Market slowdown? What market slowdown? Despite much of the country’s real estate market being in trouble, despite the sub-prime mortgage mess, despite all the gloom and doom in the press, despite speculation that even almighty Google may be affected by the downturn, funding for Seattle-area startups continues strong.
Zillow just landed $30M in funding, bringing its total to just under $90M and suggesting a market value of some $350M. Zillow CFO Spencer Rascoff, quoted in the same article over at the Kelsey Group blog, says that now the market is down,
It’s less fun to Zillow yourself and your neighbors and friends. [But] we’re getting less voyeuristic traffic and more buyer and seller traffic.
Meanwhile, TechCrunch reports that Docusign, my personal favorite e-signature provider, just raised $12.4M. Docusign’s exposure to the real estate downturn is, of course, significantly lower than Zillow’s, since Docusign services numerous industries beyond real estate.
Dave McClure, a “Silicon Valley software developer, entrepreneur, startup advisor, angel investor, and internet marketing nerd“, notes that VC’s and tech attorneys are still stuck in the 80’s, faxing documents back and forth, rather than putting things online and using digital signatures. Hmmm…sounds like the real estate industry!
Tags: Docusign, Electronic signatures, Industry, Zillow
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