"position":5},"title":"Want to get on the Today show? First, get yourself a death grip on the obvious, then pimp it in a snazzy press release","author":"Greg Swann","date":"December 13, 2007","format":false,"excerpt":"I don't want to be mean to Redfin.com. It's Christmas, for one thing. Plus which, Cynthia Pang, Redfin's PR Queen, is even nicer than David Gibbons. And, all things considered, Redfin's latest bold PR thrust is not all that awful. But still, it is funny... The fact is, these Dilberts\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1672"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1672\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}