Up next is Redfin, a 75 employee strong online real estate brokerage that offers a combination of online service and personal service to help tech-savvy people buy and sell homes.
Redfin’s CEO Glenn Kelman told the story of their advantage which includes having the best search site for properties and hiring the best real estate agents. While Redfin agents make slightly less on a her house sale basis, they close 5-7 transactions per month and are rewarded for providing great customer service.
Redfin has served 3,000 customers to date and have very impressive customer satisfaction feedback results with rating upwards of 97% among buyers. According to Kelman, traffic is going through the roof and revenue is growing 40% year-over-year even in the down housing market.
Redfin has secured $20 Million to date in financing from Madrona, Vulcan, DFJ, and BEV.