A New Phoenicia

At last Thursday’s SIC conference, Tricia Duryee asked why online real estate companies have prospered in Seattle. One panelist cited low home prices, which let young entrepreneurs buy homes they could never afford in Silicon Valley, and from there begin to wonder how real estate could be better. Another suggestion was that HouseValues’ roaring 2004 IPO… Read More

Starve the Beast

The Occupy Wall Street protests once seemed so futile to me. You just can’t stop smart people from making money, and I’m not really sure why you’d want to. But it turns out you can persuade those people to make money by doing something useful beyond lining up on either side of a financial bet. They… Read More

It’s Not a Monster Truck Rally, It’s A Real Estate Market

Big news Redfinnians! Redfin just raised $15 million, mostly on the strength of nice revenue growth and very, very happy customers. Since launching our service with one Seattle real estate agent in 2006, we’ve closed about $6 billion in home sales, with a customer satisfaction rate of 97%. Consumers have saved $85 million in commissions…. Read More

Trying & Not-Trying

Many folks asked this past week how I’ve felt about Steve Jobs’s death, and wondered why I haven’t written about it. When I first heard the news, I thought of a graph Jonathan Franzen drew in “How to Be Alone,” about how Franzen’s ailing father made no concessions to Parkinson’s and then, when that effort… Read More