Zillow

“When Zillow started, I believe their first round of funding was about fifteen million dollars, which now would be like a pre-seed tiny check in the world of real estate technology.”

“Tens of millions of people started using it within the first year of launch.”

“We switched about a year ago to a memo system after Bezos and Amazon's model of kind of no PowerPoint for one or two meetings in a row.”

“We require decks have to get out or memos or whatever, 48 hours ahead of time. You know, if possible, 72 hours, but 48 is the absolute... Latest.”

“One of the things that companies can often do is to measure upstream signal. So for example, Zillow, you're probably not going to buy a house very often, right? Maybe, you know, a couple times in your life. However, what's really interesting is they can say, w…”

“And what Zillow and others do is they just do lead generation. It's a terrible business model from a consumer perspective. Like it should have like negative a hundred NPS because they're just, you're just getting called all day by real estate agents.”

“Zillow, a lot of people use Zillow. It actually doesn't make that much money because it's like, it's a lead generation machine for agents. That's how they make money.”