Redfin Closes $12-Million Round Led by Draper Fisher Jurvetson

Redfin today announced its expansion to the Washington, D.C. area and a $12-million series-C financing led by Draper Fisher Jurvetson, the folks behind Skype, Overture and Hotmail. The whole process of raising money from DFJ seemed to encapsulate the essential Redfin traits (persistence, serendipity, adventure, speed): Redfin wooed DFJ somewhat unsuccessfully over the course of… Read More

OK, We Can Be Moved .01%

Thanks to McKinsey-trained Kevin Boer, one of several brokers who reviewed Redfin’s NWMLS data, Redfin has discovered that we screwed up the accounting for one transaction in our analysis of Redfin’s negotiating advantage. Except for this transaction, Kevin seems to have corroborated our analysis. We originally reported that our King County buyers got a final… Read More

A Year's Numbers Come in From the MLS: Redfin Agents Negotiate Better

Redfin announced big news today, publishing MLS data that indicates our agents negotiate significantly better than their counterparts at traditional brokerages. Last month at Brad Inman’s big real estate conference in New York, Realtor.com President Allan Dalton accused Redfin and other critics of a “massive level of disingenuous communication,” because we ignore the likelihood that… Read More

Holy Guacamole! Move.com Squares Off with Redfin at Inman

At real estate’s big Inman technology conference in Manhattan, Redfin squared off with Allan Dalton, Move.com’s President of Real Estate, in a keynote session entitled high-touch vs. high-tech, about the differences between online brokers and traditional real estate agents. Move.com runs Realtor.com for the National Association of Realtors, publishing listings nationwide. It has also threatened… Read More