I just do not get this one. $57mm in funding to-date, 126 employees. I know real estate is a huge market, but these guys really have not solved anything. Their valuation data is wildly inaccurate … you can do just as good with tax appraisal records and some local market knowledge. Have not seen stuff like this since the late nineties (i.e. over-funded land grabs).
I’m looking at homes out of state now and am selling mine. I’ve seen zero use for Zillow in the process.
Someone in this space may justify $57mm or more in funding, but I just do not see it here yet.
– brian
