HouseValues (SOLD), the 10 year-old lead generation company, shed it’s skin this morning and repositioned itself as a marketing and technology solutions company.
The new company is going to be called Market Leader and brings together a number of HouseValues’ recent acquisitions, including RealtyGenerator web site and CRM tool, under a new roof. They also have [...]
Housevalues lost $1.3 million in the 2nd quarter of 2008, the company reported in a press release last week. John Cook also reported that they lost over 400 customers in the same period.
But don’t shed a tear for HV – they’re still sitting on $62.7 million in cash. And that’s a bucket of cash that [...]
Paul Kedrosky on why HouseValues’ investment in ActiveRain is the Worst Timed Investment Ever:
Worst: Real estate is in the tank and likely to stay there for some time. Venture capitalists are atrocious market timers, and this is, if anything, a sign things are going to get worse. Further, building a social network for real estate [...]
ActiveRain, the popular social network/blogging platform for real estate professionals, announced today it has received $2.75 million in funding (see the official post on their site).
In a move that may raise some eyebrows, the money came from fellow Seattle venture HouseValues.com in exchange for a minority stake in the company.
I had a chance to talk [...]
Hitwise, the Internet traffic ranking service, just released its US Real Estate Report for February 2007. The report is based on a sample audience of 10 million US Internet users. It’s kind of like Nielsen numbers for the ‘Net.
Top 30 Real Estate Websites
(click on thumbnail to get a larger image)
My observations:
Move.com is on the [...]
John Cook reports that things are looking grim for the lead generator.
posted a net loss of $1.5 million for the quarter. That compared to profits of $4.3 million for the same period last year.
I’m not sure I buy CEO’s explanation that it was all due to market conditions. I’d pin it on evolving online marketing [...]
