Chapter
Successful Real Estate Startup Run by Committee
31:24 - 36:41 (05:16)
Real estate startup run by committee was able to lower broker commission and automate processes to sell houses with less people. After hiring a CEO from a venture capital firm, the startup made $10 million in revenue in their first year of sales and went up to $40 million.
Clips
A group of brilliant individuals who previously worked for Oracle joined forces and created a successful company that hit $10 million in revenue in its first year of sales.
31:24 - 33:38 (02:13)
Summary
A group of brilliant individuals who previously worked for Oracle joined forces and created a successful company that hit $10 million in revenue in its first year of sales. The company, now worth millions, has gone through multiple CEOs and has an impressive return for its VC investors.
ChapterSuccessful Real Estate Startup Run by Committee
Episode#112 - Why Buying Businesses Is Better Than Starting Them and The Mad Genius of Kanye West
PodcastMy First Million
This podcast episode discusses an innovative approach to real estate brokerage that involves less commission, automated walkthroughs, and data modeling to buy houses at the right price.
33:38 - 36:41 (03:03)
Summary
This podcast episode discusses an innovative approach to real estate brokerage that involves less commission, automated walkthroughs, and data modeling to buy houses at the right price. The founders had a big vision and required a lot of startup capital to launch.