{"id":128,"date":"2006-01-23T11:11:00","date_gmt":"2006-01-23T18:11:00","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=128"},"modified":"2006-01-23T11:11:00","modified_gmt":"2006-01-23T18:11:00","slug":"venture-capital-pours-into-real-estate-tech","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2006\/01\/23\/venture-capital-pours-into-real-estate-tech\/","title":{"rendered":"Venture Capital Pours Into Real Estate Tech"},"content":{"rendered":"

Remember the late 90’s? Remember all the money that was being thrown around at virtually anyone who could use a computer and form a complete sentence? Well the 90’s are over. Now you have to do more than form a complete sentence and use a computer to get millions of dollars in funding for your wild idea. Now you have to relate your idea to real estate<\/a>.<\/p>\n

Those days have returned for at least one fast-growing Seattle Internet company. Zillow.com, the highly secretive online real estate startup that was started by former Expedia executives, recently pulled in $26 million in venture capital financing, according to my story. I discovered the financing — one of the largest in a Seattle Internet company in the past year — in a filing with the state. Last October, Zillow announced that it raised money from Benchmark Capital and Technology Crossover Ventures. But at the time, it didn’t say how much.<\/p>\n

Now, we know. Total financing in the year-old company, which at this time last year was a germ of an idea, stands at $32 million. The Wall Street Journal, which featured Zillow.com in a story late last week, also cited that figure. So did BusinessWeek.<\/p>\n

That’s a pretty big war chest for a company that won’t say what it is doing.<\/p><\/blockquote>\n

Maybe if I had a more positive attitude, I could turn my tech knowledge into millions of dollars in funding for a real estate website. Or instead I could just keep posting on this blog about how ridiculous things have gotten lately. I think I’ll do that.<\/p>\n

(John Cook, Seattle P-I Blog<\/a>, 01.18.2006<\/i>)<\/p>\n

\n
Seattle Bubble Tip Jar<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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