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Redfin Turns Profitable, Real Estate Industry Shudders
TechCrunch Jul 10 09An interesting tidbit from today's Naked Truth event in Seattle: Redfin CEO Glenn Kelman said his company just turned profitable. Since I was sitting next to him on the panel, I asked him off microphone what revenues were. He said the run rate is around $15 million. 2007 revenues were $5 million, 2006 revenues were $1 million. That's great news for everyone except the real estate industry. The Seattle-based startup represents buyers and sellers in home real estate transactions for far less than the entrenched industry rates that take 5%-6% of the sale price of a home and split it between buy and sell brokers. Full story...
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TechCrunch 8 hours ago:
TinyTap App Lets Kids Create Customized iPad Books & Games -
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Gillmor Gang Live 05.25.12 (TCTV) -
Gillmor Gang - John Taschek, Robert Scoble, Keith Teare, Kevin Marks, and Steve Gillmor. Recording live at 1pm PT.TechCrunch 9 hours ago:
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Gadget Of The Week: The Parrot AR.Drone 2.0 -
There are plenty of ways to get your flight school kicks with your smartphone or tablet — this missile shooting Griffin chopper comes to mind — but few manage to ooze as much style (or cost as much money) as Parrot’s AR.TechCrunch 10 hours ago:
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Death To The Install! Play Facebook Games Straight From News Feed -
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White House Receives Flood Of Innovation Fellow Applications After Its Disrupt Announcement -
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PayPal Rolls Out To 15 More National Retailers, Announces Deals With 6 Top POS Software & Terminal Makers -
PayPal is expanding its in-store payments technology to 15 new national retailers, following its initial brick-and-mortar rollout with Home Depot earlier this year.TechCrunch 11 hours ago:
Talking (And Rocking) With gTar Creator Incident -
Sure, UberConference took home the Disrupt Cup and its accompanying $50,000 (giant) check. But it could be argued that Incident, makers of the gTar, had already won.TechCrunch 12 hours ago:
Exec, The YC-Backed Mobile App For Instantly Doing Your Errands, Raises $3.3M -
Exec, a mobile app that instantly gets people to do your errands, has raised $3.3 million, according to an SEC filing.Popular Tags »»
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