2007-10-14 01:22 Professional Pride
At Inman's Real Estate Connect San Francisco this last week I was quite surprised during a discussion facilitated by Brad Inman between Redfin CEO Glen Kelman and Lennox Scott, CEO of John L. Scott Real Estate. I was upset that through the discussion I believe the concept of sales person was taken down a notch. You can check out the "Duet" between Lennox and Glen. The part I am interested in is at about 11 minutes. You can click right there. It is at this part that the conversation goes into a d …
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2007-09-06 14:54 RainTV - Glenn Kelman - CEO of Redfin
Interviewed by Sara Washburn
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2007-09-06 02:43 The Psychology of Listings and Rates
Disclaimer: This has post has nothing to do with web-designers or developer quality. Which site would you think gets more traffic and generates more leads (this isn t an optical illusion) Ugly Betty Pretty Woman Answer: Ugly Betty, hands down (you ll have to trust me, I ve seen both sites traffic metrics). Why/ How It s easier to locate Ugly Betty s listings than Pretty Womans. I don t believe this to be by (intelligent) design, which makes the point of this post it s all about the lis …
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2007-09-05 22:47 Laurie Manny Challenge - 3 Posts I Think You Should Read
I will always remember Mr. Hoban, my high school English teacher. He caught my attention (at a time when that was very hard to do!), made me want to ask questions, and ultimately inspired me to change my major in college from math to English. A good blogger can have the same affect on me; albeit perhaps not as life-changing! In this context I decided to have my own contest to determine my favorite bloggers in three different catagories and then choose their best post to share with you: …
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2007-09-05 16:00 Guest Post: Why do traditional Realtors despise discounters
Our real estate brokerage, BloodhoundRealty.com, is about to list a house for sale in one of the pricier neighborhoods of Phoenix. Our listing strategy is like a military campaign, so we're always aware of our competition. We knew a similar home two doors away was ready to go on the market, but we were convinced it would be marketed For-Sale-By-Owner so we didn't feel threatened. Why not Because despite what you might have read, a by-owner seller is no match for a skilled listing agent. I'm will …
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2007-08-31 12:20 Investors prefer advertising as business model for Internet start-ups
The Wall Street Journal had an interesting article last week entitled: "Investors to Web Start-Ups: Where's the Advertising" The article mainly traces the experience of Glenn Kelman, who runs an online real-estate brokerage called Redfin Corp. Unlike migoa (or Trulia or Zillow, both of which are also mentioned in the article as advertising-based alternatives to Redfin), Redfin allows consumers to buy or sell homes online. Its model is based not on advertising, but rather on the commision that …
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2007-08-28 12:21 Paying Markets And Freelance Jobs For August 22nd
PAYING MARKETS These are NOT recycled guidelines. WritersWeekly.com only features original market listings, received from and approved by the editors at each publication. The Magazine of Fantasy & Science Fiction CURRENT NEEDS: "As our guidelines state, we always need more science fiction and more humor." Pays $0.06-$0.09 per word for 25K maximum length. Minnesota Law & Politics, Washington Law & Politics CURRENT NEEDS: "We ALWAYS need original stories about the law or politics, and they ALWAYS …
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2007-08-27 20:11 Mini-Microsoft
Way ahead of you, dude: Already off and into Redfin's orbit is former Microsoftie Jeff Yee: Will work for food: why I left Microsoft for a startup. Snippet:
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2007-08-27 01:44 Reviewzapalooza!
Let's talk about you : it's Reviewzapalooza time! How do you like the new numbers sheet - does it help with the context of what your awards are Once again, the charmingly good looking folks who participate in the comments here have started sharing their numbers to help get an idea of how they stand and how it compares across groups in the company. You can see some comments in the Gone Fishin' post, and the template that has evolved into is basically: Position: Job Title Level: Commitment: Exceed …
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2007-08-25 14:23 The Future of Work...And How This Will Change the Real Estate Industry! *(Part 2)
The nature of Customer service within the United States has changed. How often do you interact with a machine prior or instead of talking with a human being We are being trained to bypass "humans" unless absolutely necessary. And, for many of us, the necessity of human interaction for many tasks is diminishing. Even a trip to the grocery store has us checking ourselves out and bagging our own groceries. This trend towards automation has serious implications for any business that relies …
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2007-08-24 04:04 Bill Gates' patent application, and other items of note, like Jeff Yee's blog! (John Cook's blog)
Former Microsoftie Jeff Yee explains why he left the company for Redfin, the online real-estate start-up. In the process, he offers perspectives on life inside Microsoft. For example: "Legitimate questions often got defensive responses. To paraphrase one
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2007-08-22 22:29 Venture investors fall in love with ads (John Cook's blog)
Show me the ads! Internet entrepreneurs with business models that don't rely on online advertising are having a tougher time raising venture capital money, according to a story in The Wall Street Journal. Redfin's Glenn KelmanRedfin Chief Executive Glenn
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2007-08-22 19:15 Redfin Sweet Digs, The Chron, Bankrate and me
I do a lot of daily reading. Yesterday I was reading the Redfin Blog. In it they referenced an article that appeared in the San Francisco Chronicle last Thursday. Mortgage crunch hits Bay Area hard because of jumbo loans The article covered most of the basics, got most of the info correct, and overall was a well written article. Good job, Carolyn Said and Kelly Zito! But then I got down to the bottom... Do you know that sound Sitcoms use The old needle on the phonograph record being dragged side …
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2007-08-21 17:27 Investors to Web Start-Ups: Where's the Advertising - WSJ.com
Tech entrepreneur Glenn Kelman's online real-estate brokerage, Redfin Corp., allows consumers to buy or sell homes online and takes a cut of each real-estate transaction it brokers. To Mr. Kelman, it's a sensible business model. But when he sought backin
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2007-08-21 02:13 Will Work For Food: Why I Left Microsoft for a Startup
I've been asked by many of my friends and family why I decided to leave my position at Microsoft, where I was appreciated and rewarded, for more work, more responsibility, and more stress. Well, the decision was mainly a result of three factors. First, someday I may start my own company, and transitioning from a startup makes that much easier. Second, I didn t agree with many of Microsoft s decisions and direction. Third, I wanted to build a product that would really cater to consumers and could …
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2007-08-20 22:13 Real Estate Deals Head Online - News and Analysis by PC Magazine
Redfin (www.redfin.com) is one such realtor. Founder and president Glen Kelman sees a future goldmine in offering people deeply discounted closing services and partial commission refunds. "As more data becomes available, people become more self-sufficient
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2007-08-20 22:12 Startups: A User's Manual | Table of Contents | Seattle Business Monthly
Prepare for the unexpected: Redfin.com took a hit this summer when it was forced to suspend its informative blogs on homes that were for sale. Called Sweet Digs, the blogs allowed reviewers to go to open houses and offer thier honest impressions of the ho
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2007-08-19 22:46 Inman's Innovator Awards - A Partial List and a Touch of Bias
Most Innovative Brokerage or Franchise The Corcoran Group (ratting out your industry has been quite a marketing tool and we should know - our book, "Ratting Out Your Industry for Profit and Fame" is moving up nicely on all best-seller lists. Barbara C could do the intro on the reprint) HUD's Neighborhood Database (excitement abounds here - the movie is forthcoming) Wellcomemat (sounds like a support group for folks with self-esteem issues) Zillow Q&A (here's where inaccuracy is explained, cl …
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2007-08-19 19:14 The People's Choice Award: Pick the best of this week's real estate writing
Here is the (not very) short list of this week's nominees for The Odysseus Medal. You can vote for one of these posts for the People's Choice Award. These are this week's entires: Dan Green - How Sub-Prime and Alt-A Mortgage Markets Are Behaving Like NFL Draft Picks Patrick Kapowich - Deja Vu ~ Many Qualified Buyers Sit Out the "Sweet Spot" of a Buyer's Market, Then Enter The Market in Droves, When the Scales Tip Erik Hersman - When You Should Consider Using Property Specific Domains to Sell You …
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2007-08-18 23:08 SEO, Meta Tag, Keywords, Real Estate Marketing 2.0. To Live and Die by the Sword
˜Open source, ˜Blogging, 'Web 2.0', the importance (or impotence ) of Search Engine Optimization is the buzz of the Internet, and especially hot in the real estate and mortgage verticals. Regardless of the lingo used, one thing is evident The big WWW has evolved (very) dramatically. There are new rules since the web has gotten smarter; it s a very different beast than the gigantic digital archive of static pages it used to be. Change fosters discontent amongst the institutionalized. Most pe …
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2007-08-18 01:14 The opposite of Redfin...
My day job is running a real estate company and the last few weeks my job has been an exploration in developing the companies culture. Tonight I realized that: Our mission is to become the opposite of Redfin. As far as I can tell after talking with Glenn, Redfin's CEO, Redfin wants to be known for providing a minimal level of service to "rich geeks" for a cheap price. Brio will be known for providing the highest level of service, to those who care about that kind of service and expertise, and …
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2007-08-17 20:38 Julian Davies and Leo Plaw
It's been a while that I have had some close collaborators for much of my business. I love meeting great professionals who are great at their job and who I can trust to help out my clients when they need it., Two of these guys are Julian and Leo. Julian's a finance man. Numbers, accounts, mergers and acquisitions, due diligence and EBITDA just about sums him up. Despite this he really DOES understand how creative companies work and how to make money from them.... He works as a freelance FD and …
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2007-08-15 19:48 Quote of the Day Aug 15, 2007
"Start-ups are like medieval monasteries: always convinced that paradise is just ahead or that things only recently got worse. If you can begin to enjoy the process of building a start-up rather than the outcome, you'll be a better leader." – Glenn Kelman, CEO of Redfin, in an overlooked 'Quote of the Week' on Marc Andreessen's blog. Founders' Lesson #16: Leadership is what you do while you're making other plans. Glenn is a founder, too, of Plumtree Software, and we suggest you his post on …
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2007-08-14 16:39 What if Zillow and Trulia closed shop tomorrow
I have had lots of conversations lately centered on handicapping the field of new web 2.0 companies in real estate. Will Trulia trump Zillow Which neighborhood site will get it right Does Redfin or Estately have the best search interface I ve come to the conclusion that this debate is largely academic. Some of these companies will change the real estate experience. Many will fail. But ultimately, what happens with any of them is epiphenomenal. Platforms and people are the real drivers of web 2.0 …
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2007-08-14 03:11 Real Estate Carnivals Galore
The 54th Carnival of Real Estate is now live over at fellow white African Erik Hersman's Realty Thoughts blog. Of the no-doubt numerous entries he received, he picked out 6 for special mention, including yours truly's article on Redfin as an example of the Innovator's Dilemma. I'm honored. Prolific blogger, writer par excellence, controversy-stirrer, and maverick Greg Swann, disappointed with the judging and content of recent Carnivals, sets off on a course of his own with his weekly re.net writ …
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