Friday, September 29, 2006

Zillow, is $57M enough?

According to Zillow they have raised around $57M from venture capital firms (Technology Crossover Venture, Benchmark Capital and PAR Capital Management), private investors, employees and directors.

Zillow.com is an interesting concept that provides algoritm-based home valuation services across America and according the web site they cover more than 67 million homes in the states.

The traffic boosts (Alexa around 1000) and it looks like the web site is going to make it. However, the algorithm based valuation technique employed in the site seems pretty incorrect at some of the tests we performed.

What also makes the story watch-worthy is the fact that this company seems over funded, which in the web 2.0-era is not something good considered by number of professionals and industry – annalists.

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