Just days after raising a $50 million venture financing round, Seattle-based Redfin is parting ways with three key executives, GeekWire has learned.
Leaving the company effective Dec. 1 are Vice President of Marketing Matt Goyer; Vice President of Product Bryan Selner and Chief Marketing Officer Tom Vogl.
Redfin CEO Glenn Kelman confirmed the departures in an interview this morning, but he declined to give a reason for the exodus. He said the departures are in no way tied to the recent financing round, led by T. Rowe Price and Tiger Global.
“There are going to be all sorts of questions, but it is just a situation where we have to respect everyone’s privacy,” Kelman said. He added the three execs are “all extremely high-quality people.”
Vogl, who joined Redfin last year after a long tenure at REI, is perhaps the most surprising departure. When he arrived in February 2012, Kelman described the marketing veteran as a “piranha with a heart” who would help the real estate brokerage go big time.
Kelman said he’s been satisfied with the marketing efforts at the company in the past two years, and declined to say why a change may have been needed.
With the departures, Kelman said that others in the company will “have to pick up the slack” for the time being as replacements are found.
“We are going to have people leading marketing and people leading product, but I don’t know if they are going to have the exact same titles,” he said. “We still have to work it out.”
In an interview last week, Kelman said that Redfin will do between $50 million and $100 million in revenue this year. While the company has been discussed as a potential IPO candidate, Kelman said he wasn’t sure if that would occur in 2014 or not.
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