Tuesday, October 25, 2005

Expedia Founder Takes On Online Real Estate With Zillow.com

Venturewire: "Sealing Series A financing from venture firms Benchmark Capital and Technology Crossover Ventures, Zillow.com aims to do for residential real estate what Expedia.com did for travel reservations.

'It is one of those huge businesses...where we all still tend to pay 6% commission when we transact houses,' said co-founder and Chief Executive Richard Barton. 'It looks a little strange and we're trying to figure out why.'

Still in stealth mode, Zillow is keeping quiet about its business model; the company's Web site won't go live for several months.

1 comment:

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