Comments on: Sequoia Leads Trulia’s $10 Million Series C http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/ Startup and Technology News Thu, 26 Nov 2009 15:38:02 -0800 hourly 1 By: <fb:name linked="false" useyou="false" uid="714588">Dave Story</fb:name> http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-2933301 Dave Story Wed, 19 Aug 2009 05:51:11 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-2933301 Hey #26, did that new site ever launch? It's been a long time, but what did launch (if anything) in June 2007? Hey #26, did that new site ever launch? It’s been a long time, but what did launch (if anything) in June 2007?

]]> By: jancwiacmd http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1441821 jancwiacmd Tue, 19 Jun 2007 01:37:05 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1441821 Hello! Good Site! Thanks you! bdtiwnjqyijzuj Hello! Good Site! Thanks you! bdtiwnjqyijzuj

]]> By: Jack_im http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1422648 Jack_im Mon, 11 Jun 2007 15:10:04 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1422648 Hola! Check this out! <a></a> * Hola!
Check this out!
*

]]> By: nomadicalloy http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1398171 nomadicalloy Sun, 27 May 2007 06:03:57 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1398171 Trulia looks like a good web 2.0 app. Trulia looks like a good web 2.0 app.

]]> By: Re: ellme the truth http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394626 Re: ellme the truth Fri, 25 May 2007 01:07:03 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394626 Trulia is a real estate aggregator / customized search engine. The main problem that Trulia is trying to solve is that there are "thousands of real estate websites across the U.S." and Google is woefully inadequate for finding housing listings on those sites. The problem with the century21 website is that it only shows century21 listings. Your observation is like saying "why use Google news when there's TechCrunch"? I take it that the answer is obvious. Also, they don't have anything to do with real estate licenses. Finally, in regard to their revenue model: see the post above. And then compare with the latest figures from IAB: "Internet advertising revenues in the U.S. continued upward totaling $16.9 billion in 2006, a new annual record exceeding 2005 by 35%" Trulia is a real estate aggregator / customized search engine. The main problem that Trulia is trying to solve is that there are “thousands of real estate websites across the U.S.” and Google is woefully inadequate for finding housing listings on those sites. The problem with the century21 website is that it only shows century21 listings. Your observation is like saying “why use Google news when there’s TechCrunch”? I take it that the answer is obvious.

Also, they don’t have anything to do with real estate licenses.

Finally, in regard to their revenue model: see the post above. And then compare with the latest figures from IAB: “Internet advertising revenues in the U.S. continued upward totaling $16.9 billion in 2006, a new annual record exceeding 2005 by 35%”

]]> By: Anonymous http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394619 Anonymous Fri, 25 May 2007 00:57:57 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394619 For everyone wondering about Trulia's revenue model: they're not very secretive about it. From their About page: "How We Make Money. We make money through advertising, not lead generation. Here's the story: real estate professionals and organizations currently spend around $11 billion every year on their marketing. Our business model is pretty simple—we create the best real estate search experience on the Web; you, your family & friends use us; real estate professionals and service providers advertise on our site; we continue to innovate to create an even better real estate search experience. Make sense?" For everyone wondering about Trulia’s revenue model: they’re not very secretive about it. From their About page:

“How We Make Money. We make money through advertising, not lead generation. Here’s the story: real estate professionals and organizations currently spend around $11 billion every year on their marketing. Our business model is pretty simple—we create the best real estate search experience on the Web; you, your family & friends use us; real estate professionals and service providers advertise on our site; we continue to innovate to create an even better real estate search experience. Make sense?”

]]> By: Manish http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394523 Manish Thu, 24 May 2007 23:38:33 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394523 Given the information asymmetry in the real estate space, and the total size of this market opportunity, this investment comes as no suprise. Some regulation changes ( making this space more open ), coupled with some big innovations, could result in a very compelling product. Given the information asymmetry in the real estate space, and the total size of this market opportunity, this investment comes as no suprise. Some regulation changes ( making this space more open ), coupled with some big innovations, could result in a very compelling product.

]]> By: RE: #26 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394386 RE: #26 Thu, 24 May 2007 22:26:13 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394386 Nope. A brand new site entering this space without the bloated politics, committees, red tape, etc. getting in the way of development. Just a rock solid UI combined with important features never seen before. They will make some waves. Nope. A brand new site entering this space without the bloated politics, committees, red tape, etc. getting in the way of development. Just a rock solid UI combined with important features never seen before. They will make some waves.

]]> By: shamess http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394320 shamess Thu, 24 May 2007 21:35:07 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394320 Techcrunch, I was wondering; have you guys ever done a post on how companies actually spend all these millions? I can't imagine what they could need it all for. Techcrunch, I was wondering; have you guys ever done a post on how companies actually spend all these millions? I can’t imagine what they could need it all for.

]]> By: RE: Trulia's ok, but... http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394226 RE: Trulia's ok, but... Thu, 24 May 2007 20:30:29 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394226 "Keep on the lookout for a new RE site launching in June. They have kept real quiet, but words out they will blow Trulia and everything else out of the water." I hope you're not referring to Move.com's stealth project. Those guys don't have the product/developer talent to come close to what Trulia, Zillow can pull off. I wouldn't be surprised if Trulia and Zillow are making more net income than Move within the next year. Check out Move's SEC filings on executive compensation if you want to see why none of the revenue is falling down to the bottom line... “Keep on the lookout for a new RE site launching in June. They have kept real quiet, but words out they will blow Trulia and everything else out of the water.”

I hope you’re not referring to Move.com’s stealth project. Those guys don’t have the product/developer talent to come close to what Trulia, Zillow can pull off.

I wouldn’t be surprised if Trulia and Zillow are making more net income than Move within the next year. Check out Move’s SEC filings on executive compensation if you want to see why none of the revenue is falling down to the bottom line…

]]> By: Trulia's ok, but... http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394153 Trulia's ok, but... Thu, 24 May 2007 19:26:54 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394153 #22. You are right on, but keep in mind that Trulia does have a business model and have chosen not to publicize it. Regarding technology, they've made a pretty site with sex appeal. A lot of features, but truncated and not unified. All of their features should be accomplished with one screen. Their biggest problem is not having all the listings, although most people using them don't realize it. I have not done any studies, but my guess is they have less than 50% of all active listings. I could be off, but regardless, a home purchase is a major investment, and I want to see all available listings to make the best choice. Keep on the lookout for a new RE site launching in June. They have kept real quiet, but words out they will blow Trulia and everything else out of the water. They have all the listings via IDX and will cover 200+ major metros within the next 6 months. Their front end blows alway Trulia. You'll hear about them soon. #22. You are right on, but keep in mind that Trulia does have a business model and have chosen not to publicize it. Regarding technology, they’ve made a pretty site with sex appeal. A lot of features, but truncated and not unified. All of their features should be accomplished with one screen. Their biggest problem is not having all the listings, although most people using them don’t realize it. I have not done any studies, but my guess is they have less than 50% of all active listings. I could be off, but regardless, a home purchase is a major investment, and I want to see all available listings to make the best choice.

Keep on the lookout for a new RE site launching in June. They have kept real quiet, but words out they will blow Trulia and everything else out of the water. They have all the listings via IDX and will cover 200+ major metros within the next 6 months. Their front end blows alway Trulia. You’ll hear about them soon.

]]> By: Metagg http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394150 Metagg Thu, 24 May 2007 19:23:38 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394150 @ #16 Wrong Timing: "Think ahead: who will want to buy a company like this in 3-5 years time when the property market is on a 15 year low?" Zillow? Redfin? They seem to me to be 2 potential acquirers in 3-5 years...-<a>Metagg</a> @ #16 Wrong Timing:

“Think ahead: who will want to buy a company like this in 3-5 years time when the property market is on a 15 year low?”

Zillow? Redfin? They seem to me to be 2 potential acquirers in 3-5 years…-Metagg

]]> By: Economic Suicide http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394129 Economic Suicide Thu, 24 May 2007 19:06:21 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394129 @22 Where does the money come from? Wall Street & Chicago Stock Exchange where investors invest nature and crappy shits. Oil, Pork & Belly, iron, earth's natural resource. You have Jewish money, Catholic money, Christian money, Buddhist money, and Islamic money all covert into one thing. Inside every dollar bill is say "In God We Trust" . Zillow & Trulia -- These guys don't trust god. They paid them to believe in God. If they don't believe in God. The company will go liquidation, bankruptcy, and go to hell. Spirits will bury them with lousy soil. Google believe in God. Microsoft believe in Satan. Micheal Dell believe in Hell. Verizon believe in Devil's horn. Yahoo believe in dogs sex. AT&T believe in God's testicles. Mike Arrington believe in free hamburger citiy. Techcrunch isn't even religion. It's full of sheeps & Sheepdogs. Mike & Duncan will tell you f*ck off VC money and go build your startup. @22

Where does the money come from?

Wall Street & Chicago Stock Exchange where investors invest nature and crappy shits. Oil, Pork & Belly, iron, earth’s natural resource. You have Jewish money, Catholic money, Christian money, Buddhist money, and Islamic money all covert into one thing. Inside every dollar bill is say “In God We Trust” . Zillow & Trulia — These guys don’t trust god. They paid them to believe in God.

If they don’t believe in God. The company will go liquidation, bankruptcy, and go to hell. Spirits will bury them with lousy soil. Google believe in God. Microsoft believe in Satan. Micheal Dell believe in Hell. Verizon believe in Devil’s horn. Yahoo believe in dogs sex. AT&T believe in God’s testicles. Mike Arrington believe in free hamburger citiy.

Techcrunch isn’t even religion. It’s full of sheeps & Sheepdogs. Mike & Duncan will tell you f*ck off VC money and go build your startup.

]]> By: Trulia piece of... http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394098 Trulia piece of... Thu, 24 May 2007 18:35:15 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394098 Not sure I get Trulia. They don't have comprehensive listings so they're not as good as a Movoto.com, for example. They don't take a piece of the deal like Redfin does. Nor do they offer a "make me move" commerce functionality the way Zillow does. They don't offer anything more than a mash-up with Google Maps, one with a truncated set of the available listings. Where is the value in Trulia? Somebody explain the future cash flow scenarios. Where does the money come from? (And please don't say real estate agents who pay for advertising. Anyone banking their business on real estate agents is doomed to fail b/c the agents' days are numbered). Not sure I get Trulia. They don’t have comprehensive listings so they’re not as good as a Movoto.com, for example.

They don’t take a piece of the deal like Redfin does. Nor do they offer a “make me move” commerce functionality the way Zillow does.

They don’t offer anything more than a mash-up with Google Maps, one with a truncated set of the available listings.

Where is the value in Trulia? Somebody explain the future cash flow scenarios. Where does the money come from? (And please don’t say real estate agents who pay for advertising. Anyone banking their business on real estate agents is doomed to fail b/c the agents’ days are numbered).

]]> By: Christian http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394064 Christian Thu, 24 May 2007 17:58:24 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394064 zfan #5, You should do some research regarding partnerships within the real estate space. I believe you'd change your opinion(s). Wrong Timing #16, Timing has nothing to do with it: people don't stop moving because of a downturn. It might take them longer to sell, but if I, for example, took a job in another city, I am moving. zfan #5,

You should do some research regarding partnerships within the real estate space. I believe you’d change your opinion(s).

Wrong Timing #16,

Timing has nothing to do with it: people don’t stop moving because of a downturn. It might take them longer to sell, but if I, for example, took a job in another city, I am moving.

]]> By: Tellme the truth. http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394044 Tellme the truth. Thu, 24 May 2007 17:35:34 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394044 I think you guys don't get it. Go to "http://www.century21.com/" They provide maps, real estate licenses, etc. I have very good question. There's thousands of real estate websites across the U.S. People don't understand why did the old dot com crashed. Many investors say you can't put too much VC money on existing business. Why do you believe VC did good job for investing existing real estate website? 1. What did Trulia invent? 2. What so good about Trulia? 3. What is business model for Trulia? 4. What is wrong with century21 website? They have it all... I think you guys don’t get it. Go to “http://www.century21.com/”
They provide maps, real estate licenses, etc.

I have very good question. There’s thousands of real estate websites across the U.S. People don’t understand why did the old dot com crashed. Many investors say you can’t put too much VC money on existing business.

Why do you believe VC did good job for investing existing real estate website?

1. What did Trulia invent?
2. What so good about Trulia?
3. What is business model for Trulia?
4. What is wrong with century21 website? They have it all…

]]> By: Jeremy http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1394003 Jeremy Thu, 24 May 2007 16:31:37 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1394003 Congrats to the trulia team on their funding round. We pitched them a while back for some consulting, and they clearly had a solid team & vision, and from where I'm sitting it looks like they're executing well. Congrats to the trulia team on their funding round. We pitched them a while back for some consulting, and they clearly had a solid team & vision, and from where I’m sitting it looks like they’re executing well.

]]> By: Right timing http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1393999 Right timing Thu, 24 May 2007 16:28:15 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1393999 Changing the US real estate model will be very very tough, given the barriers to entry that MLS/ licensing etc impose. To really crack it I think you need a real downturn in property prices and NOT a rising market. Which is handy, because that's what's surely coming. Just a thought... Changing the US real estate model will be very very tough, given the barriers to entry that MLS/ licensing etc impose. To really crack it I think you need a real downturn in property prices and NOT a rising market. Which is handy, because that’s what’s surely coming. Just a thought…

]]> By: DinoHorse http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1393993 DinoHorse Thu, 24 May 2007 16:17:30 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1393993 The point here (I work part time in a Real Estate company here in Miami) is that this industry has a great potential on the international side. About 80% of our customers (for Miami Beach properties) are overseas. They are heavy investors, so, the easier it gets for international customers to search for properties and investments, the better. Services like Zillow and Trulia are key... This is one of the industries VCs are doing a great job. The point here (I work part time in a Real Estate company here in Miami) is that this industry has a great potential on the international side. About 80% of our customers (for Miami Beach properties) are overseas. They are heavy investors, so, the easier it gets for international customers to search for properties and investments, the better. Services like Zillow and Trulia are key… This is one of the industries VCs are doing a great job.

]]> By: Wrong Timing http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1393990 Wrong Timing Thu, 24 May 2007 16:15:10 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1393990 Launching into a market that is about to hit a massive downturn and that will take years to recover doesn't strike me as a great idea. Think ahead: who will want to buy a company like this in 3-5 years time when the property market is on a 15 year low? Regardless of how good the company is, their timing is everything else but great... Launching into a market that is about to hit a massive downturn and that will take years to recover doesn’t strike me as a great idea. Think ahead: who will want to buy a company like this in 3-5 years time when the property market is on a 15 year low?

Regardless of how good the company is, their timing is everything else but great…

]]> By: Robert Dewey http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1393946 Robert Dewey Thu, 24 May 2007 15:23:12 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1393946 Note: Well, I am on an 8mb connection... but that's beside the point ;) Note: Well, I am on an 8mb connection… but that’s beside the point ;)

]]> By: Erik http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1393942 Erik Thu, 24 May 2007 15:22:29 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1393942 Trulia is the best place to find a home for sale. Period. If you're an agent why wouldn't you list it here? Trulia is the best place to find a home for sale. Period. If you’re an agent why wouldn’t you list it here?

]]> By: Robert Dewey http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1393940 Robert Dewey Thu, 24 May 2007 15:22:06 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1393940 The amount of money rushing into the real-estate service industry is impressive. $57M to Zillow? Wow. I'm pretty sure they don't need all of that capital, which just leads me to believe that VC's are placing a pretty big bet... one that will likely pay off. Super Bowl ad, anyone? BTW... This page loaded just fine for me. Check your router, or call your service provider - the problem is obviously on your end. The amount of money rushing into the real-estate service industry is impressive. $57M to Zillow? Wow. I’m pretty sure they don’t need all of that capital, which just leads me to believe that VC’s are placing a pretty big bet… one that will likely pay off. Super Bowl ad, anyone?

BTW… This page loaded just fine for me. Check your router, or call your service provider – the problem is obviously on your end.

]]> By: Pine Needle Lawn http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1393931 Pine Needle Lawn Thu, 24 May 2007 15:10:10 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1393931 <strong>Trulia - Congratulations from LakePlace.com!...</strong> Trulia announced that they have landed another $10M in venture capital today. And its not your average $10,000,000. The series C round was led by Sequoia Capital - the firm behind Apple, Google, YouTube, and many other BIG winners. Trulia has been li... Trulia – Congratulations from LakePlace.com!…

Trulia announced that they have landed another $10M in venture capital today. And its not your average $10,000,000. The series C round was led by Sequoia Capital – the firm behind Apple, Google, YouTube, and many other BIG winners.
Trulia has been li…

]]> By: Okay, what is innovation for Trulia? http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/comment-page-1/#comment-1393900 Okay, what is innovation for Trulia? Thu, 24 May 2007 14:39:09 +0000 http://www.techcrunch.com/2007/05/24/sequoia-leads-trulias-10-million-series-c/#comment-1393900 You've got Google API MAP. Trulia cost $10 million dollar. What gives? You’ve got Google API MAP. Trulia cost $10 million dollar. What gives?

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