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Startups
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Redfin, the Seattle-based online real estate brokerage that's shaken up the industry by offering deep commission discounts to consumers, has secured another $12 million in venture capital funding and announced expansion in the East Coast.
Redfin rebates a portion of its commission back to home buyers in exchange for buyers doing most of the research themselves, and on the sell-side offers to list homes for a flat rate. The company claims to have saved home buyers nearly $6 million in commissions since its last round of financing in May 2006.
Some of Draper Fisher Jurvetson's previous investments include Skype, Overture, Hotmail and Baidu.
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Sorry to be snarky, but is it really surprising that a 22-year old founder of a company valued at over $1 Billion dollars thinks that people in their 20s are the best?
Truth be told, when it comes to technical prowess, Mark has a point.
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I'm here at Startup School and there is a really interesting contrast between the presentations of Mitch Kapor and Mark Zuckerberg. Lotus was one of the fastest growing companies of all time, and was widely heralded as one of the best working environments, and Mitch has been involved with some really interesting tech revolutions over the years. Mark Zuckerberg is of course the founder of Facebook.
Mitch's presentation was one of my favorite of the day, and one of the thing he emphasized was that you should hire for diversity because diverse groups of people innovate more.
Almost on cue, Mark started out by saying that the two most important things for a company is to have people who are "young and technical," and his explanation of such was actually the entirety of his prepared remarks. (He arrived shortly before his presentation, so AFAIK hadn’t heard any of Mitch's.)
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