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Zillow

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Estimated Value: $225 million

Business:
Real estate info site that offers free instant valuations on over 80 million homes.

Location:
Seattle, WA

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More Info: About Zillow

CEO: Richard Barton

Investors: Benchmark Capital, Technology Crossover Ventures, PAR Capital, Legg Mason

Analysis:
Zillow was founded by Rich Barton (founder, CEO of Expedia) and Lloyd Frink (former SVP). About 20 other Expedia executives have joined the company, including Zillow's CFO, CTO, VP Engineering, VP Product, and VP of Technology. The company has about 160 employees.

Zillow has raised $87M in three rounds of financing. The last round was closed in July 2007 ($30M led by Legg) at about a $375 million valuation.

Zillow's business model is advertising. The site gets about 2.2 million US uniques a month (per Compete), which is up about 20% year over year.

We don't have detailed financial information for Zillow. Our estimated valuation of $225 million takes into account 1) the collapse of the real-estate market since last summer, 2) a relatively flat growth rate, and 3) the challenge of compiling accurate estimates of house values in a nationwide site (real-estate values are violently local).

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