Disclosure certainty 4/5 debate potential 1/5

Ashokan: Radius Agent acts as a Shopify-like operating system for agents

Biju Ashokan · The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation · Feb 22, 2022 · at 1:17

Biju Ashokan, founder of Radius Agent, describes the core customer base and software offering of his proptech company to Nathan Latka.

0:00 / 0:27exact quote · 27.4s
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“It's primarily real estate agents and real estate team leads. So the goal of the company is to kind of create a an operating system for real estate agents and teams for lack of a better comparison, it's kind of like a Shopify for real estate agents, right? Where we have agents with everything that they need both in terms of tech, in terms of services, in terms of benefits, everything, everything that can make an agent independent or an agent team independent. That's what we provide.”

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More from Biju Ashokan

Insight
Ashokan: Percentage brokerage commissions make no sense for agent support
“It's the same amount of support. So paying a commission to your brokerage doesn't make sense to all.”
Biju Ashokan Feb 22, 2022 ▶ 3:05 The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Disclosure
Radius Agent reaches $50M post-money valuation, eyes Series B in 6-8 months
“We have a fifty million dollar valuation right now, and we want to close the series B in the next six to eight months.”
Biju Ashokan Feb 22, 2022 ▶ 11:15 The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Assertion Not checkable as stated
Ashokan: Real estate agents stay with brokerages for an average of 3 years
“The average churn rate in this industry inherently is really good because it's every agent stays with a brokerage for two or three years. The average being three years, the only agents who churn are the agents who give up on real estate completely.”
Biju Ashokan Feb 22, 2022 ▶ 16:38 The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Disclosure
Radius Agent runs 10 pre-recorded recruitment webinars daily that look live
“It's pre-recorded, and it feels like it's a live webinar.”
Biju Ashokan Feb 22, 2022 ▶ 8:27 The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Prediction Not checkable as stated
Radius Agent targets $10M run rate by end of 2022
“And we want to get to ten million by end of the year.”
Biju Ashokan Feb 22, 2022 ▶ 12:03 The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
Assertion Not checkable as stated
Ashokan: Radius agents increase deal volume from 6-8 to 12-15 transactions
“So what I can tell you is when agents join us before they join us, they average about six to eight transactions. Now they're averaging 12 to 15.”
Biju Ashokan Feb 22, 2022 ▶ 18:15 The Next Redfin? Real Estate Broker SaaS hits $2.4m Revenue, $50m Valuation
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